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.
Key characteristics
| MTR | QQQ | |
|---|---|---|
| YTD Return | -50.91% | 19.51% |
| 1Y Return | -54.89% | 36.79% |
| 3Y Return (Ann) | 9.49% | 11.66% |
| 5Y Return (Ann) | 1.91% | 21.71% |
| 10Y Return (Ann) | -8.42% | 18.57% |
| Sharpe Ratio | -0.97 | 2.07 |
| Daily Std Dev | 52.46% | 17.55% |
| Max Drawdown | -88.86% | -82.98% |
| Current Drawdown | -77.03% | -2.97% |
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
In the year-to-date period, MTR achieves a -50.91% return, which is significantly lower than QQQ's 19.51% return. Over the past 10 years, MTR has underperformed QQQ with an annualized return of -8.42%, while QQQ has yielded a comparatively higher 18.57% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 4.64%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTR Mesa Royalty Trust | 4.64% | 11.28% | 8.66% | 6.87% | 7.15% | 13.10% | 10.98% | 8.20% | 5.94% | 13.75% | 13.66% | 8.74% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
MTR vs. QQQ - Drawdown Comparison
The maximum MTR drawdown since its inception was -88.86%, 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 12.07% compared to Invesco QQQ (QQQ) at 5.16%. 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.