^GSPC vs. QQQ
Compare and contrast key facts about S&P 500 (^GSPC) and Invesco QQQ (QQQ).
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: ^GSPC or QQQ.
Correlation
The correlation between ^GSPC and QQQ is 0.87, 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
^GSPC vs. QQQ - Performance Comparison
Key characteristics
^GSPC:
0.51
QQQ:
0.46
^GSPC:
0.84
QQQ:
0.82
^GSPC:
1.12
QQQ:
1.11
^GSPC:
0.52
QQQ:
0.51
^GSPC:
2.02
QQQ:
1.69
^GSPC:
4.87%
QQQ:
6.91%
^GSPC:
19.36%
QQQ:
25.12%
^GSPC:
-56.78%
QQQ:
-82.98%
^GSPC:
-8.35%
QQQ:
-10.29%
Returns By Period
In the year-to-date period, ^GSPC achieves a -4.26% return, which is significantly higher than QQQ's -5.32% return. Over the past 10 years, ^GSPC has underperformed QQQ with an annualized return of 10.31%, while QQQ has yielded a comparatively higher 17.05% annualized return.
^GSPC
-4.26%
11.24%
-5.02%
8.55%
14.02%
10.31%
QQQ
-5.32%
14.07%
-4.11%
10.43%
17.35%
17.05%
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Risk-Adjusted Performance
^GSPC vs. QQQ — Risk-Adjusted Performance Rank
^GSPC
QQQ
^GSPC vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 (^GSPC) 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.
Drawdowns
^GSPC vs. QQQ - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^GSPC and QQQ. For additional features, visit the drawdowns tool.
Volatility
^GSPC vs. QQQ - Volatility Comparison
The current volatility for S&P 500 (^GSPC) is 11.43%, while Invesco QQQ (QQQ) has a volatility of 14.06%. This indicates that ^GSPC 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.