SPTL vs. QQQ
Compare and contrast key facts about SPDR Portfolio Long Term Treasury ETF (SPTL) and Invesco QQQ (QQQ).
SPTL and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTL is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Government - Treasury - Long. It was launched on May 23, 2007. 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 SPTL 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: SPTL or QQQ.
Performance
SPTL vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, SPTL achieves a -4.53% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, SPTL has underperformed QQQ with an annualized return of -0.02%, while QQQ has yielded a comparatively higher 17.95% annualized return.
SPTL
-4.53%
-4.78%
1.03%
5.40%
-5.10%
-0.02%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| SPTL | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.49 | 1.70 |
| Sortino Ratio | 0.77 | 2.29 |
| Omega Ratio | 1.09 | 1.31 |
| Calmar Ratio | 0.16 | 2.19 |
| Martin Ratio | 1.21 | 7.96 |
| Ulcer Index | 5.45% | 3.72% |
| Daily Std Dev | 13.48% | 17.39% |
| Max Drawdown | -46.20% | -82.98% |
| Current Drawdown | -38.72% | -3.42% |
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SPTL vs. QQQ - Expense Ratio Comparison
SPTL has a 0.06% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SPTL and QQQ is -0.23. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
SPTL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Treasury ETF (SPTL) 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
SPTL vs. QQQ - Dividend Comparison
SPTL's dividend yield for the trailing twelve months is around 3.89%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTL SPDR Portfolio Long Term Treasury ETF | 3.89% | 3.24% | 2.75% | 1.68% | 1.71% | 2.45% | 2.69% | 2.53% | 2.56% | 2.60% | 2.64% | 2.98% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
SPTL vs. QQQ - Drawdown Comparison
The maximum SPTL drawdown since its inception was -46.20%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SPTL and QQQ. For additional features, visit the drawdowns tool.
Volatility
SPTL vs. QQQ - Volatility Comparison
The current volatility for SPDR Portfolio Long Term Treasury ETF (SPTL) is 4.32%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that SPTL experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.