MAEGX vs. QQQ
Compare and contrast key facts about BlackRock Unconstrained Equity Fund (MAEGX) and Invesco QQQ (QQQ).
MAEGX is managed by Blackrock. It was launched on Nov 3, 2005. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAEGX or QQQ.
Performance
MAEGX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, MAEGX achieves a 9.01% return, which is significantly lower than QQQ's 24.04% return. Over the past 10 years, MAEGX has underperformed QQQ with an annualized return of -0.26%, while QQQ has yielded a comparatively higher 18.03% annualized return.
MAEGX
9.01%
1.58%
-0.77%
14.56%
-0.68%
-0.26%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| MAEGX | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.95 | 1.76 |
| Sortino Ratio | 1.42 | 2.35 |
| Omega Ratio | 1.18 | 1.32 |
| Calmar Ratio | 0.50 | 2.25 |
| Martin Ratio | 4.16 | 8.18 |
| Ulcer Index | 3.50% | 3.74% |
| Daily Std Dev | 15.28% | 17.36% |
| Max Drawdown | -51.97% | -82.98% |
| Current Drawdown | -18.04% | -1.62% |
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MAEGX vs. QQQ - Expense Ratio Comparison
MAEGX has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between MAEGX and QQQ is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
MAEGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Unconstrained Equity Fund (MAEGX) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
MAEGX vs. QQQ - Dividend Comparison
MAEGX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAEGX BlackRock Unconstrained Equity Fund | 0.00% | 0.00% | 0.00% | 0.57% | 0.26% | 0.84% | 0.89% | 0.61% | 0.93% | 1.08% | 1.46% | 1.27% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
MAEGX vs. QQQ - Drawdown Comparison
The maximum MAEGX drawdown since its inception was -51.97%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MAEGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
MAEGX vs. QQQ - Volatility Comparison
The current volatility for BlackRock Unconstrained Equity Fund (MAEGX) is 3.83%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that MAEGX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.