MTCIX vs. QQQ
Compare and contrast key facts about MFS Technology Fund (MTCIX) and Invesco QQQ (QQQ).
MTCIX is managed by MFS. It was launched on Jan 1, 1997. 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: MTCIX or QQQ.
Performance
MTCIX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, MTCIX achieves a 34.33% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, MTCIX has underperformed QQQ with an annualized return of 12.40%, while QQQ has yielded a comparatively higher 18.03% annualized return.
MTCIX
34.33%
2.51%
12.97%
28.30%
9.73%
12.40%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| MTCIX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.30 | 1.78 |
| Sortino Ratio | 1.73 | 2.37 |
| Omega Ratio | 1.25 | 1.32 |
| Calmar Ratio | 0.87 | 2.28 |
| Martin Ratio | 6.46 | 8.27 |
| Ulcer Index | 4.51% | 3.73% |
| Daily Std Dev | 22.38% | 17.37% |
| Max Drawdown | -81.20% | -82.98% |
| Current Drawdown | -7.27% | -1.78% |
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MTCIX vs. QQQ - Expense Ratio Comparison
MTCIX has a 0.88% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between MTCIX and QQQ is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
MTCIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Technology Fund (MTCIX) 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
MTCIX vs. QQQ - Dividend Comparison
MTCIX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTCIX MFS Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.62% | 3.31% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
MTCIX vs. QQQ - Drawdown Comparison
The maximum MTCIX drawdown since its inception was -81.20%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MTCIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
MTCIX vs. QQQ - Volatility Comparison
MFS Technology Fund (MTCIX) has a higher volatility of 5.91% compared to Invesco QQQ (QQQ) at 5.41%. This indicates that MTCIX'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.