MTZ vs. QQQ
Compare and contrast key facts about MasTec, Inc. (MTZ) 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: MTZ or QQQ.
Correlation
The correlation between MTZ and QQQ is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MTZ vs. QQQ - Performance Comparison
Key characteristics
MTZ:
1.99
QQQ:
1.63
MTZ:
2.68
QQQ:
2.18
MTZ:
1.33
QQQ:
1.29
MTZ:
1.65
QQQ:
2.15
MTZ:
13.76
QQQ:
7.73
MTZ:
5.79%
QQQ:
3.76%
MTZ:
40.02%
QQQ:
17.84%
MTZ:
-97.72%
QQQ:
-82.98%
MTZ:
-10.73%
QQQ:
-3.77%
Returns By Period
In the year-to-date period, MTZ achieves a 74.42% return, which is significantly higher than QQQ's 27.01% return. Over the past 10 years, MTZ has outperformed QQQ with an annualized return of 19.98%, while QQQ has yielded a comparatively lower 18.29% annualized return.
MTZ
74.42%
-7.25%
20.94%
87.25%
15.35%
19.98%
QQQ
27.01%
2.87%
7.89%
29.11%
20.41%
18.29%
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Risk-Adjusted Performance
MTZ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MasTec, Inc. (MTZ) 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
MTZ vs. QQQ - Dividend Comparison
MTZ has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTZ MasTec, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
MTZ vs. QQQ - Drawdown Comparison
The maximum MTZ drawdown since its inception was -97.72%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MTZ and QQQ. For additional features, visit the drawdowns tool.
Volatility
MTZ vs. QQQ - Volatility Comparison
MasTec, Inc. (MTZ) has a higher volatility of 10.10% compared to Invesco QQQ (QQQ) at 5.27%. This indicates that MTZ'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.