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:
-1.04
QQQ:
1.71
MTR:
-1.78
QQQ:
2.27
MTR:
0.81
QQQ:
1.31
MTR:
-0.62
QQQ:
2.26
MTR:
-1.23
QQQ:
8.12
MTR:
40.41%
QQQ:
3.77%
MTR:
47.64%
QQQ:
17.88%
MTR:
-88.92%
QQQ:
-82.98%
MTR:
-78.11%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, MTR achieves a -53.20% return, which is significantly lower than QQQ's 30.18% return. Over the past 10 years, MTR has underperformed QQQ with an annualized return of -6.85%, while QQQ has yielded a comparatively higher 18.54% annualized return.
MTR
-53.20%
-16.63%
-27.65%
-49.62%
4.35%
-6.85%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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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 3.63%, more than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTR Mesa Royalty Trust | 3.63% | 11.28% | 8.95% | 6.87% | 7.15% | 13.10% | 10.98% | 8.20% | 5.94% | 13.75% | 13.66% | 8.74% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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 12.63% compared to Invesco QQQ (QQQ) at 5.48%. 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.