SWPPX vs. QQQ
Compare and contrast key facts about Schwab S&P 500 Index Fund (SWPPX) and Invesco QQQ (QQQ).
SWPPX is managed by Charles Schwab. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWPPX or QQQ.
Key characteristics
| SWPPX | QQQ | |
|---|---|---|
| YTD Return | 9.99% | 8.34% |
| 1Y Return | 28.52% | 37.23% |
| 3Y Return (Ann) | 9.44% | 11.48% |
| 5Y Return (Ann) | 14.76% | 20.20% |
| 10Y Return (Ann) | 12.81% | 18.61% |
| Sharpe Ratio | 2.43 | 2.27 |
| Daily Std Dev | 11.70% | 16.23% |
| Max Drawdown | -55.06% | -82.98% |
| Current Drawdown | -0.51% | -0.74% |
Correlation
The correlation between SWPPX 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
SWPPX vs. QQQ - Performance Comparison
In the year-to-date period, SWPPX achieves a 9.99% return, which is significantly higher than QQQ's 8.34% return. Over the past 10 years, SWPPX has underperformed QQQ with an annualized return of 12.81%, while QQQ has yielded a comparatively higher 18.61% 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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SWPPX vs. QQQ - Expense Ratio Comparison
SWPPX has a 0.02% 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
SWPPX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab S&P 500 Index Fund (SWPPX) 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
SWPPX vs. QQQ - Dividend Comparison
SWPPX's dividend yield for the trailing twelve months is around 1.30%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWPPX Schwab S&P 500 Index Fund | 1.30% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.66% | 1.78% | 2.55% | 3.17% | 1.80% | 1.67% |
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
SWPPX vs. QQQ - Drawdown Comparison
The maximum SWPPX drawdown since its inception was -55.06%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SWPPX and QQQ. For additional features, visit the drawdowns tool.
Volatility
SWPPX vs. QQQ - Volatility Comparison
The current volatility for Schwab S&P 500 Index Fund (SWPPX) is 3.61%, while Invesco QQQ (QQQ) has a volatility of 5.23%. This indicates that SWPPX 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.