MFEIX vs. QQQM
Compare and contrast key facts about MFS Growth I (MFEIX) and Invesco NASDAQ 100 ETF (QQQM).
MFEIX is managed by MFS. It was launched on Jul 10, 1997. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MFEIX or QQQM.
Correlation
The correlation between MFEIX and QQQM is 0.96, 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. QQQM - Performance Comparison
Key characteristics
MFEIX:
-0.42
QQQM:
0.15
MFEIX:
-0.40
QQQM:
0.39
MFEIX:
0.94
QQQM:
1.05
MFEIX:
-0.36
QQQM:
0.16
MFEIX:
-1.05
QQQM:
0.60
MFEIX:
10.48%
QQQM:
6.24%
MFEIX:
26.32%
QQQM:
24.59%
MFEIX:
-74.67%
QQQM:
-35.05%
MFEIX:
-26.56%
QQQM:
-17.54%
Returns By Period
In the year-to-date period, MFEIX achieves a -13.81% return, which is significantly lower than QQQM's -12.97% return.
MFEIX
-13.81%
-7.75%
-21.07%
-9.45%
6.78%
9.13%
QQQM
-12.97%
-7.49%
-9.88%
5.59%
N/A
N/A
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MFEIX vs. QQQM - Expense Ratio Comparison
MFEIX has a 0.60% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
MFEIX vs. QQQM — Risk-Adjusted Performance Rank
MFEIX
QQQM
MFEIX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Growth I (MFEIX) and Invesco NASDAQ 100 ETF (QQQM). 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. QQQM - Dividend Comparison
MFEIX's dividend yield for the trailing twelve months is around 0.10%, less than QQQM's 0.68% 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% |
QQQM Invesco NASDAQ 100 ETF | 0.68% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MFEIX vs. QQQM - Drawdown Comparison
The maximum MFEIX drawdown since its inception was -74.67%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for MFEIX and QQQM. For additional features, visit the drawdowns tool.
Volatility
MFEIX vs. QQQM - Volatility Comparison
The current volatility for MFS Growth I (MFEIX) is 15.05%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 15.87%. This indicates that MFEIX experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.