SPTE vs. QQQ
Compare and contrast key facts about SP Funds S&P Global Technology ETF (SPTE) and Invesco QQQ (QQQ).
SPTE and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTE is a passively managed fund by SP Funds that tracks the performance of the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. It was launched on Nov 30, 2023. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both SPTE and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPTE or QQQ.
Correlation
The correlation between SPTE and QQQ is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPTE vs. QQQ - Performance Comparison
Key characteristics
SPTE:
0.40
QQQ:
0.45
SPTE:
0.75
QQQ:
0.81
SPTE:
1.10
QQQ:
1.11
SPTE:
0.47
QQQ:
0.51
SPTE:
1.46
QQQ:
1.65
SPTE:
8.14%
QQQ:
6.96%
SPTE:
30.96%
QQQ:
25.14%
SPTE:
-25.54%
QQQ:
-82.98%
SPTE:
-9.00%
QQQ:
-9.42%
Returns By Period
In the year-to-date period, SPTE achieves a -4.13% return, which is significantly higher than QQQ's -4.41% return.
SPTE
-4.13%
7.75%
-4.29%
12.30%
N/A
N/A
QQQ
-4.41%
4.71%
-4.80%
11.32%
17.54%
17.26%
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SPTE vs. QQQ - Expense Ratio Comparison
SPTE has a 0.55% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SPTE vs. QQQ — Risk-Adjusted Performance Rank
SPTE
QQQ
SPTE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
SPTE vs. QQQ - Dividend Comparison
SPTE's dividend yield for the trailing twelve months is around 0.54%, less than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTE SP Funds S&P Global Technology ETF | 0.54% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
SPTE vs. QQQ - Drawdown Comparison
The maximum SPTE drawdown since its inception was -25.54%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SPTE and QQQ. For additional features, visit the drawdowns tool.
Volatility
SPTE vs. QQQ - Volatility Comparison
SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 8.97% compared to Invesco QQQ (QQQ) at 8.24%. This indicates that SPTE's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.