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SPY vs QQQ comparison

SPY vs QQQ performance comment

Market Performance Metrics Overview

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

The table provides an overview of the performance metrics for the SPY and QQQ markets over the 60-day period. The selected metrics offer insights into the comparative performance and risk profiles of the two markets.

Commentary on Selected Metrics

  • Start Price: QQQ had a lower start price compared to SPY, indicating a potentially higher return on investment for QQQ.
  • Gain %: QQQ outperformed SPY in terms of gain percentage, indicating higher returns over the 60-day period.
  • Annualized Gain %: Both markets demonstrated impressive annualized gain percentages, with QQQ significantly outperforming SPY in this metric.
  • Annualized Volatility %: QQQ exhibited higher volatility compared to SPY, indicating potentially higher risk but also higher potential returns.
  • Max Drawdown %: Both markets experienced minimal drawdowns, with QQQ showing a slightly higher drawdown compared to SPY.
  • Sharpe Ratio: QQQ's higher Sharpe Ratio signifies a better risk-adjusted return compared to SPY, indicating that QQQ may offer a more efficient allocation of capital for investors.

Overall, QQQ demonstrated superior performance metrics compared to SPY, with higher annualized gain, volatility, and Sharpe Ratio. However, the higher volatility and drawdown in QQQ also imply higher potential risk. Investors seeking high returns may favor QQQ, while those prioritizing stability may prefer SPY.

SPY YTD Return (Daily)

Comment on YTD Total Returns Results of SPY

Historical Performance

The YTD Gain % for SPY is 2.70%, with an annualized gain of 40.99% and an annualized volatility of 10.06%. The max drawdown for the year is -1.14%. The Sharpe Ratio for the year is 4.49, indicating a high level of risk-adjusted return. Looking at the previous year, the annualized gain was 26.71%, with an annualized volatility of 13.09% and a max drawdown of -9.97%.

Historical Risk Metrics

The historical annualized volatility for SPY (excluding the current year) stands at 19.61%. The historical annualized gain (excluding the current year) is 8.71%. The max drawdown in the dataset (excluding the current year) is -55.19%. The average Sharpe Ratio for years excluding the last is 0.44.

Current Market Conditions

The SPY's last close was at 485.39, with a 5-day gain of 2.40%. The moving averages are as follows: MA 200 - 437.68, MA 50 - 464.76, and MA 5 - 482.52. The average annualized volatility is 9.22%, while it was 9.35% a month ago.

Commentary

The YTD performance for SPY has shown strong gains, with a high Sharpe Ratio indicating favorable risk-adjusted returns. The current market conditions, with the last close above both the MA 50 and MA 200, suggest that the market is currently in an uptrend. However, investors should remain cautious as the historical annualized volatility is lower, indicating lower risk compared to the past. If this trend sustains, the market could continue its upward trajectory.

SPY Annual Dividends

Year Annual Dividend Dividend Yield
2023 $6.63 1.41%
2022 $6.32 1.62%
2021 $5.72 1.23%
2020 $5.69 1.53%
2019 $5.62 1.75%

SPY Montly Dividends

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2023 0.0 0.0 $1.51 0.0 0.0 $1.64 0.0 0.0 $1.58 0.0 0.0 $1.91
2022 0.0 0.0 $1.37 0.0 0.0 $1.58 0.0 0.0 $1.6 0.0 0.0 $1.78
2021 0.0 0.0 $1.28 0.0 0.0 $1.38 0.0 0.0 $1.43 0.0 0.0 $1.64
2020 0.0 0.0 $1.41 0.0 0.0 $1.37 0.0 0.0 $1.34 0.0 0.0 $1.58
2019 0.0 0.0 $1.23 0.0 0.0 $1.43 0.0 0.0 $1.38 0.0 0.0 $1.57
2018 0.0 0.0 $1.1 0.0 0.0 $1.25 0.0 0.0 $1.32 0.0 0.0 $1.44
2017 0.0 0.0 $1.03 0.0 0.0 $1.18 0.0 0.0 $1.23 0.0 0.0 $1.35
2016 0.0 0.0 $1.05 0.0 0.0 $1.08 0.0 0.0 $1.08 0.0 0.0 $1.33
2015 0.0 0.0 $0.93 0.0 0.0 $1.03 0.0 0.0 $1.03 0.0 0.0 $1.21
2014 0.0 0.0 $0.82 0.0 0.0 $0.94 0.0 0.0 $0.94 0.0 0.0 $1.13
2013 0.0 0.0 $0.69 0.0 0.0 $0.84 0.0 0.0 $0.84 0.0 0.0 $0.98
2012 0.0 0.0 $0.61 0.0 0.0 $0.69 0.0 0.0 $0.78 0.0 0.0 $1.02
2011 0.0 0.0 $0.55 0.0 0.0 $0.63 0.0 0.0 $0.62 0.0 0.0 $0.77
2010 0.0 0.0 $0.48 0.0 0.0 $0.53 0.0 0.0 $0.6 0.0 0.0 $0.65
2009 0.0 0.0 $0.56 0.0 0.0 $0.52 0.0 0.0 $0.51 0.0 0.0 $0.59
2008 0.0 0.0 $0.64 0.0 0.0 $0.67 0.0 0.0 $0.69 0.0 0.0 $0.72
2007 0.0 0.0 $0.55 0.0 0.0 $0.66 0.0 0.0 $0.72 0.0 0.0 $0.78
2006 0.0 0.0 $0.52 0.0 0.0 $0.56 0.0 0.0 $0.58 0.0 0.0 $0.79
2005 0.0 0.0 $0.47 0.0 0.0 $0.49 0.0 0.0 $0.52 0.0 0.0 $0.67
2004 0.0 0.0 $0.39 0.0 0.0 $0.41 0.0 0.0 $0.47 0.0 $0.35 $0.57
2003 0.0 0.0 $0.35 0.0 0.0 $0.36 0.0 0.0 $0.4 0.0 0.0 $0.52
2002 0.0 0.0 $0.33 0.0 0.0 $0.35 0.0 0.0 $0.38 0.0 0.0 $0.44
2001 0.0 0.0 $0.32 0.0 0.0 $0.35 0.0 0.0 $0.37 0.0 0.0 $0.39
2000 0.0 0.0 $0.37 0.0 0.0 $0.35 0.0 0.0 $0.38 0.0 0.0 $0.82

Published: 2024-01-25

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