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ETF Comparisons

SPYD vs. QQQJ

SPDR Portfolio S&P 500 High Dividend ETF

SPYD
$--
vs

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

QQQJ
$--

Correlation

0.83

Compare with

Top 10 comparisons with SPYD:
Compare:
SPYD
Correlation
With:
QQQJ
Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF
0.83
SwitchSPHDInvesco Capital Management LLC - Invesco S&P 500 High Dividend Low Volatility ETF0.98CDLVictory Portfolios II - VictoryShares US Large Cap High Div Volatility Wtd ETF0.97DVYBlackRock Institutional Trust Company N.A. - iShares Select Dividend ETF0.97SDOGALPS Advisors Inc - ALPS Sector Dividend Dogs ETF0.97ONEYSPDR Series Trust - SPDR Russell 1000 Yield Focus ETF0.97FTAFirst Trust Exchange-Traded Fund III - First Trust Large Capital Value AlphaDEX Fund0.97VOEVanguard Group, Inc. - Vanguard Mid-Cap Value ETF0.97IMCVBlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF0.96IWSBlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF0.96RDIVInvesco Exchange-Traded Fund Trust II - Invesco S&P Ultra Dividend Revenue ETF0.95

Top 10 shared holdings

The top 10 holdings shared by SPYD and QQQJ:

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

What is SPYD?

The SPDR Portfolio S&P 500 High Dividend ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 High Dividend Index (the "Index"). The S&P 500 High Dividend Index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500 Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). To determine dividend yield: (i) an indicated dividend is measured by taking the latest dividend paid (excluding special payments) multiplied by the annual frequency of the payment; and (ii) the indicated dividend is then divided by the companys share price at the date of rebalancing.

Snapshot
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SPYD SPDR Portfolio S&P 500 High Dividend ETF
QQQJ Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF
Inception date
Oct 21 2015
Oct 13 2020
Expense ratio
0.07%
0.15%
SPYD has a lower expense ratio than QQQJ by 0.07%. This can indicate that it’s cheaper to invest in SPYD than QQQJ.
Type
US Equities
US Equities
SPYD targets investing in US Equities, while QQQJ targets investing in US Equities.
Fund owner
State Street (SPDR)
Invesco
SPYD is managed by State Street (SPDR), while QQQJ is managed by Invesco.
Volume (1m avg. daily)
$31,341,265
$1,918,273
SPYD 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
$6,188,814,848
$653,701,993
SPYD has more assets under management than QQQJ by $5,535,112,855. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 High Dividend Index
NASDAQ Next Generation 100 Index
SPYD is based off of the S&P 500 High Dividend Index, while QQQJ is based off of the NASDAQ Next Generation 100 Index
Inverse/Leveraged
No
No
SPYD 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
SPYD 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
Yes
No
SPYD may offer dividends, while QQQJ does not. The frequency and yield of the dividend for SPYD may vary.
Prospectus
View
View
Neither SPYD nor QQQJ require a K1.
SPYD 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 toSPYD

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

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.

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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.