WFSPX vs. QQQ
Compare and contrast key facts about iShares S&P 500 Index Fund (WFSPX) and Invesco QQQ (QQQ).
WFSPX is managed by Blackrock. It was launched on Jul 30, 1993. 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: WFSPX or QQQ.
Key characteristics
| WFSPX | QQQ | |
|---|---|---|
| YTD Return | 26.79% | 25.79% |
| 1Y Return | 37.33% | 36.91% |
| 3Y Return (Ann) | 9.83% | 9.89% |
| 5Y Return (Ann) | 15.66% | 21.42% |
| 10Y Return (Ann) | 13.10% | 18.39% |
| Sharpe Ratio | 3.03 | 2.11 |
| Sortino Ratio | 4.04 | 2.78 |
| Omega Ratio | 1.57 | 1.38 |
| Calmar Ratio | 4.41 | 2.69 |
| Martin Ratio | 19.94 | 9.81 |
| Ulcer Index | 1.87% | 3.72% |
| Daily Std Dev | 12.27% | 17.32% |
| Max Drawdown | -89.72% | -82.98% |
| Current Drawdown | -0.28% | -0.24% |
Correlation
The correlation between WFSPX 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
WFSPX vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with WFSPX having a 26.79% return and QQQ slightly lower at 25.79%. Over the past 10 years, WFSPX has underperformed QQQ with an annualized return of 13.10%, 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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WFSPX vs. QQQ - Expense Ratio Comparison
WFSPX has a 0.03% 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
WFSPX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Index Fund (WFSPX) 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
WFSPX vs. QQQ - Dividend Comparison
WFSPX's dividend yield for the trailing twelve months is around 1.20%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WFSPX iShares S&P 500 Index Fund | 1.20% | 1.44% | 1.69% | 1.25% | 1.55% | 1.99% | 2.03% | 1.74% | 2.07% | 1.95% | 1.84% | 1.70% |
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
WFSPX vs. QQQ - Drawdown Comparison
The maximum WFSPX drawdown since its inception was -89.72%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WFSPX and QQQ. For additional features, visit the drawdowns tool.
Volatility
WFSPX vs. QQQ - Volatility Comparison
The current volatility for iShares S&P 500 Index Fund (WFSPX) is 3.85%, while Invesco QQQ (QQQ) has a volatility of 5.14%. This indicates that WFSPX 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.