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

Key characteristics


SPYQQQ
YTD Return10.41%8.77%
1Y Return34.16%45.81%
3Y Return (Ann)11.38%12.81%
5Y Return (Ann)14.99%20.75%
10Y Return (Ann)12.96%18.73%
Sharpe Ratio2.932.80
Daily Std Dev11.54%16.07%
Max Drawdown-55.19%-82.98%
Current Drawdown0.00%-0.35%

Correlation

0.86
-1.001.00

The correlation between SPY and QQQ is 0.86, 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

SPY vs. QQQ - Performance Comparison

In the year-to-date period, SPY achieves a 10.41% return, which is significantly higher than QQQ's 8.77% return. Over the past 10 years, SPY has underperformed QQQ with an annualized return of 12.96%, while QQQ has yielded a comparatively higher 18.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


400.00%500.00%600.00%700.00%800.00%900.00%OctoberNovemberDecember2024FebruaryMarch
535.99%
919.84%
SPY
QQQ

Compare stocks, funds, or ETFs


SPDR S&P 500 ETF

Invesco QQQ

SPY vs. QQQ - Expense Ratio Comparison

SPY has a 0.09% expense ratio, which is lower than QQQ's 0.20% expense ratio.

QQQ
Invesco QQQ
0.50%1.00%1.50%2.00%0.20%
0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

SPY vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) 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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
SPY
SPDR S&P 500 ETF
2.93
QQQ
Invesco QQQ
2.80

SPY vs. QQQ - Sharpe Ratio Comparison

The current SPY Sharpe Ratio is 2.93, which roughly equals the QQQ Sharpe Ratio of 2.80. The chart below compares the 12-month rolling Sharpe Ratio of SPY and QQQ.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
2.93
2.80
SPY
QQQ

Dividends

SPY vs. QQQ - Dividend Comparison

SPY's dividend yield for the trailing twelve months is around 1.28%, more than QQQ's 0.59% yield.


TTM20232022202120202019201820172016201520142013
SPY
SPDR S&P 500 ETF
1.28%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%
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%1.01%

Drawdowns

SPY vs. QQQ - Drawdown Comparison

The maximum SPY drawdown since its inception was -55.19%, smaller than the maximum QQQ drawdown of -82.98%. The drawdown chart below compares losses from any high point along the way for SPY and QQQ


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2024FebruaryMarch0
-0.35%
SPY
QQQ

Volatility

SPY vs. QQQ - Volatility Comparison

The current volatility for SPDR S&P 500 ETF (SPY) is 2.75%, while Invesco QQQ (QQQ) has a volatility of 4.40%. This indicates that SPY 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.


2.00%3.00%4.00%5.00%6.00%OctoberNovemberDecember2024FebruaryMarch
2.75%
4.40%
SPY
QQQ