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SPTE vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SPTE vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global Technology ETF (SPTE) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
7.31%
10.78%
SPTE
QQQ

Returns By Period

In the year-to-date period, SPTE achieves a 30.01% return, which is significantly higher than QQQ's 24.04% return.


SPTE

YTD

30.01%

1M

-1.42%

6M

8.81%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

QQQ

YTD

24.04%

1M

3.57%

6M

10.78%

1Y

30.56%

5Y (annualized)

20.99%

10Y (annualized)

18.03%

Key characteristics


SPTEQQQ
Daily Std Dev24.71%17.36%
Max Drawdown-18.15%-82.98%
Current Drawdown-4.77%-1.62%

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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.


SPTE
SP Funds S&P Global Technology ETF
Expense ratio chart for SPTE: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.00.9

The correlation between SPTE and QQQ is 0.89, 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.

Risk-Adjusted Performance

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.


Sharpe ratio
No data
SPTE
QQQ

Chart placeholderNot enough data

Dividends

SPTE vs. QQQ - Dividend Comparison

SPTE's dividend yield for the trailing twelve months is around 0.23%, less than QQQ's 0.60% yield.


TTM20232022202120202019201820172016201520142013
SPTE
SP Funds S&P Global Technology ETF
0.23%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.60%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

SPTE vs. QQQ - Drawdown Comparison

The maximum SPTE drawdown since its inception was -18.15%, 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.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.77%
-1.62%
SPTE
QQQ

Volatility

SPTE vs. QQQ - Volatility Comparison

SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 5.88% compared to Invesco QQQ (QQQ) at 5.36%. 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%JuneJulyAugustSeptemberOctoberNovember
5.88%
5.36%
SPTE
QQQ