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MTN vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MTN vs. QQQ

Last updated Jun 24, 2026

MTN (Vail Resorts, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, MTN returned 3.53%/yr vs 22.07%/yr for QQQ. At a 0.41 correlation, their price movements are largely independent.

Performance

MTN vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vail Resorts, Inc. (MTN) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MTN achieves a 9.05% return, which is significantly lower than QQQ's 16.45% return. Over the past 10 years, MTN has underperformed QQQ with an annualized return of 3.53%, while QQQ has yielded a comparatively higher 22.07% annualized return.

MTN

1D
0.51%
1M
11.57%
YTD
9.05%
6M
3.33%
1Y
-4.38%
3Y*
-12.10%
5Y*
-11.79%
10Y*
3.53%

QQQ

1D
-3.29%
1M
-0.43%
YTD
16.45%
6M
14.99%
1Y
34.88%
3Y*
26.05%
5Y*
16.01%
10Y*
22.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MTN vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MTN
Vail Resorts, Inc.		9.05%-24.88%-7.96%-7.06%-24.89%18.15%17.77%17.34%1.74%34.43%
QQQ
Invesco QQQ ETF		16.45%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between MTN and QQQ is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Mar 10, 1999

0.41

Over the past year, the correlation between MTN and QQQ has dropped to 0.11 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

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Vail Resorts, Inc.

Invesco QQQ ETF

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Return for Risk

MTN vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MTN
MTN Risk / Return Rank: 3636
Overall Rank
MTN Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
MTN Sortino Ratio Rank: 3434
Sortino Ratio Rank
MTN Omega Ratio Rank: 3333
Omega Ratio Rank
MTN Calmar Ratio Rank: 3737
Calmar Ratio Rank
MTN Martin Ratio Rank: 3737
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 5959
Overall Rank
QQQ Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 5555
Sortino Ratio Rank
QQQ Omega Ratio Rank: 5858
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6161
Calmar Ratio Rank
QQQ Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MTN vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vail Resorts, Inc. (MTN) and Invesco QQQ ETF (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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

MTNQQQDifference
Sharpe ratioReturn per unit of total volatility
-0.12
1.95

-2.08

Sortino ratioReturn per unit of downside risk
0.08
2.57

-2.49

Omega ratioGain probability vs. loss probability

1.01

1.35

-0.34

Calmar ratioReturn relative to maximum drawdown

-0.17

2.93

-3.10

Martin ratioReturn relative to average drawdown

-0.29

10.86

-11.16

MTN vs. QQQ - Sharpe Ratio Comparison

The current MTN Sharpe Ratio is -0.12, which is lower than the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of MTN and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MTN vs. QQQ - Drawdown Comparison

The maximum MTN drawdown since its inception was -77.54%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for MTN and QQQ.

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Drawdown Indicators

MTNQQQDifference

Max Drawdown

Largest peak-to-trough decline

-77.54%

-82.97%

+5.43%

Max Drawdown (1Y)

Largest decline over 1 year

-26.40%

-11.96%

-14.44%

Max Drawdown (3Y)

Largest decline over 3 years

-45.73%

-22.77%

-22.96%

Max Drawdown (5Y)

Largest decline over 5 years

-61.17%

-35.12%

-26.05%

Max Drawdown (10Y)

Largest decline over 10 years

-61.17%

-35.12%

-26.05%

Current Drawdown

Current decline from peak

-53.55%

-4.25%

-49.30%

Average Drawdown

Average peak-to-trough decline

-26.20%

-32.73%

+6.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.07%

3.22%

+11.85%

Volatility

MTN vs. QQQ - Volatility Comparison

Vail Resorts, Inc. (MTN) has a higher volatility of 14.71% compared to Invesco QQQ ETF (QQQ) at 9.17%. This indicates that MTN'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.

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Volatility by Period

MTNQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.71%

9.17%

+5.54%

Volatility (6M)

Calculated over the trailing 6-month period

27.60%

14.57%

+13.03%

Volatility (1Y)

Calculated over the trailing 1-year period

36.00%

17.96%

+18.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.30%

22.69%

+9.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.56%

22.42%

+10.14%

Dividends

MTN vs. QQQ - Dividend Comparison

MTN's dividend yield for the trailing twelve months is around 6.24%, more than QQQ's 0.43% yield.

PositionTTM20252024202320222021202020192018201720162015
MTN
Vail Resorts, Inc.		6.24%6.69%4.74%3.86%3.21%0.54%0.63%2.94%2.79%1.98%2.01%1.95%
QQQ
Invesco QQQ ETF		0.43%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

MTN and QQQ have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MTN has higher volatility (14.71%) compared to QQQ (9.17%). In terms of maximum drawdown, MTN dropped -77.54% vs QQQ's -82.97%.

QQQ currently has the higher Sharpe Ratio (1.95 vs -0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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