MTR vs. QQQ
Compare and contrast key facts about Mesa Royalty Trust (MTR) 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: MTR or QQQ.
Correlation
The correlation between MTR and QQQ is 0.08, 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
MTR vs. QQQ - Performance Comparison
Key characteristics
MTR:
-0.68
QQQ:
0.91
MTR:
-0.89
QQQ:
1.29
MTR:
0.90
QQQ:
1.17
MTR:
-0.40
QQQ:
1.24
MTR:
-0.87
QQQ:
4.21
MTR:
36.06%
QQQ:
4.00%
MTR:
46.59%
QQQ:
18.49%
MTR:
-88.92%
QQQ:
-82.98%
MTR:
-77.25%
QQQ:
-5.81%
Returns By Period
In the year-to-date period, MTR achieves a 5.97% return, which is significantly higher than QQQ's -0.60% return. Over the past 10 years, MTR has underperformed QQQ with an annualized return of -5.87%, while QQQ has yielded a comparatively higher 17.68% annualized return.
MTR
5.97%
-11.29%
-0.65%
-40.76%
7.46%
-5.87%
QQQ
-0.60%
-2.84%
7.02%
14.72%
19.45%
17.68%
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Risk-Adjusted Performance
MTR vs. QQQ — Risk-Adjusted Performance Rank
MTR
QQQ
MTR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesa Royalty Trust (MTR) 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
MTR vs. QQQ - Dividend Comparison
MTR's dividend yield for the trailing twelve months is around 2.87%, more than QQQ's 0.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTR Mesa Royalty Trust | 2.87% | 3.57% | 11.28% | 8.95% | 6.87% | 7.15% | 13.10% | 10.98% | 8.20% | 5.94% | 13.75% | 13.66% |
QQQ Invesco QQQ | 0.56% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
MTR vs. QQQ - Drawdown Comparison
The maximum MTR drawdown since its inception was -88.92%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MTR and QQQ. For additional features, visit the drawdowns tool.
Volatility
MTR vs. QQQ - Volatility Comparison
Mesa Royalty Trust (MTR) has a higher volatility of 9.82% compared to Invesco QQQ (QQQ) at 5.22%. This indicates that MTR'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.