SXLK.AS vs. QQQM
Compare and contrast key facts about SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) and Invesco NASDAQ 100 ETF (QQQM).
SXLK.AS and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SXLK.AS is a passively managed fund by State Street that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Jul 7, 2015. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both SXLK.AS and QQQM 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: SXLK.AS or QQQM.
Performance
SXLK.AS vs. QQQM - Performance Comparison
Returns By Period
In the year-to-date period, SXLK.AS achieves a 23.65% return, which is significantly higher than QQQM's 21.86% return.
SXLK.AS
23.65%
2.75%
10.05%
28.44%
31.96%
N/A
QQQM
21.86%
1.15%
10.26%
29.63%
N/A
N/A
Key characteristics
| SXLK.AS | QQQM | |
|---|---|---|
| Sharpe Ratio | 1.42 | 1.71 |
| Sortino Ratio | 1.93 | 2.30 |
| Omega Ratio | 1.26 | 1.31 |
| Calmar Ratio | 1.73 | 2.19 |
| Martin Ratio | 5.46 | 8.00 |
| Ulcer Index | 5.16% | 3.72% |
| Daily Std Dev | 19.67% | 17.36% |
| Max Drawdown | -34.44% | -35.05% |
| Current Drawdown | -1.99% | -3.44% |
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SXLK.AS vs. QQQM - Expense Ratio Comparison
Both SXLK.AS and QQQM have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between SXLK.AS and QQQM is 0.62, 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.
Risk-Adjusted Performance
SXLK.AS vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) 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
SXLK.AS vs. QQQM - Dividend Comparison
SXLK.AS has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.66%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
SXLK.AS SPDR S&P U.S. Technology Select Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.66% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
SXLK.AS vs. QQQM - Drawdown Comparison
The maximum SXLK.AS drawdown since its inception was -34.44%, roughly equal to the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for SXLK.AS and QQQM. For additional features, visit the drawdowns tool.
Volatility
SXLK.AS vs. QQQM - Volatility Comparison
The current volatility for SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) is 5.11%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.61%. This indicates that SXLK.AS experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.