SVSPX vs. QQQ
Compare and contrast key facts about State Street S&P 500 Index Fund Class N (SVSPX) and Invesco QQQ (QQQ).
SVSPX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Dec 30, 1992. 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 SVSPX 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: SVSPX or QQQ.
Key characteristics
| SVSPX | QQQ | |
|---|---|---|
| YTD Return | 26.75% | 25.79% |
| 1Y Return | 23.87% | 36.91% |
| 3Y Return (Ann) | -0.03% | 9.89% |
| 5Y Return (Ann) | 6.65% | 21.42% |
| 10Y Return (Ann) | 6.14% | 18.39% |
| Sharpe Ratio | 1.53 | 2.11 |
| Sortino Ratio | 1.82 | 2.78 |
| Omega Ratio | 1.34 | 1.38 |
| Calmar Ratio | 1.03 | 2.69 |
| Martin Ratio | 6.44 | 9.81 |
| Ulcer Index | 3.69% | 3.72% |
| Daily Std Dev | 15.57% | 17.32% |
| Max Drawdown | -86.30% | -82.98% |
| Current Drawdown | -0.81% | -0.24% |
Correlation
The correlation between SVSPX and QQQ is 0.85, 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
SVSPX vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with SVSPX having a 26.75% return and QQQ slightly lower at 25.79%. Over the past 10 years, SVSPX has underperformed QQQ with an annualized return of 6.14%, while QQQ has yielded a comparatively higher 18.39% 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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SVSPX vs. QQQ - Expense Ratio Comparison
SVSPX has a 0.16% 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
SVSPX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street S&P 500 Index Fund Class N (SVSPX) 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
SVSPX vs. QQQ - Dividend Comparison
SVSPX's dividend yield for the trailing twelve months is around 1.17%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVSPX State Street S&P 500 Index Fund Class N | 1.17% | 1.52% | 1.69% | 1.66% | 5.53% | 1.74% | 2.65% | 1.78% | 1.42% | 1.96% | 1.76% | 3.00% |
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
SVSPX vs. QQQ - Drawdown Comparison
The maximum SVSPX drawdown since its inception was -86.30%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SVSPX and QQQ. For additional features, visit the drawdowns tool.
Volatility
SVSPX vs. QQQ - Volatility Comparison
The current volatility for State Street S&P 500 Index Fund Class N (SVSPX) is 3.86%, while Invesco QQQ (QQQ) has a volatility of 5.14%. This indicates that SVSPX 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.