^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:
0.74
QQQ:
0.59
^GSPC:
1.06
QQQ:
0.88
^GSPC:
1.14
QQQ:
1.12
^GSPC:
1.01
QQQ:
0.84
^GSPC:
3.53
QQQ:
2.36
^GSPC:
2.89%
QQQ:
4.82%
^GSPC:
13.81%
QQQ:
19.38%
^GSPC:
-56.78%
QQQ:
-82.98%
^GSPC:
-5.98%
QQQ:
-8.40%
Returns By Period
In the year-to-date period, ^GSPC achieves a -1.78% return, which is significantly higher than QQQ's -3.33% return. Over the past 10 years, ^GSPC has underperformed QQQ with an annualized return of 10.89%, while QQQ has yielded a comparatively higher 17.65% annualized return.
^GSPC
-1.78%
-3.93%
0.76%
10.70%
17.12%
10.89%
QQQ
-3.33%
-6.06%
1.98%
11.63%
21.65%
17.65%
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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 6.03%, while Invesco QQQ (QQQ) has a volatility of 8.08%. 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.