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 0.10, 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
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Key characteristics
MTR:
-0.79
QQQ:
0.45
MTR:
-1.21
QQQ:
0.81
MTR:
0.87
QQQ:
1.11
MTR:
-0.38
QQQ:
0.51
MTR:
-1.14
QQQ:
1.65
MTR:
32.11%
QQQ:
6.96%
MTR:
44.68%
QQQ:
25.14%
MTR:
-97.99%
QQQ:
-82.98%
MTR:
-95.81%
QQQ:
-9.42%
Returns By Period
In the year-to-date period, MTR achieves a -11.46% return, which is significantly lower than QQQ's -4.41% return. Over the past 10 years, MTR has underperformed QQQ with an annualized return of -5.48%, while QQQ has yielded a comparatively higher 17.24% annualized return.
MTR
-11.46%
3.88%
-13.86%
-34.88%
4.24%
-5.48%
QQQ
-4.41%
9.37%
-4.80%
11.06%
17.35%
17.24%
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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.
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Dividends
MTR vs. QQQ - Dividend Comparison
MTR's dividend yield for the trailing twelve months is around 3.63%, more than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTR Mesa Royalty Trust | 3.63% | 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 | 0.61% | 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 -97.99%, 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.
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Volatility
MTR vs. QQQ - Volatility Comparison
Mesa Royalty Trust (MTR) has a higher volatility of 11.50% compared to Invesco QQQ (QQQ) at 8.24%. 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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