SPTS vs. QQQ
Compare and contrast key facts about SPDR Portfolio Short Term Treasury ETF (SPTS) and Invesco QQQ (QQQ).
SPTS and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTS is a passively managed fund by State Street that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Nov 30, 2011. 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 SPTS 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: SPTS or QQQ.
Key characteristics
| SPTS | QQQ | |
|---|---|---|
| YTD Return | 0.02% | 5.81% |
| 1Y Return | 2.39% | 35.06% |
| 3Y Return (Ann) | -0.11% | 9.32% |
| 5Y Return (Ann) | 1.02% | 18.88% |
| 10Y Return (Ann) | 1.05% | 18.36% |
| Sharpe Ratio | 1.20 | 2.23 |
| Daily Std Dev | 2.11% | 16.14% |
| Max Drawdown | -5.83% | -82.98% |
| Current Drawdown | -0.53% | -3.05% |
Correlation
The correlation between SPTS and QQQ is -0.11. 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.
Performance
SPTS vs. QQQ - Performance Comparison
In the year-to-date period, SPTS achieves a 0.02% return, which is significantly lower than QQQ's 5.81% return. Over the past 10 years, SPTS has underperformed QQQ with an annualized return of 1.05%, while QQQ has yielded a comparatively higher 18.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPTS vs. QQQ - Expense Ratio Comparison
SPTS 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%.
Risk-Adjusted Performance
SPTS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) 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
SPTS vs. QQQ - Dividend Comparison
SPTS's dividend yield for the trailing twelve months is around 3.96%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTS SPDR Portfolio Short Term Treasury ETF | 3.68% | 3.61% | 1.27% | 0.19% | 0.70% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% | 0.68% | 0.43% |
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% | 1.01% |
Drawdowns
SPTS vs. QQQ - Drawdown Comparison
The maximum SPTS drawdown since its inception was -5.83%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SPTS and QQQ. For additional features, visit the drawdowns tool.
Volatility
SPTS vs. QQQ - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Treasury ETF (SPTS) is 0.60%, while Invesco QQQ (QQQ) has a volatility of 5.15%. This indicates that SPTS 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.