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.
Key characteristics
| MPLX | QQQ | |
|---|---|---|
| YTD Return | 16.88% | 6.48% |
| 1Y Return | 32.17% | 38.66% |
| 3Y Return (Ann) | 25.88% | 10.38% |
| 5Y Return (Ann) | 17.33% | 18.72% |
| 10Y Return (Ann) | 4.91% | 18.51% |
| Sharpe Ratio | 3.22 | 2.33 |
| Daily Std Dev | 9.76% | 16.36% |
| Max Drawdown | -85.75% | -82.98% |
| Current Drawdown | -0.88% | -2.44% |
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.
Performance
MPLX vs. QQQ - Performance Comparison
In the year-to-date period, MPLX achieves a 16.88% return, which is significantly higher than QQQ's 6.48% return. Over the past 10 years, MPLX has underperformed QQQ with an annualized return of 4.91%, while QQQ has yielded a comparatively higher 18.51% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 8.09%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPLX MPLX LP | 8.09% | 8.65% | 8.80% | 11.30% | 12.71% | 10.42% | 8.22% | 6.18% | 5.76% | 4.25% | 1.79% | 2.28% |
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% | 1.01% |
Drawdowns
MPLX vs. QQQ - Drawdown Comparison
The maximum MPLX drawdown since its inception was -85.75%, 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 3.74%, while Invesco QQQ (QQQ) has a volatility of 5.81%. 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.