MAW120.TO vs. QQQ
Compare and contrast key facts about Mawer Global Equity Fund A (MAW120.TO) and Invesco QQQ ETF (QQQ).
MAW120.TO is managed by Mawer. It was launched on Oct 22, 2009. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
MAW120.TO vs. QQQ - Performance Comparison
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MAW120.TO vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAW120.TO Mawer Global Equity Fund A | -3.73% | -5.87% | 10.26% | 16.42% | -11.46% | 19.22% | 9.64% | 19.81% | 2.99% | 6.59% |
QQQ Invesco QQQ ETF | -3.56% | 15.23% | 36.37% | 51.45% | -27.77% | 26.27% | 46.11% | 32.13% | 8.34% | 10.43% |
Different Trading Currencies
MAW120.TO is traded in CAD, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MAW120.TO achieves a -3.73% return, which is significantly higher than QQQ's -4.65% return.
MAW120.TO
- 1D
- 0.84%
- 1M
- -4.45%
- YTD
- -3.73%
- 6M
- -7.95%
- 1Y
- -7.11%
- 3Y*
- 3.25%
- 5Y*
- 3.79%
- 10Y*
- —
QQQ
- 1D
- 0.00%
- 1M
- -3.34%
- YTD
- -4.65%
- 6M
- -4.27%
- 1Y
- 19.30%
- 3Y*
- 23.49%
- 5Y*
- 15.23%
- 10Y*
- 19.64%
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MAW120.TO vs. QQQ - Expense Ratio Comparison
MAW120.TO has a 1.29% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
MAW120.TO vs. QQQ — Risk / Return Rank
MAW120.TO
QQQ
MAW120.TO vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mawer Global Equity Fund A (MAW120.TO) and Invesco QQQ ETF (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.
| MAW120.TO | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.70 | 0.87 | -1.57 |
Sortino ratioReturn per unit of downside risk | -0.85 | 1.34 | -2.19 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.20 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.57 | -2.35 |
Martin ratioReturn relative to average drawdown | -1.83 | 4.56 | -6.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAW120.TO | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | 0.87 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.74 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.09 | -0.56 |
Correlation
The correlation between MAW120.TO and QQQ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MAW120.TO vs. QQQ - Dividend Comparison
MAW120.TO has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.48%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAW120.TO Mawer Global Equity Fund A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
MAW120.TO vs. QQQ - Drawdown Comparison
The maximum MAW120.TO drawdown since its inception was -25.02%, smaller than the maximum QQQ drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for MAW120.TO and QQQ.
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Drawdown Indicators
| MAW120.TO | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.02% | -82.97% | +57.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -12.62% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -35.12% | +14.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -13.19% | -7.86% | -5.33% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -32.99% | +28.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 3.44% | +1.07% |
Volatility
MAW120.TO vs. QQQ - Volatility Comparison
The current volatility for Mawer Global Equity Fund A (MAW120.TO) is 3.48%, while Invesco QQQ ETF (QQQ) has a volatility of 6.32%. This indicates that MAW120.TO 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.
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Volatility by Period
| MAW120.TO | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 6.32% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 12.66% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 22.34% | -9.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.47% | 20.71% | -9.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.00% | 20.81% | -7.81% |