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XSW vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between XSW and QQQ is 0.75, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

XSW vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Software & Services ETF (XSW) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

500.00%600.00%700.00%800.00%900.00%1,000.00%NovemberDecember2025FebruaryMarchApril
616.96%
880.49%
XSW
QQQ

Key characteristics

Sharpe Ratio

XSW:

0.40

QQQ:

0.49

Sortino Ratio

XSW:

0.77

QQQ:

0.85

Omega Ratio

XSW:

1.10

QQQ:

1.12

Calmar Ratio

XSW:

0.36

QQQ:

0.54

Martin Ratio

XSW:

1.18

QQQ:

1.86

Ulcer Index

XSW:

9.50%

QQQ:

6.59%

Daily Std Dev

XSW:

28.23%

QQQ:

25.26%

Max Drawdown

XSW:

-45.38%

QQQ:

-82.98%

Current Drawdown

XSW:

-21.33%

QQQ:

-13.25%

Returns By Period

In the year-to-date period, XSW achieves a -14.77% return, which is significantly lower than QQQ's -8.45% return. Over the past 10 years, XSW has underperformed QQQ with an annualized return of 12.62%, while QQQ has yielded a comparatively higher 16.49% annualized return.


XSW

YTD

-14.77%

1M

-7.32%

6M

-2.66%

1Y

8.91%

5Y*

12.44%

10Y*

12.62%

QQQ

YTD

-8.45%

1M

-5.29%

6M

-4.78%

1Y

10.24%

5Y*

17.72%

10Y*

16.49%

*Annualized

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XSW vs. QQQ - Expense Ratio Comparison

XSW has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Expense ratio chart for XSW: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XSW: 0.35%
Expense ratio chart for QQQ: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQQ: 0.20%

Risk-Adjusted Performance

XSW vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XSW
The Risk-Adjusted Performance Rank of XSW is 5252
Overall Rank
The Sharpe Ratio Rank of XSW is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of XSW is 5656
Sortino Ratio Rank
The Omega Ratio Rank of XSW is 5353
Omega Ratio Rank
The Calmar Ratio Rank of XSW is 5353
Calmar Ratio Rank
The Martin Ratio Rank of XSW is 4747
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 6161
Overall Rank
The Sharpe Ratio Rank of QQQ is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 6161
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 6161
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6767
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5959
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

XSW vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Software & Services ETF (XSW) 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.


The chart of Sharpe ratio for XSW, currently valued at 0.40, compared to the broader market-1.000.001.002.003.004.00
XSW: 0.40
QQQ: 0.49
The chart of Sortino ratio for XSW, currently valued at 0.77, compared to the broader market-2.000.002.004.006.008.00
XSW: 0.77
QQQ: 0.85
The chart of Omega ratio for XSW, currently valued at 1.10, compared to the broader market0.501.001.502.002.50
XSW: 1.10
QQQ: 1.12
The chart of Calmar ratio for XSW, currently valued at 0.36, compared to the broader market0.002.004.006.008.0010.0012.00
XSW: 0.36
QQQ: 0.54
The chart of Martin ratio for XSW, currently valued at 1.18, compared to the broader market0.0020.0040.0060.00
XSW: 1.18
QQQ: 1.86

The current XSW Sharpe Ratio is 0.40, which is comparable to the QQQ Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of XSW and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.40
0.49
XSW
QQQ

Dividends

XSW vs. QQQ - Dividend Comparison

XSW's dividend yield for the trailing twelve months is around 0.12%, less than QQQ's 0.64% yield.


TTM20242023202220212020201920182017201620152014
XSW
SPDR S&P Software & Services ETF
0.12%0.07%0.20%0.09%0.13%0.26%0.12%0.31%0.46%0.87%0.54%0.53%
QQQ
Invesco QQQ
0.64%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

XSW vs. QQQ - Drawdown Comparison

The maximum XSW drawdown since its inception was -45.38%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for XSW and QQQ. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-21.33%
-13.25%
XSW
QQQ

Volatility

XSW vs. QQQ - Volatility Comparison

SPDR S&P Software & Services ETF (XSW) and Invesco QQQ (QQQ) have volatilities of 17.24% and 16.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
17.24%
16.89%
XSW
QQQ