XSD vs. QQQ
Compare and contrast key facts about SPDR S&P Semiconductor ETF (XSD) and Invesco QQQ (QQQ).
XSD and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSD is a passively managed fund by State Street that tracks the performance of the S&P Semiconductor Select Industry. It was launched on Jan 31, 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 XSD 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: XSD or QQQ.
Performance
XSD vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, XSD achieves a 1.86% return, which is significantly lower than QQQ's 22.63% return. Over the past 10 years, XSD has outperformed QQQ with an annualized return of 20.71%, while QQQ has yielded a comparatively lower 18.02% annualized return.
XSD
1.86%
-5.95%
-5.32%
15.73%
19.11%
20.71%
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| XSD | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.50 | 1.75 |
| Sortino Ratio | 0.88 | 2.34 |
| Omega Ratio | 1.11 | 1.32 |
| Calmar Ratio | 0.64 | 2.25 |
| Martin Ratio | 1.74 | 8.17 |
| Ulcer Index | 9.72% | 3.73% |
| Daily Std Dev | 34.10% | 17.44% |
| Max Drawdown | -64.56% | -82.98% |
| Current Drawdown | -16.51% | -2.75% |
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XSD vs. QQQ - Expense Ratio Comparison
XSD has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between XSD and QQQ is 0.80, 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
XSD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Semiconductor ETF (XSD) 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
XSD vs. QQQ - Dividend Comparison
XSD's dividend yield for the trailing twelve months is around 0.25%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSD SPDR S&P Semiconductor ETF | 0.25% | 0.31% | 0.44% | 0.10% | 0.26% | 0.51% | 1.16% | 0.59% | 0.64% | 0.58% | 0.46% | 0.52% |
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
XSD vs. QQQ - Drawdown Comparison
The maximum XSD drawdown since its inception was -64.56%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for XSD and QQQ. For additional features, visit the drawdowns tool.
Volatility
XSD vs. QQQ - Volatility Comparison
SPDR S&P Semiconductor ETF (XSD) has a higher volatility of 10.73% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that XSD'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.