MVPS vs. QQQ
Compare and contrast key facts about Amplify Thematic All-Stars ETF (MVPS) and Invesco QQQ (QQQ).
MVPS and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MVPS is a passively managed fund by Amplify Investments that tracks the performance of the ETF All-Stars Thematic Composite Index - Benchmark TR Gross. It was launched on Jul 21, 2021. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both MVPS and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MVPS or QQQ.
Key characteristics
| MVPS | QQQ | |
|---|---|---|
| YTD Return | 16.86% | 25.79% |
| 1Y Return | 40.57% | 36.91% |
| 3Y Return (Ann) | -6.06% | 9.89% |
| Sharpe Ratio | 1.82 | 2.11 |
| Sortino Ratio | 2.40 | 2.78 |
| Omega Ratio | 1.31 | 1.38 |
| Calmar Ratio | 1.00 | 2.69 |
| Martin Ratio | 8.78 | 9.81 |
| Ulcer Index | 4.69% | 3.72% |
| Daily Std Dev | 22.63% | 17.32% |
| Max Drawdown | -51.36% | -82.98% |
| Current Drawdown | -17.61% | -0.24% |
Correlation
The correlation between MVPS and QQQ is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MVPS vs. QQQ - Performance Comparison
In the year-to-date period, MVPS achieves a 16.86% return, which is significantly lower than QQQ's 25.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MVPS vs. QQQ - Expense Ratio Comparison
MVPS has a 0.49% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
MVPS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Thematic All-Stars ETF (MVPS) 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
MVPS vs. QQQ - Dividend Comparison
MVPS has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVPS Amplify Thematic All-Stars ETF | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
MVPS vs. QQQ - Drawdown Comparison
The maximum MVPS drawdown since its inception was -51.36%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MVPS and QQQ. For additional features, visit the drawdowns tool.
Volatility
MVPS vs. QQQ - Volatility Comparison
Amplify Thematic All-Stars ETF (MVPS) has a higher volatility of 6.79% compared to Invesco QQQ (QQQ) at 5.14%. This indicates that MVPS'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.