MALOX vs. QQQ
Compare and contrast key facts about BlackRock Global Allocation Fund (MALOX) and Invesco QQQ (QQQ).
MALOX is managed by Blackrock. It was launched on Feb 2, 1989. 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: MALOX or QQQ.
Key characteristics
| MALOX | QQQ | |
|---|---|---|
| YTD Return | 7.70% | 26.02% |
| 1Y Return | 16.55% | 36.73% |
| 3Y Return (Ann) | -2.99% | 9.97% |
| 5Y Return (Ann) | 1.24% | 21.44% |
| 10Y Return (Ann) | 0.17% | 18.42% |
| Sharpe Ratio | 1.79 | 2.28 |
| Sortino Ratio | 2.37 | 2.98 |
| Omega Ratio | 1.35 | 1.41 |
| Calmar Ratio | 0.70 | 2.94 |
| Martin Ratio | 6.67 | 10.71 |
| Ulcer Index | 2.60% | 3.72% |
| Daily Std Dev | 9.68% | 17.35% |
| Max Drawdown | -34.53% | -82.98% |
| Current Drawdown | -12.32% | -0.06% |
Correlation
The correlation between MALOX and QQQ is 0.72, 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.
Performance
MALOX vs. QQQ - Performance Comparison
In the year-to-date period, MALOX achieves a 7.70% return, which is significantly lower than QQQ's 26.02% return. Over the past 10 years, MALOX has underperformed QQQ with an annualized return of 0.17%, while QQQ has yielded a comparatively higher 18.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MALOX vs. QQQ - Expense Ratio Comparison
MALOX has a 0.81% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
MALOX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Allocation Fund (MALOX) 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
MALOX vs. QQQ - Dividend Comparison
MALOX's dividend yield for the trailing twelve months is around 1.02%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MALOX BlackRock Global Allocation Fund | 1.02% | 1.55% | 0.00% | 1.29% | 0.66% | 1.39% | 0.94% | 1.25% | 1.28% | 1.37% | 2.64% | 1.47% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
MALOX vs. QQQ - Drawdown Comparison
The maximum MALOX drawdown since its inception was -34.53%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MALOX and QQQ. For additional features, visit the drawdowns tool.
Volatility
MALOX vs. QQQ - Volatility Comparison
The current volatility for BlackRock Global Allocation Fund (MALOX) is 2.41%, while Invesco QQQ (QQQ) has a volatility of 5.18%. This indicates that MALOX 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.