XLY vs. QQQ
Compare and contrast key facts about Consumer Discretionary Select Sector SPDR Fund (XLY) and Invesco QQQ (QQQ).
XLY and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLY is a passively managed fund by State Street that tracks the performance of the Consumer Discretionary Select Sector Index. It was launched on Dec 16, 1998. 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 XLY 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: XLY or QQQ.
Performance
XLY vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, XLY achieves a 20.13% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, XLY has underperformed QQQ with an annualized return of 13.23%, while QQQ has yielded a comparatively higher 17.95% annualized return.
XLY
20.13%
7.30%
19.94%
29.61%
12.97%
13.23%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| XLY | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.60 | 1.70 |
| Sortino Ratio | 2.20 | 2.29 |
| Omega Ratio | 1.27 | 1.31 |
| Calmar Ratio | 1.41 | 2.19 |
| Martin Ratio | 7.65 | 7.96 |
| Ulcer Index | 3.70% | 3.72% |
| Daily Std Dev | 17.73% | 17.39% |
| Max Drawdown | -59.05% | -82.98% |
| Current Drawdown | -2.74% | -3.42% |
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XLY vs. QQQ - Expense Ratio Comparison
XLY has a 0.13% 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 XLY and QQQ is 0.73, 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
XLY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Consumer Discretionary Select Sector SPDR Fund (XLY) 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
XLY vs. QQQ - Dividend Comparison
XLY's dividend yield for the trailing twelve months is around 0.70%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLY Consumer Discretionary Select Sector SPDR Fund | 0.70% | 0.78% | 1.00% | 0.53% | 0.82% | 1.28% | 1.34% | 1.20% | 1.71% | 1.43% | 1.31% | 1.16% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
XLY vs. QQQ - Drawdown Comparison
The maximum XLY drawdown since its inception was -59.05%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for XLY and QQQ. For additional features, visit the drawdowns tool.
Volatility
XLY vs. QQQ - Volatility Comparison
Consumer Discretionary Select Sector SPDR Fund (XLY) has a higher volatility of 6.65% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that XLY's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.