MIAGX vs. QQQ
Compare and contrast key facts about MFS Aggressive Growth Allocation Fund (MIAGX) and Invesco QQQ (QQQ).
MIAGX is managed by MFS. It was launched on Jun 27, 2002. 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: MIAGX or QQQ.
Correlation
The correlation between MIAGX and QQQ is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MIAGX vs. QQQ - Performance Comparison
Key characteristics
MIAGX:
1.38
QQQ:
1.64
MIAGX:
1.89
QQQ:
2.19
MIAGX:
1.25
QQQ:
1.30
MIAGX:
2.30
QQQ:
2.16
MIAGX:
8.60
QQQ:
7.79
MIAGX:
1.71%
QQQ:
3.76%
MIAGX:
10.68%
QQQ:
17.85%
MIAGX:
-52.93%
QQQ:
-82.98%
MIAGX:
-4.13%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, MIAGX achieves a 12.47% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, MIAGX has underperformed QQQ with an annualized return of 9.12%, while QQQ has yielded a comparatively higher 18.36% annualized return.
MIAGX
12.47%
-1.54%
4.23%
13.45%
8.53%
9.12%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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MIAGX vs. QQQ - Expense Ratio Comparison
MIAGX has a 0.13% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
MIAGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Aggressive Growth Allocation Fund (MIAGX) 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
MIAGX vs. QQQ - Dividend Comparison
MIAGX's dividend yield for the trailing twelve months is around 1.06%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIAGX MFS Aggressive Growth Allocation Fund | 1.06% | 1.19% | 2.02% | 3.19% | 0.71% | 1.37% | 1.94% | 1.60% | 1.25% | 1.87% | 1.50% | 1.17% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
MIAGX vs. QQQ - Drawdown Comparison
The maximum MIAGX drawdown since its inception was -52.93%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MIAGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
MIAGX vs. QQQ - Volatility Comparison
The current volatility for MFS Aggressive Growth Allocation Fund (MIAGX) is 3.37%, while Invesco QQQ (QQQ) has a volatility of 5.29%. This indicates that MIAGX 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.