^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 0.86, 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:
2.10
QQQ:
1.64
^GSPC:
2.80
QQQ:
2.19
^GSPC:
1.39
QQQ:
1.30
^GSPC:
3.09
QQQ:
2.16
^GSPC:
13.49
QQQ:
7.79
^GSPC:
1.94%
QQQ:
3.76%
^GSPC:
12.52%
QQQ:
17.85%
^GSPC:
-56.78%
QQQ:
-82.98%
^GSPC:
-2.62%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, ^GSPC achieves a 24.34% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, ^GSPC has underperformed QQQ with an annualized return of 11.06%, while QQQ has yielded a comparatively higher 18.36% annualized return.
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
^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 3.79%, while Invesco QQQ (QQQ) has a volatility of 5.29%. 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.