MGRC vs. QQQ
Compare and contrast key facts about McGrath RentCorp (MGRC) 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: MGRC or QQQ.
Key characteristics
| MGRC | QQQ | |
|---|---|---|
| YTD Return | -8.51% | 4.29% |
| 1Y Return | 25.51% | 38.51% |
| 3Y Return (Ann) | 12.16% | 8.61% |
| 5Y Return (Ann) | 14.52% | 18.32% |
| 10Y Return (Ann) | 16.03% | 18.35% |
| Sharpe Ratio | 1.05 | 2.19 |
| Daily Std Dev | 23.26% | 16.38% |
| Max Drawdown | -64.80% | -82.98% |
| Current Drawdown | -16.24% | -4.45% |
Correlation
The correlation between MGRC and QQQ is 0.40, 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
MGRC vs. QQQ - Performance Comparison
In the year-to-date period, MGRC achieves a -8.51% return, which is significantly lower than QQQ's 4.29% return. Over the past 10 years, MGRC has underperformed QQQ with an annualized return of 16.03%, while QQQ has yielded a comparatively higher 18.35% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MGRC vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for McGrath RentCorp (MGRC) 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
MGRC vs. QQQ - Dividend Comparison
MGRC's dividend yield for the trailing twelve months is around 1.72%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGRC McGrath RentCorp | 1.72% | 1.55% | 1.82% | 2.15% | 2.44% | 1.91% | 2.49% | 2.20% | 2.59% | 3.95% | 2.72% | 2.40% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
MGRC vs. QQQ - Drawdown Comparison
The maximum MGRC drawdown since its inception was -64.80%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MGRC and QQQ. For additional features, visit the drawdowns tool.
Volatility
MGRC vs. QQQ - Volatility Comparison
The current volatility for McGrath RentCorp (MGRC) is 4.30%, while Invesco QQQ (QQQ) has a volatility of 4.84%. This indicates that MGRC 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.