MXUS.L vs. QQQ
Compare and contrast key facts about Invesco MSCI USA UCITS ETF (MXUS.L) and Invesco QQQ (QQQ).
MXUS.L and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MXUS.L is a passively managed fund by Invesco that tracks the performance of the Russell 1000 TR USD. It was launched on Mar 31, 2009. 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 MXUS.L 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: MXUS.L or QQQ.
Performance
MXUS.L vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, MXUS.L achieves a 24.64% return, which is significantly higher than QQQ's 22.63% return. Over the past 10 years, MXUS.L has underperformed QQQ with an annualized return of 12.78%, while QQQ has yielded a comparatively higher 18.02% annualized return.
MXUS.L
24.64%
0.97%
11.73%
33.15%
15.37%
12.78%
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| MXUS.L | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.76 | 1.75 |
| Sortino Ratio | 3.80 | 2.34 |
| Omega Ratio | 1.52 | 1.32 |
| Calmar Ratio | 4.08 | 2.25 |
| Martin Ratio | 17.59 | 8.17 |
| Ulcer Index | 1.83% | 3.73% |
| Daily Std Dev | 11.68% | 17.44% |
| Max Drawdown | -34.38% | -82.98% |
| Current Drawdown | -1.82% | -2.75% |
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MXUS.L vs. QQQ - Expense Ratio Comparison
MXUS.L has a 0.05% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between MXUS.L and QQQ is 0.50, 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.
Risk-Adjusted Performance
MXUS.L vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF (MXUS.L) 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
MXUS.L vs. QQQ - Dividend Comparison
MXUS.L has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXUS.L Invesco MSCI USA UCITS ETF | 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 | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
MXUS.L vs. QQQ - Drawdown Comparison
The maximum MXUS.L drawdown since its inception was -34.38%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MXUS.L and QQQ. For additional features, visit the drawdowns tool.
Volatility
MXUS.L vs. QQQ - Volatility Comparison
The current volatility for Invesco MSCI USA UCITS ETF (MXUS.L) is 4.01%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that MXUS.L experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.