MTH vs. QQQ
Compare and contrast key facts about Meritage Homes Corporation (MTH) 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: MTH or QQQ.
Correlation
The correlation between MTH and QQQ is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MTH vs. QQQ - Performance Comparison
Key characteristics
MTH:
-0.33
QQQ:
0.15
MTH:
-0.24
QQQ:
0.38
MTH:
0.97
QQQ:
1.05
MTH:
-0.31
QQQ:
0.16
MTH:
-0.66
QQQ:
0.58
MTH:
19.34%
QQQ:
6.25%
MTH:
38.50%
QQQ:
24.88%
MTH:
-93.22%
QQQ:
-82.98%
MTH:
-38.39%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, MTH achieves a -14.80% return, which is significantly lower than QQQ's -13.00% return. Over the past 10 years, MTH has underperformed QQQ with an annualized return of 10.90%, while QQQ has yielded a comparatively higher 16.13% annualized return.
MTH
-14.80%
-8.49%
-35.47%
-11.57%
26.20%
10.90%
QQQ
-13.00%
-7.51%
-9.91%
5.53%
16.35%
16.13%
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Risk-Adjusted Performance
MTH vs. QQQ — Risk-Adjusted Performance Rank
MTH
QQQ
MTH vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Meritage Homes Corporation (MTH) 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
MTH vs. QQQ - Dividend Comparison
MTH's dividend yield for the trailing twelve months is around 2.39%, more than QQQ's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTH Meritage Homes Corporation | 2.39% | 1.95% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.67% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
MTH vs. QQQ - Drawdown Comparison
The maximum MTH drawdown since its inception was -93.22%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MTH and QQQ. For additional features, visit the drawdowns tool.
Volatility
MTH vs. QQQ - Volatility Comparison
Meritage Homes Corporation (MTH) and Invesco QQQ (QQQ) have volatilities of 15.43% and 16.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.