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.
Performance
SWPPX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, SWPPX achieves a 25.53% return, which is significantly higher than QQQ's 23.40% return. Over the past 10 years, SWPPX has underperformed QQQ with an annualized return of 13.12%, while QQQ has yielded a comparatively higher 18.08% annualized return.
SWPPX
25.53%
1.18%
12.20%
32.17%
15.57%
13.12%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| SWPPX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.59 | 1.71 |
| Sortino Ratio | 3.47 | 2.29 |
| Omega Ratio | 1.48 | 1.31 |
| Calmar Ratio | 3.77 | 2.19 |
| Martin Ratio | 16.91 | 7.95 |
| Ulcer Index | 1.89% | 3.73% |
| Daily Std Dev | 12.30% | 17.38% |
| Max Drawdown | -55.06% | -82.98% |
| Current Drawdown | -1.35% | -2.13% |
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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%.
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.
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 1.14%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWPPX Schwab S&P 500 Index Fund | 1.14% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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 4.06%, while Invesco QQQ (QQQ) has a volatility of 5.66%. 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.