MTR vs. QQQ
MTR (Mesa Royalty Trust) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, MTR returned -3.71%/yr vs 21.01%/yr for QQQ. At a 0.07 correlation, their price movements are largely independent.
Performance
MTR vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, MTR achieves a -25.19% return, which is significantly lower than QQQ's 15.19% return. Over the past 10 years, MTR has underperformed QQQ with an annualized return of -3.71%, while QQQ has yielded a comparatively higher 21.01% annualized return.
MTR
- 1D
- 0.95%
- 1M
- -6.47%
- 6M
- -24.13%
- YTD
- -25.19%
- 1Y
- -41.68%
- 3Y*
- -46.68%
- 5Y*
- -7.38%
- 10Y*
- -3.71%
QQQ
- 1D
- -1.64%
- 1M
- -3.17%
- 6M
- 13.80%
- YTD
- 15.19%
- 1Y
- 27.28%
- 3Y*
- 23.36%
- 5Y*
- 15.26%
- 10Y*
- 21.01%
MTR vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTR Mesa Royalty Trust | -25.19% | -23.56% | -54.12% | -35.42% | 312.74% | 61.90% | -38.58% | -30.38% | -36.23% | 88.15% |
QQQ Invesco QQQ ETF | 15.19% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between MTR and QQQ is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.07 |
The correlation between MTR and QQQ shifts across timeframes, from -0.12 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MTR vs. QQQ — Risk / Return Rank
MTR
QQQ
MTR vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesa Royalty Trust (MTR) 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.
| MTR | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.26 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.29 | -3.19 |
| Martin ratioReturn relative to average drawdown | -1.89 | 8.13 | -10.02 |
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Drawdowns
MTR vs. QQQ - Drawdown Comparison
The maximum MTR drawdown since its inception was -88.90%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for MTR and QQQ.
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Drawdown Indicators
| MTR | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.90% | -82.97% | -5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -46.26% | -11.96% | -34.30% |
Max Drawdown (3Y)Largest decline over 3 years | -85.88% | -22.77% | -63.11% |
Max Drawdown (5Y)Largest decline over 5 years | -88.15% | -35.12% | -53.03% |
Max Drawdown (10Y)Largest decline over 10 years | -88.15% | -35.12% | -53.03% |
Current DrawdownCurrent decline from peak | -87.73% | -5.29% | -82.44% |
Average DrawdownAverage peak-to-trough decline | -32.30% | -32.66% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.07% | 3.36% | +18.71% |
Volatility
MTR vs. QQQ - Volatility Comparison
Mesa Royalty Trust (MTR) has a higher volatility of 8.06% compared to Invesco QQQ ETF (QQQ) at 7.53%. 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.
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Volatility by Period
| MTR | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 7.53% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 31.07% | 15.52% | +15.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.49% | 18.69% | +22.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.90% | 22.81% | +49.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.26% | 22.44% | +46.82% |
Dividends
MTR vs. QQQ - Dividend Comparison
MTR's dividend yield for the trailing twelve months is around 5.57%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTR Mesa Royalty Trust | 5.57% | 5.38% | 3.57% | 11.28% | 8.95% | 6.87% | 7.18% | 13.10% | 10.98% | 8.20% | 5.94% | 13.75% |
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
MTR and QQQ have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTR has higher volatility (8.06%) compared to QQQ (7.53%). In terms of maximum drawdown, MTR dropped -88.90% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.47 vs -1.01), 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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