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ETF Comparisons

SPLG vs. QQQJ

SPDR Portfolio S&P 500 ETF

SPLG
$--
vs

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF

QQQJ
$--

Correlation

0.92

Compare with

Top 10 comparisons with SPLG:
Compare:
SPLG
Correlation
With:
QQQJ
Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF
0.92
SwitchSPYSSgA Active Trust - SPDR S&P 500 ETF Trust1.00IVVBlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF1.00SSOProShares Trust - ProShares Ultra S&P500 2x Shares1.00SPXLDirexion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares1.00UPROProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares1.00VOOVanguard Group, Inc. - Vanguard S&P 500 ETF1.00SCHXSchwab Strategic Trust - Schwab U.S. Large-Cap ETF1.00VVVanguard Group, Inc. - Vanguard Large Cap ETF1.00ESGUiShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF1.00IWBBlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF1.00

Top 10 shared holdings

The top 10 holdings shared by SPLG and QQQJ:

There are no shared holdings.
Invest with SPLG
Learn more about QQQJ
SPLGSPDR Portfolio S&P 500 ETF
QQQJInvesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF

What is SPLG?

The SPDR Portfolio S&P 500 ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Index (the "Index"). The S&P 500 Index is composed of five hundred (500) selected stocks, all of which are listed on national stock exchanges and spans over approximately 24 separate industry groups.

Snapshot
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SPLG SPDR Portfolio S&P 500 ETF
QQQJ Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF
Inception date
Nov 08 2005
Oct 13 2020
Expense ratio
0.02%
0.15%
SPLG has a lower expense ratio than QQQJ by 0.13%. This can indicate that it’s cheaper to invest in SPLG than QQQJ.
Type
US Equities
US Equities
SPLG targets investing in US Equities, while QQQJ targets investing in US Equities.
Fund owner
State Street (SPDR)
Invesco
SPLG is managed by State Street (SPDR), while QQQJ is managed by Invesco.
Volume (1m avg. daily)
$153,285,985
$1,918,273
SPLG is considered a high-volume asset, while ETF2 is low-volume. Low-volume assets will suffer from poor execution price – you can find a high-volume alternative ETF in QQQJ’s related ETFs section.
AUM
$19,439,639,569
$653,701,993
SPLG has more assets under management than QQQJ by $18,785,937,576. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Index
NASDAQ Next Generation 100 Index
SPLG is based off of the S&P 500 Index, while QQQJ is based off of the NASDAQ Next Generation 100 Index
Inverse/Leveraged
No
No
SPLG and QQQJ use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
SPLG and QQQJ both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
SPLG and QQQJ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither SPLG nor QQQJ require a K1.
SPLG and QQQJ’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toSPLG

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Automated Strategies
Related toQQQJ

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic
trading strategy

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.