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.
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
Key characteristics
MPLX:
2.81
QQQ:
1.54
MPLX:
3.90
QQQ:
2.06
MPLX:
1.49
QQQ:
1.28
MPLX:
3.83
QQQ:
2.03
MPLX:
17.62
QQQ:
7.34
MPLX:
2.21%
QQQ:
3.75%
MPLX:
13.84%
QQQ:
17.90%
MPLX:
-85.72%
QQQ:
-82.98%
MPLX:
-10.16%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, MPLX achieves a 37.42% return, which is significantly higher than QQQ's 26.66% return. Over the past 10 years, MPLX has underperformed QQQ with an annualized return of 4.92%, while QQQ has yielded a comparatively higher 18.30% annualized return.
MPLX
37.42%
-2.21%
18.47%
38.48%
24.95%
4.92%
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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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 7.56%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPLX MPLX LP | 7.56% | 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 | 0.43% | 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
MPLX LP (MPLX) has a higher volatility of 6.86% compared to Invesco QQQ (QQQ) at 5.23%. This indicates that MPLX'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.