IQSM vs SPY
Comparison between NYLI CANDRIAM U.S. MID CAP EQUITY ETF (IQSM, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
IQSM vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IQSM
$315M
Winner
SPY
$735B
Expense Ratio
IQSM
0.15%
Winner
SPY
0.09%
Max Drawdown
Winner
IQSM
24.17%
SPY
56.47%
Sharpe Ratio
IQSM
1.10
Winner
SPY
1.62
5Y Beta
Winner
IQSM
0.96
SPY
1.00
P/E Ratio
IQSM
29.93
Winner
SPY
28.99
Forward P/E
Winner
IQSM
17.14
SPY
22.37
5Y Dividends CAGR
IQSM
N/A
SPY
5.43%
5Y EPS CAGR
IQSM
10.37%
Winner
SPY
26.05%
Debt to Equity
Winner
IQSM
19.46%
SPY
32.40%
P/S Ratio
Winner
IQSM
1.69
SPY
3.74
P/B Ratio
Winner
IQSM
2.88
SPY
5.61
IQSM vs SPY - Holdings Comparison
IQSM and SPY have 53 common holdings. Overlap is 0.95%
IQSM's top 25 holdings weight is 22.81%. SPY's top 25 holdings weight is 52.37%.
| Rank | IQSM | SPY |
|---|---|---|
| #1 | TECHNIPFMC PLC (n/a) - 1.20% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | REVOLUTION MEDICINES INC ORDINARY SHARES (RVMD) - 1.15% | APPLE INC (AAPL) - 7.02% |
| #3 | NVENT ELECTRIC PLC (NVT) - 1.14% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 1.11% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | FABRINET (FN) - 1.09% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | TWILIO INC CLASS A (TWLO) - 1.09% | BROADCOM INC (AVGO) - 3.10% |
| #7 | MASTEC INC (MTZ) - 1.05% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | UNITED THERAPEUTICS CORP (UTHR) - 1.04% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | XPO INC (XPO) - 1.02% | TESLA INC (TSLA) - 1.89% |
| #10 | STERLING INFRASTRUCTURE INC (STRL) - 0.98% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | F5 INC (FFIV) - 0.93% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | MKS INC (MKSI) - 0.91% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | AKAMAI TECHNOLOGIES INC (AKAM) - 0.89% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | LATTICE SEMICONDUCTOR CORP (LSCC) - 0.89% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | ALBEMARLE CORP (ALB) - 0.85% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | C.H. ROBINSON WORLDWIDE INC (CHRW) - 0.83% | INTEL CORP (INTC) - 0.90% |
| #17 | BURLINGTON STORES INC (BURL) - 0.83% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | ALCOA CORP (AA) - 0.80% | VISA INC CLASS A (V) - 0.85% |
| #19 | NEXTPOWER INC CLASS A (NXT) - 0.80% | WALMART INC (WMT) - 0.81% |
| #20 | ITT INC (ITT) - 0.72% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | US FOODS HOLDING CORP (USFD) - 0.72% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | TD SYNNEX CORP (SNX) - 0.70% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | EAST WEST BANCORP INC (EWBC) - 0.70% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | RAMBUS INC (RMBS) - 0.69% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | WESCO INTERNATIONAL INC (WCC) - 0.68% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 242 | 505 |
IQSM vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
IQSM
+1.61%
Winner
SPY
+1.90%
3M
IQSM
+5.97%
Winner
SPY
+8.55%
6M
Winner
IQSM
+10.21%
SPY
+8.18%
1Y
IQSM
+21.34%
Winner
SPY
+25.79%
5Y(CAGR)
IQSM
N/A
SPY
+13.32%
10Y(CAGR)
IQSM
N/A
SPY
+15.19%
Max(CAGR)
Winner
IQSM
+12.67%
SPY
+8.47%
IQSM vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IQSM | SPY |
|---|---|---|
| 2026 | +9.07% | +8.26% |
| 2025 | +8.28% | +18.00% |
| 2024 | +9.92% | +25.59% |
| 2023 | +16.04% | +26.72% |
| 2022 | +2.29% | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
IQSM vs SPY Drawdown Comparison
The maximum drawdown for IQSM was -23.66%, occurring on Apr 8, 2025. Recovery took 260 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IQSM drawdown is -1.98%. The current SPY drawdown is -2.90%.
| Rank | IQSM | SPY |
|---|---|---|
| #1 | -23.66% Nov 25, 2024 - Dec 10, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -16.38% Feb 2, 2023 - Dec 14, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -8.86% Feb 26, 2026 - Apr 17, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -8.29% Mar 28, 2024 - Aug 30, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -6.87% Dec 2, 2022 - Jan 11, 2023 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -4.24% Aug 30, 2024 - Sep 17, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -3.98% Dec 28, 2023 - Feb 9, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -3.89% Nov 1, 2022 - Nov 10, 2022 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.50% May 6, 2026 - May 26, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.46% Nov 11, 2024 - Nov 22, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.80% Apr 20, 2026 - May 6, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.67% Oct 18, 2024 - Nov 6, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.64% Feb 10, 2026 - Feb 26, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.59% Jan 13, 2023 - Jan 23, 2023 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.33% Jan 21, 2026 - Feb 6, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IQSM and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
IQSM vs SPY dividend yield comparison.
| Year | IQSM | SPY |
|---|---|---|
| 2026 | 0.21% | 0.24% |
| 2025 | 1.18% | 1.07% |
| 2024 | 1.22% | 1.21% |
| 2023 | 1.11% | 1.40% |
| 2022 | 0.32% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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