SQY vs. SPY
Compare and contrast key facts about YieldMax SQ Option Income Strategy ETF (SQY) and SPDR S&P 500 ETF (SPY).
SQY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SQY is an actively managed fund by YieldMax. It was launched on Oct 10, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SQY or SPY.
Key characteristics
| SQY | SPY | |
|---|---|---|
| YTD Return | 11.37% | 27.04% |
| 1Y Return | 44.50% | 39.75% |
| Sharpe Ratio | 1.26 | 3.15 |
| Sortino Ratio | 1.74 | 4.19 |
| Omega Ratio | 1.24 | 1.59 |
| Calmar Ratio | 2.05 | 4.60 |
| Martin Ratio | 4.16 | 20.85 |
| Ulcer Index | 10.34% | 1.85% |
| Daily Std Dev | 34.07% | 12.29% |
| Max Drawdown | -20.92% | -55.19% |
| Current Drawdown | -1.23% | 0.00% |
Correlation
The correlation between SQY and SPY is 0.54, 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
SQY vs. SPY - Performance Comparison
In the year-to-date period, SQY achieves a 11.37% return, which is significantly lower than SPY's 27.04% 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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SQY vs. SPY - Expense Ratio Comparison
SQY has a 1.01% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SQY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax SQ Option Income Strategy ETF (SQY) and SPDR S&P 500 ETF (SPY). 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
SQY vs. SPY - Dividend Comparison
SQY's dividend yield for the trailing twelve months is around 59.87%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SQY YieldMax SQ Option Income Strategy ETF | 59.87% | 9.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SQY vs. SPY - Drawdown Comparison
The maximum SQY drawdown since its inception was -20.92%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SQY and SPY. For additional features, visit the drawdowns tool.
Volatility
SQY vs. SPY - Volatility Comparison
YieldMax SQ Option Income Strategy ETF (SQY) has a higher volatility of 7.06% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that SQY's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.