MNT.TO vs. QQQ
Compare and contrast key facts about Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and Invesco QQQ (QQQ).
MNT.TO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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: MNT.TO or QQQ.
Correlation
The correlation between MNT.TO and QQQ is 0.04, 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
MNT.TO vs. QQQ - Performance Comparison
Key characteristics
MNT.TO:
2.92
QQQ:
1.71
MNT.TO:
3.69
QQQ:
2.27
MNT.TO:
1.51
QQQ:
1.31
MNT.TO:
2.60
QQQ:
2.26
MNT.TO:
23.24
QQQ:
8.12
MNT.TO:
2.02%
QQQ:
3.77%
MNT.TO:
16.12%
QQQ:
17.88%
MNT.TO:
-34.79%
QQQ:
-82.98%
MNT.TO:
-1.50%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, MNT.TO achieves a 46.00% return, which is significantly higher than QQQ's 30.18% return. Over the past 10 years, MNT.TO has underperformed QQQ with an annualized return of 10.54%, while QQQ has yielded a comparatively higher 18.54% annualized return.
MNT.TO
46.00%
0.56%
22.31%
47.03%
13.50%
10.54%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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MNT.TO vs. QQQ - Expense Ratio Comparison
Risk-Adjusted Performance
MNT.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) 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
MNT.TO vs. QQQ - Dividend Comparison
MNT.TO has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNT.TO Royal Canadian Mint - Canadian Gold Reserves | 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 | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
MNT.TO vs. QQQ - Drawdown Comparison
The maximum MNT.TO drawdown since its inception was -34.79%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MNT.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
MNT.TO vs. QQQ - Volatility Comparison
The current volatility for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) is 4.23%, while Invesco QQQ (QQQ) has a volatility of 5.48%. This indicates that MNT.TO 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.