XME vs. QQQ
Compare and contrast key facts about SPDR S&P Metals & Mining ETF (XME) and Invesco QQQ (QQQ).
XME and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XME is a passively managed fund by State Street that tracks the performance of the S&P Metals & Mining Select Industry Index. It was launched on Jun 19, 2006. 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 XME 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: XME or QQQ.
Key characteristics
| XME | QQQ | |
|---|---|---|
| YTD Return | 12.37% | 25.79% |
| 1Y Return | 36.60% | 36.91% |
| 3Y Return (Ann) | 13.63% | 9.89% |
| 5Y Return (Ann) | 21.62% | 21.42% |
| 10Y Return (Ann) | 8.20% | 18.39% |
| Sharpe Ratio | 1.40 | 2.11 |
| Sortino Ratio | 1.99 | 2.78 |
| Omega Ratio | 1.25 | 1.38 |
| Calmar Ratio | 1.05 | 2.69 |
| Martin Ratio | 5.61 | 9.81 |
| Ulcer Index | 6.50% | 3.72% |
| Daily Std Dev | 26.13% | 17.32% |
| Max Drawdown | -85.94% | -82.98% |
| Current Drawdown | -11.06% | -0.24% |
Correlation
The correlation between XME and QQQ is 0.54, 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.
Performance
XME vs. QQQ - Performance Comparison
In the year-to-date period, XME achieves a 12.37% return, which is significantly lower than QQQ's 25.79% return. Over the past 10 years, XME has underperformed QQQ with an annualized return of 8.20%, 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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XME vs. QQQ - Expense Ratio Comparison
XME has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
XME vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Metals & Mining ETF (XME) 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
XME vs. QQQ - Dividend Comparison
XME's dividend yield for the trailing twelve months is around 0.60%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XME SPDR S&P Metals & Mining ETF | 0.60% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% | 1.32% |
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
XME vs. QQQ - Drawdown Comparison
The maximum XME drawdown since its inception was -85.94%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for XME and QQQ. For additional features, visit the drawdowns tool.
Volatility
XME vs. QQQ - Volatility Comparison
SPDR S&P Metals & Mining ETF (XME) has a higher volatility of 9.94% compared to Invesco QQQ (QQQ) at 5.14%. This indicates that XME'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.