Correlation
The correlation between MWATX and QQQ is 0.87, 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.
MWATX vs. QQQ
Compare and contrast key facts about Metropolitan West AlphaTrak 500 Fund (MWATX) and Invesco QQQ (QQQ).
MWATX is managed by Metropolitan West Funds. It was launched on Jun 29, 1998. 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: MWATX or QQQ.
Performance
MWATX vs. QQQ - Performance Comparison
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Key characteristics
Returns By Period
MWATX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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MWATX vs. QQQ - Expense Ratio Comparison
MWATX has a 0.47% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
MWATX vs. QQQ — Risk-Adjusted Performance Rank
MWATX
QQQ
MWATX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West AlphaTrak 500 Fund (MWATX) 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
MWATX vs. QQQ - Dividend Comparison
MWATX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWATX Metropolitan West AlphaTrak 500 Fund | 117.04% | 118.15% | 5.33% | 4.36% | 30.49% | 7.87% | 9.52% | 2.01% | 0.77% | 2.07% | 0.11% | 1.09% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
MWATX vs. QQQ - Drawdown Comparison
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Volatility
MWATX vs. QQQ - Volatility Comparison
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