QQQ vs. OTCAX
Compare and contrast key facts about Invesco QQQ (QQQ) and MFS Mid Cap Growth Fund (OTCAX).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. OTCAX is managed by MFS. It was launched on Dec 1, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQ or OTCAX.
Key characteristics
| QQQ | OTCAX | |
|---|---|---|
| YTD Return | 26.09% | 17.58% |
| 1Y Return | 39.88% | 31.55% |
| 3Y Return (Ann) | 9.90% | -1.16% |
| 5Y Return (Ann) | 21.46% | 9.41% |
| 10Y Return (Ann) | 18.52% | 8.82% |
| Sharpe Ratio | 2.22 | 2.09 |
| Sortino Ratio | 2.92 | 2.85 |
| Omega Ratio | 1.40 | 1.37 |
| Calmar Ratio | 2.86 | 1.12 |
| Martin Ratio | 10.44 | 10.96 |
| Ulcer Index | 3.72% | 2.81% |
| Daily Std Dev | 17.47% | 14.76% |
| Max Drawdown | -82.98% | -73.07% |
| Current Drawdown | 0.00% | -4.52% |
Correlation
The correlation between QQQ and OTCAX is 0.84, 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
QQQ vs. OTCAX - Performance Comparison
In the year-to-date period, QQQ achieves a 26.09% return, which is significantly higher than OTCAX's 17.58% return. Over the past 10 years, QQQ has outperformed OTCAX with an annualized return of 18.52%, while OTCAX has yielded a comparatively lower 8.82% annualized 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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QQQ vs. OTCAX - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is lower than OTCAX's 1.00% expense ratio.
Risk-Adjusted Performance
QQQ vs. OTCAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and MFS Mid Cap Growth Fund (OTCAX). 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
QQQ vs. OTCAX - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.59%, while OTCAX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
OTCAX MFS Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.09% | 0.00% |
Drawdowns
QQQ vs. OTCAX - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, which is greater than OTCAX's maximum drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for QQQ and OTCAX. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. OTCAX - Volatility Comparison
Invesco QQQ (QQQ) has a higher volatility of 5.17% compared to MFS Mid Cap Growth Fund (OTCAX) at 4.40%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than OTCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.