^SP500TR vs. QQQ
Compare and contrast key facts about S&P 500 Total Return (^SP500TR) 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: ^SP500TR or QQQ.
Correlation
The correlation between ^SP500TR 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
^SP500TR vs. QQQ - Performance Comparison
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Key characteristics
^SP500TR:
0.52
QQQ:
0.45
^SP500TR:
0.89
QQQ:
0.81
^SP500TR:
1.13
QQQ:
1.11
^SP500TR:
0.57
QQQ:
0.51
^SP500TR:
2.19
QQQ:
1.65
^SP500TR:
4.84%
QQQ:
6.96%
^SP500TR:
19.36%
QQQ:
25.14%
^SP500TR:
-55.25%
QQQ:
-82.98%
^SP500TR:
-7.62%
QQQ:
-9.42%
Returns By Period
In the year-to-date period, ^SP500TR achieves a -3.34% return, which is significantly higher than QQQ's -4.41% return. Over the past 10 years, ^SP500TR has underperformed QQQ with an annualized return of 12.46%, while QQQ has yielded a comparatively higher 17.24% annualized return.
^SP500TR
-3.34%
7.51%
-4.97%
9.82%
15.88%
12.46%
QQQ
-4.41%
9.37%
-4.80%
11.06%
17.35%
17.24%
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Risk-Adjusted Performance
^SP500TR vs. QQQ — Risk-Adjusted Performance Rank
^SP500TR
QQQ
^SP500TR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Total Return (^SP500TR) 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.
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Drawdowns
^SP500TR vs. QQQ - Drawdown Comparison
The maximum ^SP500TR drawdown since its inception was -55.25%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^SP500TR and QQQ. For additional features, visit the drawdowns tool.
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Volatility
^SP500TR vs. QQQ - Volatility Comparison
The current volatility for S&P 500 Total Return (^SP500TR) is 6.81%, while Invesco QQQ (QQQ) has a volatility of 8.24%. This indicates that ^SP500TR 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.
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