MZCSX vs. QQQ
Compare and contrast key facts about Muzinich Credit Opportunities Fund (MZCSX) and Invesco QQQ (QQQ).
MZCSX is managed by Muzinich. It was launched on Jan 2, 2013. 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: MZCSX or QQQ.
Key characteristics
| MZCSX | QQQ | |
|---|---|---|
| YTD Return | 5.33% | 15.46% |
| 1Y Return | 11.20% | 28.15% |
| 3Y Return (Ann) | 1.12% | 8.77% |
| 5Y Return (Ann) | 2.45% | 20.70% |
| 10Y Return (Ann) | 3.43% | 17.75% |
| Sharpe Ratio | 2.93 | 1.58 |
| Daily Std Dev | 3.79% | 17.69% |
| Max Drawdown | -12.56% | -82.98% |
| Current Drawdown | -0.10% | -6.27% |
Correlation
The correlation between MZCSX and QQQ is 0.14, 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
MZCSX vs. QQQ - Performance Comparison
In the year-to-date period, MZCSX achieves a 5.33% return, which is significantly lower than QQQ's 15.46% return. Over the past 10 years, MZCSX has underperformed QQQ with an annualized return of 3.43%, while QQQ has yielded a comparatively higher 17.75% 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.
MZCSX vs. QQQ - Expense Ratio Comparison
MZCSX has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
MZCSX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Muzinich Credit Opportunities Fund (MZCSX) 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
MZCSX vs. QQQ - Dividend Comparison
MZCSX's dividend yield for the trailing twelve months is around 4.68%, more than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MZCSX Muzinich Credit Opportunities Fund | 4.68% | 4.10% | 1.35% | 8.02% | 3.05% | 6.52% | 2.11% | 2.80% | 3.99% | 2.56% | 3.16% | 4.12% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
MZCSX vs. QQQ - Drawdown Comparison
The maximum MZCSX drawdown since its inception was -12.56%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MZCSX and QQQ. For additional features, visit the drawdowns tool.
Volatility
MZCSX vs. QQQ - Volatility Comparison
The current volatility for Muzinich Credit Opportunities Fund (MZCSX) is 0.71%, while Invesco QQQ (QQQ) has a volatility of 5.90%. This indicates that MZCSX 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.