MAGSX vs. QQQ
Compare and contrast key facts about Madison Aggressive Allocation Fund (MAGSX) and Invesco QQQ (QQQ).
MAGSX is managed by Madison Funds. It was launched on Jun 29, 2006. 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: MAGSX or QQQ.
Performance
MAGSX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, MAGSX achieves a 11.87% return, which is significantly lower than QQQ's 24.04% return. Over the past 10 years, MAGSX has underperformed QQQ with an annualized return of 5.92%, while QQQ has yielded a comparatively higher 18.03% annualized return.
MAGSX
11.87%
1.42%
5.74%
16.44%
5.42%
5.92%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| MAGSX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.00 | 1.76 |
| Sortino Ratio | 2.84 | 2.35 |
| Omega Ratio | 1.36 | 1.32 |
| Calmar Ratio | 1.84 | 2.25 |
| Martin Ratio | 12.45 | 8.18 |
| Ulcer Index | 1.32% | 3.74% |
| Daily Std Dev | 8.24% | 17.36% |
| Max Drawdown | -56.42% | -82.98% |
| Current Drawdown | -0.49% | -1.62% |
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MAGSX vs. QQQ - Expense Ratio Comparison
MAGSX has a 0.71% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between MAGSX and QQQ is 0.84, 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
MAGSX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Aggressive Allocation Fund (MAGSX) 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
MAGSX vs. QQQ - Dividend Comparison
MAGSX's dividend yield for the trailing twelve months is around 1.69%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGSX Madison Aggressive Allocation Fund | 1.69% | 1.89% | 1.26% | 2.89% | 0.77% | 1.33% | 1.37% | 1.22% | 1.15% | 0.95% | 1.68% | 0.34% |
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
MAGSX vs. QQQ - Drawdown Comparison
The maximum MAGSX drawdown since its inception was -56.42%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MAGSX and QQQ. For additional features, visit the drawdowns tool.
Volatility
MAGSX vs. QQQ - Volatility Comparison
The current volatility for Madison Aggressive Allocation Fund (MAGSX) is 2.33%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that MAGSX 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.