MFEIX vs. QQQ
Compare and contrast key facts about MFS Growth I (MFEIX) and Invesco QQQ (QQQ).
MFEIX is managed by MFS. It was launched on Jul 10, 1997. 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: MFEIX or QQQ.
Correlation
The correlation between MFEIX and QQQ is 0.91, 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
MFEIX vs. QQQ - Performance Comparison
Key characteristics
MFEIX:
-0.42
QQQ:
0.15
MFEIX:
-0.40
QQQ:
0.38
MFEIX:
0.94
QQQ:
1.05
MFEIX:
-0.36
QQQ:
0.16
MFEIX:
-1.05
QQQ:
0.58
MFEIX:
10.48%
QQQ:
6.25%
MFEIX:
26.32%
QQQ:
24.88%
MFEIX:
-74.67%
QQQ:
-82.98%
MFEIX:
-26.56%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, MFEIX achieves a -13.81% return, which is significantly lower than QQQ's -13.00% return. Over the past 10 years, MFEIX has underperformed QQQ with an annualized return of 9.13%, while QQQ has yielded a comparatively higher 16.13% annualized return.
MFEIX
-13.81%
-7.75%
-21.07%
-9.45%
6.78%
9.13%
QQQ
-13.00%
-7.51%
-9.91%
5.53%
16.35%
16.13%
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MFEIX vs. QQQ - Expense Ratio Comparison
MFEIX has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
MFEIX vs. QQQ — Risk-Adjusted Performance Rank
MFEIX
QQQ
MFEIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Growth I (MFEIX) 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
MFEIX vs. QQQ - Dividend Comparison
MFEIX's dividend yield for the trailing twelve months is around 0.10%, less than QQQ's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFEIX MFS Growth I | 0.10% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 2.50% | 0.02% | 0.22% | 3.90% |
QQQ Invesco QQQ | 0.67% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
MFEIX vs. QQQ - Drawdown Comparison
The maximum MFEIX drawdown since its inception was -74.67%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MFEIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
MFEIX vs. QQQ - Volatility Comparison
The current volatility for MFS Growth I (MFEIX) is 15.05%, while Invesco QQQ (QQQ) has a volatility of 16.19%. This indicates that MFEIX 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.