MPLX vs. QQQ
Compare and contrast key facts about MPLX LP (MPLX) 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: MPLX or QQQ.
Performance
MPLX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, MPLX achieves a 40.12% return, which is significantly higher than QQQ's 21.78% return. Over the past 10 years, MPLX has underperformed QQQ with an annualized return of 4.65%, while QQQ has yielded a comparatively higher 17.95% annualized return.
MPLX
40.12%
8.94%
21.87%
43.20%
28.80%
4.65%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| MPLX | QQQ | |
|---|---|---|
| Sharpe Ratio | 3.65 | 1.70 |
| Sortino Ratio | 5.21 | 2.29 |
| Omega Ratio | 1.65 | 1.31 |
| Calmar Ratio | 5.58 | 2.19 |
| Martin Ratio | 25.69 | 7.96 |
| Ulcer Index | 1.75% | 3.72% |
| Daily Std Dev | 12.30% | 17.39% |
| Max Drawdown | -85.72% | -82.98% |
| Current Drawdown | 0.00% | -3.42% |
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Correlation
The correlation between MPLX and QQQ is 0.25, 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.
Risk-Adjusted Performance
MPLX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MPLX LP (MPLX) 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
MPLX vs. QQQ - Dividend Comparison
MPLX's dividend yield for the trailing twelve months is around 7.41%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPLX MPLX LP | 7.41% | 8.65% | 8.80% | 11.30% | 12.71% | 10.42% | 8.22% | 6.23% | 5.86% | 4.33% | 1.83% | 2.32% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
MPLX vs. QQQ - Drawdown Comparison
The maximum MPLX drawdown since its inception was -85.72%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MPLX and QQQ. For additional features, visit the drawdowns tool.
Volatility
MPLX vs. QQQ - Volatility Comparison
The current volatility for MPLX LP (MPLX) is 4.90%, while Invesco QQQ (QQQ) has a volatility of 5.58%. This indicates that MPLX 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.