SPY vs. SQQQ

SPDR S&P 500 ETF Trust

SPY

$--

ProShares UltraPro Short QQQ

SQQQ

$--

Correlation

-0.94

Learn more about SPY

Learn more about SQQQ

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Top 10 comparisons with SPY:

Top 10 shared holdings

The top 10 holdings shared by SPY and SQQQ:

There are no shared holdings.

Invest with SPY

Learn more about SQQQ

SPYSPDR S&P 500 ETF Trust

SQQQProShares UltraPro Short QQQ

What is SPY?

The SPDR S&P 500 ETF is a fund that before expenses generally corresponds to the price and yield performance of the S&P 500 Index.

Snapshot
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SPY SPDR S&P 500 ETF Trust

SQQQ ProShares UltraPro Short QQQ

Inception date

Jan 22 1993

Feb 09 2010

Expense ratio

0.09%

0.95%

SPY has a lower expense ratio than SQQQ by 0.86%. This can indicate that it’s cheaper to invest in SPY than SQQQ.

Type

US Equities

SPY targets investing in US Equities, while SQQQ targets investing in US Equities.

Fund owner

State Street (SPDR)

ProShares

SPY is managed by State Street (SPDR), while SQQQ is managed by ProShares.

Volume (1m avg. daily)

$33,257,618,740

$2,217,551,125

Both SPY and SQQQ are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.

AUM

$400,404,126,565

$4,455,851,279

SPY has more assets under management than SQQQ by $395,948,275,286. Higher AUM can be associated with better liquidity and lower slippage in trading.

Associated index

S&P 500 Index

Nasdaq 100 Index

SPY is based off of the S&P 500 Index, while SQQQ is based off of the Nasdaq 100 Index

Inverse/Leveraged

Inverse (-3x)

SPY uses undefined, while SQQQ uses Inverse (-3x). Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.

Passive/Active

Passive

SPY and SQQQ 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

SPY and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.

Prospectus

View

SPY may issue a K1, while SQQQ does not. You can find non-K1 alternatives for SPY in its “Related ETFs” section.

When ETFs are inversely correlated, they can be used in actively traded strategies (multiple trades per week) to take positions in opposing directions. For example, if you believe SPY is going to fall, it would make sense to invest in SQQQ, as based on historical data, when SPY decreases in value, SQQQ tends to increase in value.

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Disclaimers

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.