MGEE vs. QQQ
Compare and contrast key facts about MGE Energy, Inc. (MGEE) and Invesco QQQ (QQQ).
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: MGEE or QQQ.
Correlation
The correlation between MGEE and QQQ is 0.47, 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.
Performance
MGEE vs. QQQ - Performance Comparison
Key characteristics
MGEE:
0.76
QQQ:
0.63
MGEE:
1.22
QQQ:
1.04
MGEE:
1.15
QQQ:
1.15
MGEE:
0.85
QQQ:
0.70
MGEE:
1.76
QQQ:
2.34
MGEE:
9.87%
QQQ:
6.84%
MGEE:
23.05%
QQQ:
25.17%
MGEE:
-38.18%
QQQ:
-82.98%
MGEE:
-15.20%
QQQ:
-9.80%
Returns By Period
In the year-to-date period, MGEE achieves a -2.80% return, which is significantly higher than QQQ's -4.81% return. Over the past 10 years, MGEE has underperformed QQQ with an annualized return of 11.11%, while QQQ has yielded a comparatively higher 17.12% annualized return.
MGEE
-2.80%
2.10%
2.95%
16.02%
11.19%
11.11%
QQQ
-4.81%
14.97%
0.29%
12.27%
18.10%
17.12%
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Risk-Adjusted Performance
MGEE vs. QQQ — Risk-Adjusted Performance Rank
MGEE
QQQ
MGEE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MGE Energy, Inc. (MGEE) 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
MGEE vs. QQQ - Dividend Comparison
MGEE's dividend yield for the trailing twelve months is around 1.96%, more than QQQ's 0.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGEE MGE Energy, Inc. | 1.96% | 1.87% | 2.32% | 2.27% | 1.85% | 2.06% | 1.75% | 2.20% | 2.00% | 1.85% | 2.49% | 2.43% |
QQQ Invesco QQQ | 0.62% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
MGEE vs. QQQ - Drawdown Comparison
The maximum MGEE drawdown since its inception was -38.18%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MGEE and QQQ. For additional features, visit the drawdowns tool.
Volatility
MGEE vs. QQQ - Volatility Comparison
The current volatility for MGE Energy, Inc. (MGEE) is 6.56%, while Invesco QQQ (QQQ) has a volatility of 15.67%. This indicates that MGEE 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.