MGF vs QQQ
MGF vs QQQ
Aberdeen Government Markets Income Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. MGF offers more diversification with 178 holdings.
Side-by-Side Comparison
| Metric | MGF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.18% | |
| AUM | $99M | $455.8B | |
| Dividend Yield | 7.50% | 0.41% | |
| Holdings | 456 | 108 | |
| YTD Return | -1.94% | +17.27% | |
| 1Y Return | -1.27% | +28.64% | |
| 3Y Return (annualized) | +3.71% | +24.88% | |
| 5Y Return (annualized) | -1.30% | +14.86% | |
| Volatility (annualized) | 8.1% | 30.6% | |
| Max Drawdown | -55.5% | -83.0% | |
| Fund Family | Aberdeen Asset Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 28, 1987 | Mar 10, 1999 |
MGF vs QQQ Performance
Aberdeen Government Markets Income Fund (MGF) is a ETF from Aberdeen Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MGF returned -1.27% while QQQ returned +28.64%. Year to date, MGF is down 1.94% versus a gain of 17.27% for QQQ.
Over three years, MGF compounded at +3.71% per year against +24.88% for QQQ; over five years the annualized figures are -1.30% and +14.86% respectively. Across the full 27-year window we track, QQQ has the edge at +13.08% annualized vs -1.30%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.1% for MGF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -55.5% for MGF and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
MGF and QQQ share 0 holdings out of 281 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, MGF or QQQ?
Over the past year MGF returned -1.27% vs +28.64% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (27 years), MGF annualized -1.30% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, MGF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.1% for MGF. Worst drawdown: MGF -55.5% vs QQQ -83.0%.
Should I hold both MGF and QQQ?
MGF and QQQ have a monthly-return correlation of 0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MGF and QQQ?
MGF and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 281 unique securities.
Which pays a higher dividend, MGF or QQQ?
MGF yields 7.50% while QQQ yields 0.41%, so MGF currently pays the higher dividend yield.
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