MIOIX vs. QQQ
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) and Invesco QQQ (QQQ).
MIOIX is managed by T. Rowe Price. It was launched on Mar 30, 2010. 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: MIOIX or QQQ.
Correlation
The correlation between MIOIX and QQQ is 0.73, 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
MIOIX vs. QQQ - Performance Comparison
Key characteristics
MIOIX:
1.45
QQQ:
1.64
MIOIX:
2.08
QQQ:
2.19
MIOIX:
1.26
QQQ:
1.30
MIOIX:
0.44
QQQ:
2.16
MIOIX:
10.63
QQQ:
7.79
MIOIX:
2.18%
QQQ:
3.76%
MIOIX:
16.00%
QQQ:
17.85%
MIOIX:
-61.72%
QQQ:
-82.98%
MIOIX:
-40.79%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, MIOIX achieves a 20.89% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, MIOIX has underperformed QQQ with an annualized return of 7.54%, while QQQ has yielded a comparatively higher 18.36% annualized return.
MIOIX
20.89%
-0.72%
11.24%
21.25%
1.80%
7.54%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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MIOIX vs. QQQ - Expense Ratio Comparison
MIOIX has a 1.00% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
MIOIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) 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
MIOIX vs. QQQ - Dividend Comparison
MIOIX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIOIX Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.21% | 0.05% | 0.65% |
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
MIOIX vs. QQQ - Drawdown Comparison
The maximum MIOIX drawdown since its inception was -61.72%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MIOIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
MIOIX vs. QQQ - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) is 4.14%, while Invesco QQQ (QQQ) has a volatility of 5.29%. This indicates that MIOIX 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.