MGEE vs. QQQ
MGEE (MGE Energy, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, MGEE returned 5.68%/yr vs 20.44%/yr for QQQ. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
MGEE vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, MGEE achieves a 2.65% return, which is significantly lower than QQQ's 12.26% return. Over the past 10 years, MGEE has underperformed QQQ with an annualized return of 5.68%, while QQQ has yielded a comparatively higher 20.44% annualized return.
MGEE
- 1D
- 0.04%
- 1M
- -5.58%
- 6M
- 0.77%
- YTD
- 2.65%
- 1Y
- -3.04%
- 3Y*
- 2.30%
- 5Y*
- 2.57%
- 10Y*
- 5.68%
- ALL TIME*
- 10.27%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MGEE MGE Energy, Inc. | $16.16M | $16.12M | $24.64M |
| $30.32B | $28.40B | $31.45B |
MGEE vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGEE MGE Energy, Inc. | 2.65% | -14.75% | 32.80% | 5.10% | -12.57% | 19.90% | -9.30% | 34.04% | -2.90% | -1.48% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between MGEE and QQQ is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.38 |
The correlation between MGEE and QQQ shifts across timeframes, from -0.14 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MGEE vs. QQQ — Risk / Return Rank
MGEE
QQQ
MGEE vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MGE Energy, Inc. (MGEE) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MGEE | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.21 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.88 | -2.14 |
| Martin ratioReturn relative to average drawdown | -0.53 | 6.00 | -6.53 |
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Drawdowns
MGEE vs. QQQ - Drawdown Comparison
The maximum MGEE drawdown since its inception was -33.91%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for MGEE and QQQ.
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Drawdown Indicators
| MGEE | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -82.97% | +49.06% |
Max Drawdown (1Y)Largest decline over 1 year | -16.00% | -11.96% | -4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -30.88% | -22.77% | -8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -30.88% | -35.12% | +4.24% |
Max Drawdown (10Y)Largest decline over 10 years | -33.91% | -35.12% | +1.21% |
Current DrawdownCurrent decline from peak | -23.65% | -7.69% | -15.96% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -32.62% | +24.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | 3.74% | +4.07% |
Volatility
MGEE vs. QQQ - Volatility Comparison
The current volatility for MGE Energy, Inc. (MGEE) is 6.45%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. 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.
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Volatility by Period
| MGEE | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 6.87% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 16.08% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 19.38% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.37% | 22.90% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.49% | 22.50% | +4.99% |
Dividends
MGEE vs. QQQ - Dividend Comparison
MGEE's dividend yield for the trailing twelve months is around 2.39%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGEE MGE Energy, Inc. | 2.39% | 2.36% | 1.87% | 2.31% | 2.26% | 1.84% | 2.06% | 1.75% | 2.20% | 2.00% | 1.85% | 2.49% |
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
MGEE and QQQ have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (6.87%) compared to MGEE (6.45%). In terms of maximum drawdown, MGEE dropped -33.91% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.16 vs -0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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