MIH.F vs. QQQ

Last updated Jun 5, 2026

MIH.F (Mitsubishi Heavy Industries, Ltd.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, MIH.F returned 19.27%/yr vs 21.40%/yr for QQQ. At a 0.08 correlation, their price movements are largely independent.

Performance

MIH.F vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Mitsubishi Heavy Industries, Ltd. (MIH.F) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MIH.F is traded in EUR, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, MIH.F achieves a -5.55% return, which is significantly lower than QQQ's 19.38% return. Over the past 10 years, MIH.F has underperformed QQQ with an annualized return of 19.27%, while QQQ has yielded a comparatively higher 21.40% annualized return.

MIH.F

• 1D: 4.87%
• 1M: -8.52%
• YTD: -5.55%
• 6M: -9.38%
• 1Y: -4.58%
• 3Y*: 69.42%
• 5Y*: 49.21%
• 10Y*: 19.27%

QQQ

• 1D: 0.67%
• 1M: 2.27%
• YTD: 19.38%
• 6M: 19.60%
• 1Y: 37.34%
• 3Y*: 23.53%
• 5Y*: 17.92%
• 10Y*: 21.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MIH.F vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MIH.F Mitsubishi Heavy Industries, Ltd.	-5.55%	53.66%	160.27%	44.65%	82.05%	-17.87%	-29.30%	12.57%	0.40%	-28.00%
QQQ Invesco QQQ ETF	19.38%	6.44%	33.87%	50.21%	-28.40%	36.95%	36.37%	42.10%	4.56%	16.36%

Correlation

The correlation between MIH.F and QQQ is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007	0.08

The correlation between MIH.F and QQQ shifts across timeframes, from 0.08 (all time) to 0.20 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

MIH.F vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIH.F

MIH.F Risk / Return Rank: 36
MIH.F Sharpe Ratio Rank: 38
MIH.F Sortino Ratio Rank: 35
MIH.F Omega Ratio Rank: 34
MIH.F Calmar Ratio Rank: 38
MIH.F Martin Ratio Rank: 36

QQQ

QQQ Risk / Return Rank: 71
QQQ Sharpe Ratio Rank: 75
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 73
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MIH.F vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mitsubishi Heavy Industries, Ltd. (MIH.F) 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.

	MIH.F	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	2.13	-2.21
Sortino ratio: Return per unit of downside risk	0.21	2.70	-2.49
Omega ratio: Gain probability vs. loss probability	1.02	1.37	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.12	3.29	-3.41
Martin ratio: Return relative to average drawdown	-0.35	10.16	-10.52

MIH.F vs. QQQ - Sharpe Ratio Comparison

The current MIH.F Sharpe Ratio is -0.09, which is lower than the QQQ Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of MIH.F and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MIH.F vs. QQQ - Drawdown Comparison

The maximum MIH.F drawdown since its inception was -87.77%, which is greater than QQQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for MIH.F and QQQ.

Drawdown Indicators

	MIH.F	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-87.77%	-46.01%	-41.76%
Max Drawdown (1Y) Largest decline over 1 year	-32.74%	-11.01%	-21.73%
Max Drawdown (3Y) Largest decline over 3 years	-32.74%	-27.21%	-5.53%
Max Drawdown (5Y) Largest decline over 5 years	-32.74%	-30.99%	-1.75%
Max Drawdown (10Y) Largest decline over 10 years	-62.77%	-30.99%	-31.78%
Current Drawdown Current decline from peak	-28.52%	-2.83%	-25.69%
Average Drawdown Average peak-to-trough decline	-67.89%	-7.79%	-60.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.42%	3.56%	+7.86%

Volatility

MIH.F vs. QQQ - Volatility Comparison

Mitsubishi Heavy Industries, Ltd. (MIH.F) has a higher volatility of 15.53% compared to Invesco QQQ ETF (QQQ) at 6.71%. This indicates that MIH.F'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.

Volatility by Period

	MIH.F	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.53%	6.71%	+8.82%
Volatility (6M) Calculated over the trailing 6-month period	34.99%	12.91%	+22.08%
Volatility (1Y) Calculated over the trailing 1-year period	45.61%	17.05%	+28.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.53%	22.17%	+22.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.84%	22.67%	+16.17%

Dividends

MIH.F vs. QQQ - Dividend Comparison

MIH.F has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.39%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MIH.F Mitsubishi Heavy Industries, Ltd.	0.00%	0.00%	0.03%	0.01%	0.01%	0.02%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%
QQQ Invesco QQQ ETF	0.39%	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

Can I hold both MIH.F and QQQ in my portfolio?

MIH.F and QQQ have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.