MLPZX vs. QQQ
Compare and contrast key facts about Invesco SteelPath MLP Income Fund (MLPZX) and Invesco QQQ (QQQ).
MLPZX is managed by Invesco. 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: MLPZX or QQQ.
Correlation
The correlation between MLPZX and QQQ is 0.48, 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
MLPZX vs. QQQ - Performance Comparison
Key characteristics
MLPZX:
0.70
QQQ:
0.63
MLPZX:
1.01
QQQ:
1.03
MLPZX:
1.14
QQQ:
1.14
MLPZX:
0.83
QQQ:
0.70
MLPZX:
3.35
QQQ:
2.32
MLPZX:
3.72%
QQQ:
6.82%
MLPZX:
17.71%
QQQ:
25.22%
MLPZX:
-76.88%
QQQ:
-82.98%
MLPZX:
-8.32%
QQQ:
-9.26%
Returns By Period
In the year-to-date period, MLPZX achieves a 0.94% return, which is significantly higher than QQQ's -4.24% return. Over the past 10 years, MLPZX has underperformed QQQ with an annualized return of 5.38%, while QQQ has yielded a comparatively higher 17.40% annualized return.
MLPZX
0.94%
-8.32%
7.95%
12.25%
29.92%
5.38%
QQQ
-4.24%
8.47%
0.60%
12.94%
18.64%
17.40%
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MLPZX vs. QQQ - Expense Ratio Comparison
MLPZX has a 1.10% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
MLPZX vs. QQQ — Risk-Adjusted Performance Rank
MLPZX
QQQ
MLPZX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Income Fund (MLPZX) 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
MLPZX vs. QQQ - Dividend Comparison
MLPZX's dividend yield for the trailing twelve months is around 6.01%, more than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPZX Invesco SteelPath MLP Income Fund | 5.48% | 6.45% | 7.25% | 8.05% | 9.27% | 16.67% | 13.82% | 14.02% | 11.26% | 10.13% | 11.96% | 7.24% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
MLPZX vs. QQQ - Drawdown Comparison
The maximum MLPZX drawdown since its inception was -76.88%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MLPZX and QQQ. For additional features, visit the drawdowns tool.
Volatility
MLPZX vs. QQQ - Volatility Comparison
The current volatility for Invesco SteelPath MLP Income Fund (MLPZX) is 12.05%, while Invesco QQQ (QQQ) has a volatility of 16.72%. This indicates that MLPZX 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.