SPYGX vs. QQQM
Compare and contrast key facts about Spyglass Growth Fund (SPYGX) and Invesco NASDAQ 100 ETF (QQQM).
SPYGX is managed by Spyglass Capital Management. It was launched on Dec 29, 2017. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYGX or QQQM.
Key characteristics
| SPYGX | QQQM | |
|---|---|---|
| YTD Return | 32.46% | 26.20% |
| 1Y Return | 62.67% | 39.98% |
| 3Y Return (Ann) | -7.68% | 9.99% |
| Sharpe Ratio | 2.82 | 2.23 |
| Sortino Ratio | 3.65 | 2.93 |
| Omega Ratio | 1.46 | 1.40 |
| Calmar Ratio | 1.18 | 2.87 |
| Martin Ratio | 11.20 | 10.49 |
| Ulcer Index | 5.56% | 3.71% |
| Daily Std Dev | 22.11% | 17.42% |
| Max Drawdown | -63.69% | -35.05% |
| Current Drawdown | -23.33% | 0.00% |
Correlation
The correlation between SPYGX and QQQM is 0.77, 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
SPYGX vs. QQQM - Performance Comparison
In the year-to-date period, SPYGX achieves a 32.46% return, which is significantly higher than QQQM's 26.20% 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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SPYGX vs. QQQM - Expense Ratio Comparison
SPYGX has a 1.05% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
SPYGX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spyglass Growth Fund (SPYGX) and Invesco NASDAQ 100 ETF (QQQM). 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
SPYGX vs. QQQM - Dividend Comparison
SPYGX has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
SPYGX Spyglass Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.64% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
SPYGX vs. QQQM - Drawdown Comparison
The maximum SPYGX drawdown since its inception was -63.69%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for SPYGX and QQQM. For additional features, visit the drawdowns tool.
Volatility
SPYGX vs. QQQM - Volatility Comparison
Spyglass Growth Fund (SPYGX) has a higher volatility of 6.21% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.15%. This indicates that SPYGX's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.