^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.
Performance
^GSPC vs. QQQ - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with ^GSPC having a 24.05% return and QQQ slightly lower at 23.40%. Over the past 10 years, ^GSPC has underperformed QQQ with an annualized return of 11.13%, while QQQ has yielded a comparatively higher 18.08% annualized return.
^GSPC
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| ^GSPC | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.46 | 1.71 |
| Sortino Ratio | 3.31 | 2.29 |
| Omega Ratio | 1.46 | 1.31 |
| Calmar Ratio | 3.55 | 2.19 |
| Martin Ratio | 15.76 | 7.95 |
| Ulcer Index | 1.91% | 3.73% |
| Daily Std Dev | 12.23% | 17.38% |
| Max Drawdown | -56.78% | -82.98% |
| Current Drawdown | -1.40% | -2.13% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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 4.07%, while Invesco QQQ (QQQ) has a volatility of 5.66%. 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.