SPXT vs. QQQ
Compare and contrast key facts about ProShares S&P 500 Ex-Technology ETF (SPXT) and Invesco QQQ (QQQ).
SPXT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXT is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index. It was launched on Sep 22, 2015. 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 SPXT 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: SPXT or QQQ.
Key characteristics
| SPXT | QQQ | |
|---|---|---|
| YTD Return | 22.97% | 26.09% |
| 1Y Return | 35.77% | 39.88% |
| 3Y Return (Ann) | 7.53% | 9.90% |
| 5Y Return (Ann) | 12.26% | 21.46% |
| Sharpe Ratio | 3.36 | 2.22 |
| Sortino Ratio | 4.56 | 2.92 |
| Omega Ratio | 1.62 | 1.40 |
| Calmar Ratio | 3.32 | 2.86 |
| Martin Ratio | 24.81 | 10.44 |
| Ulcer Index | 1.39% | 3.72% |
| Daily Std Dev | 10.25% | 17.47% |
| Max Drawdown | -34.38% | -82.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SPXT and QQQ is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPXT vs. QQQ - Performance Comparison
In the year-to-date period, SPXT achieves a 22.97% return, which is significantly lower than QQQ's 26.09% 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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SPXT vs. QQQ - Expense Ratio Comparison
SPXT has a 0.27% expense ratio, which is higher than QQQ's 0.20% expense ratio. However, 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
SPXT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) 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
SPXT vs. QQQ - Dividend Comparison
SPXT's dividend yield for the trailing twelve months is around 1.43%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXT ProShares S&P 500 Ex-Technology ETF | 1.43% | 1.53% | 1.86% | 1.15% | 1.64% | 1.63% | 2.03% | 1.55% | 2.35% | 0.56% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
SPXT vs. QQQ - Drawdown Comparison
The maximum SPXT drawdown since its inception was -34.38%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SPXT and QQQ. For additional features, visit the drawdowns tool.
Volatility
SPXT vs. QQQ - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Technology ETF (SPXT) is 3.53%, while Invesco QQQ (QQQ) has a volatility of 5.17%. This indicates that SPXT 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.