MNMD vs. QQQ
Compare and contrast key facts about Mind Medicine (MindMed) Inc. (MNMD) and Invesco QQQ (QQQ).
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: MNMD or QQQ.
Correlation
The correlation between MNMD and QQQ is 0.36, 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.
Performance
MNMD vs. QQQ - Performance Comparison
Key characteristics
MNMD:
0.94
QQQ:
1.58
MNMD:
2.01
QQQ:
2.13
MNMD:
1.23
QQQ:
1.28
MNMD:
0.94
QQQ:
2.13
MNMD:
2.61
QQQ:
7.44
MNMD:
33.99%
QQQ:
3.88%
MNMD:
94.79%
QQQ:
18.24%
MNMD:
-96.96%
QQQ:
-82.98%
MNMD:
-89.83%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, MNMD achieves a 2.80% return, which is significantly higher than QQQ's 2.06% return.
MNMD
2.80%
-0.97%
-9.77%
97.11%
N/A
N/A
QQQ
2.06%
1.18%
10.12%
27.08%
19.30%
18.75%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
MNMD vs. QQQ — Risk-Adjusted Performance Rank
MNMD
QQQ
MNMD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mind Medicine (MindMed) Inc. (MNMD) 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
MNMD vs. QQQ - Dividend Comparison
MNMD has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNMD Mind Medicine (MindMed) Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
MNMD vs. QQQ - Drawdown Comparison
The maximum MNMD drawdown since its inception was -96.96%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MNMD and QQQ. For additional features, visit the drawdowns tool.
Volatility
MNMD vs. QQQ - Volatility Comparison
Mind Medicine (MindMed) Inc. (MNMD) has a higher volatility of 27.64% compared to Invesco QQQ (QQQ) at 6.45%. This indicates that MNMD'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.