QQQ vs SPY comparison¶

QQQ vs SPY performance comment¶

Market Performance Metrics Overview¶

Metric	QQQ	SPY
High	429.85	488.77
Low	395.34	466.43
Close	425.83	485.39
Start Price	402.59	472.65
Gain %	5.77	2.70
Annualized Gain %	87.79	40.99
Annualized Volatility %	13.96	10.06
Max Drawdown %	-1.57	-1.14
Sharpe Ratio	6.83	4.49

The table provides an overview of the market performance metrics for the QQQ and SPY symbols over the 60-day period. The metrics indicate the following significant insights:

Gain %¶

The QQQ market has shown a gain of 5.77% over the 60-day period, compared to 2.70% gain in the SPY market. This indicates that the QQQ market outperformed the SPY market in terms of percentage gain during the specified period.

Annualized Gain %¶

The annualized gain % for QQQ is 87.79% as compared to 40.99% for SPY. This metric measures the average annual return on an investment over a given time period, providing an indication of the overall profitability of the investment.

Annualized Volatility %¶

The annualized volatility % for QQQ is 13.96% and 10.06% for SPY. This metric measures the level of risk associated with the market. A higher volatility signifies higher risk and potential return, and vice versa.

Max Drawdown %¶

The maximum drawdown, which measures the largest drop from a peak to a bottom in the value of a market portfolio, is -1.57 for QQQ and -1.14 for SPY. The lower max drawdown for SPY indicates a relatively lower risk in comparison to QQQ.

Sharpe Ratio¶

The Sharpe Ratio, which measures the risk-adjusted return of an investment, is 6.83 for QQQ and 4.49 for SPY. A higher Sharpe Ratio indicates a better risk-adjusted return.

Overall, the data suggests that QQQ has outperformed SPY in terms of gain % and annualized gain %, but SPY has shown lower volatility and drawdown, indicating relatively lower risk.

QQQ YTD Return (Daily)¶

Comment on YTD Total Returns Results of QQQ¶

Year-to-Date Performance¶

The YTD Open for QQQ was 405.84, reaching a YTD High of 429.85 and a YTD Low of 395.34. The YTD Close stands at 425.83, resulting in a YTD Gain of 5.77%. The YTD Annualized Gain is an impressive 87.79%, with a relatively low YTD Annualized Volatility of 13.96%. The YTD Max Drawdown is -1.57%, signifying a minimal risk of loss. The notable YTD Sharpe Ratio of 6.83 reflects the excellent risk-adjusted return.

Last Year's Performance¶

In the prior year, QQQ achieved an Annualized Gain of 55.91% with an Annualized Volatility of 17.88%. The Max Drawdown during the same period was -10.78%, and the Sharpe Ratio stood at 2.60, indicating a sound performance with acceptable risk.

Historical Annualized Metrics¶

Excluding the current year, the historical Annualized Volatility was 27.28%, with an Annualized Gain of 10.49%. The worst drawdown in the dataset, excluding the current year, was a significant -82.98%. The Average Sharpe Ratio for all years (excluding the last) was 0.38, demonstrating a generally lower risk-adjusted return.

Current Market Condition¶

The QQQ reported a Last Close of 425.83, with a Last 5 Days Gain of 3.73%. The Moving Average (MA) 200 is 365.96, the MA 50 is 399.20, and the MA 5 is 421.04. The average annualized volatility is 14.34%, slightly higher than the average annualized volatility a month ago, which was 11.43%. The current close price is above both the MA 200 and MA 50, indicating a bullish trend. However, it's closer to the MA 5, which might suggest a potential short-term correction in the near future if the trend continues. Overall, the QQQ has shown strong performance with a high Sharpe Ratio, implying good risk-adjusted returns. The recent rapid increase in price, accompanied by a greater average annualized volatility, might pose a more volatile near-term investment. Investors should closely monitor the market for potential fluctuations.

QQQ Annual Dividends¶

Year	Annual Dividend	Dividend Yield
2023	$2.54	0.62%
2022	$2.14	0.78%
2021	$1.7	0.44%
2020	$1.74	0.56%
2019	$1.58	0.75%

QQQ Montly Dividends¶

Year	Feb	Mar	Jun	Sep	Dec
2023	0.0	$0.47	$0.5	$0.54	$1.02
2022	0.0	$0.43	$0.53	$0.52	$0.66
2021	0.0	$0.39	$0.4	$0.41	$0.49
2020	0.0	$0.36	$0.42	$0.39	$0.56
2019	0.0	$0.32	$0.42	$0.38	$0.46
2018	0.0	$0.28	$0.38	$0.33	$0.42
2017	0.0	$0.27	$0.38	$0.32	$0.33
2016	0.0	$0.32	$0.29	$0.29	$0.35
2015	0.0	$0.25	$0.25	$0.26	$0.34
2014	$0.37	$0.21	$0.25	$0.24	$0.39
2013	0.0	$0.16	$0.22	$0.24	$0.27
2012	0.0	$0.11	$0.14	$0.2	$0.37
2011	0.0	$0.08	$0.12	$0.1	$0.21
2010	0.0	$0.05	$0.18	$0.11	$0.11
2009	0.0	$0.05	$0.04	$0.04	$0.07
2008	0.0	$0.03	$0.03	$0.03	$0.04
2007	0.0	$0.03	$0.04	$0.03	$0.05
2006	0.0	$0.03	$0.03	$0.02	$0.05
2005	0.0	0.0	$0.04	0.0	$0.1
2004	0.0	0.0	0.0	0.0	$0.38
2003	0.0	0.0	0.0	0.0	$0.01

Published: 2024-01-25

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