MGNI vs. QQQ

In the year-to-date period, MGNI achieves a 1.95% return, which is significantly higher than QQQ's 1.85% return. Over the past 10 years, MGNI has underperformed QQQ with an annualized return of -0.53%, while QQQ has yielded a comparatively higher 17.67% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Magnite, Inc. (MGNI) 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.

The current MGNI Sharpe Ratio is 0.53, which is comparable to the QQQ Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of MGNI and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

MGNI has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.57%.

The maximum MGNI drawdown since its inception was -93.30%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MGNI and QQQ.

Magnite, Inc. (MGNI) has a higher volatility of 21.65% compared to Invesco QQQ (QQQ) at 5.60%. This indicates that MGNI's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.