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MGY vs. QQQM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MGY and QQQM is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

MGY vs. QQQM

Last updated May 31, 2025

Compare and contrast key facts about Magnolia Oil & Gas Corporation (MGY) and Invesco NASDAQ 100 ETF (QQQM).

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: MGY or QQQM.

Performance

MGY vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Magnolia Oil & Gas Corporation (MGY) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

MGY:

-0.36

QQQM:

0.63

Sortino Ratio

MGY:

-0.24

QQQM:

0.93

Omega Ratio

MGY:

0.97

QQQM:

1.13

Calmar Ratio

MGY:

-0.42

QQQM:

0.60

Martin Ratio

MGY:

-0.94

QQQM:

1.95

Ulcer Index

MGY:

14.20%

QQQM:

7.01%

Daily Std Dev

MGY:

38.30%

QQQM:

25.29%

Max Drawdown

MGY:

-77.76%

QQQM:

-35.05%

Current Drawdown

MGY:

-24.32%

QQQM:

-3.60%

Returns By Period

In the year-to-date period, MGY achieves a -6.81% return, which is significantly lower than QQQM's 1.73% return.

MGY

YTD

-6.81%

1M

5.44%

6M

-21.45%

1Y

-13.55%

3Y*

-6.00%

5Y*

33.21%

10Y*

N/A

QQQM

YTD

1.73%

1M

9.14%

6M

2.19%

1Y

15.73%

3Y*

19.83%

5Y*

N/A

10Y*

N/A

*Annualized

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Magnolia Oil & Gas Corporation

Invesco NASDAQ 100 ETF

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

MGY vs. QQQM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MGY
The Risk-Adjusted Performance Rank of MGY is 2828
Overall Rank
The Sharpe Ratio Rank of MGY is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of MGY is 2929
Sortino Ratio Rank
The Omega Ratio Rank of MGY is 2929
Omega Ratio Rank
The Calmar Ratio Rank of MGY is 2323
Calmar Ratio Rank
The Martin Ratio Rank of MGY is 2727
Martin Ratio Rank
QQQM
The Risk-Adjusted Performance Rank of QQQM is 5454
Overall Rank
The Sharpe Ratio Rank of QQQM is 5353
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQM is 5353
Sortino Ratio Rank
The Omega Ratio Rank of QQQM is 5353
Omega Ratio Rank
The Calmar Ratio Rank of QQQM is 6060
Calmar Ratio Rank
The Martin Ratio Rank of QQQM is 5252
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MGY vs. QQQM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Magnolia Oil & Gas Corporation (MGY) 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.

The current MGY Sharpe Ratio is -0.36, which is lower than the QQQM Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of MGY and QQQM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

MGY vs. QQQM - Dividend Comparison

MGY's dividend yield for the trailing twelve months is around 2.60%, more than QQQM's 0.58% yield.

TTM20242023202220212020
MGY
Magnolia Oil & Gas Corporation		2.60%2.22%2.16%1.71%0.42%0.00%
QQQM
Invesco NASDAQ 100 ETF		0.58%0.61%0.65%0.83%0.40%0.16%

Drawdowns

MGY vs. QQQM - Drawdown Comparison

The maximum MGY drawdown since its inception was -77.76%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for MGY and QQQM.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

MGY vs. QQQM - Volatility Comparison

Magnolia Oil & Gas Corporation (MGY) has a higher volatility of 10.00% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.59%. This indicates that MGY's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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