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 | -52.83% | 26.09% |
| 1Y Return | -52.44% | 39.88% |
| 3Y Return (Ann) | 7.14% | 9.90% |
| 5Y Return (Ann) | 3.85% | 21.46% |
| 10Y Return (Ann) | -7.78% | 18.52% |
| Sharpe Ratio | -1.04 | 2.22 |
| Sortino Ratio | -1.63 | 2.92 |
| Omega Ratio | 0.81 | 1.40 |
| Calmar Ratio | -0.64 | 2.86 |
| Martin Ratio | -1.01 | 10.44 |
| Ulcer Index | 50.63% | 3.72% |
| Daily Std Dev | 48.98% | 17.47% |
| Max Drawdown | -88.86% | -82.98% |
| Current Drawdown | -77.93% | 0.00% |
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 -52.83% return, which is significantly lower than QQQ's 26.09% return. Over the past 10 years, MTR has underperformed QQQ with an annualized return of -7.78%, while QQQ has yielded a comparatively higher 18.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 4.67%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTR Mesa Royalty Trust | 4.67% | 11.28% | 8.66% | 6.86% | 7.20% | 13.08% | 10.98% | 8.20% | 5.93% | 13.75% | 13.67% | 8.74% |
QQQ Invesco QQQ | 0.59% | 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 -88.86%, 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 7.99% compared to Invesco QQQ (QQQ) at 5.17%. 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.