EVIM vs QQQ
Eaton Vance Intermediate Municipal Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
EVIM has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | EVIM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.11% | 0.18% | |
| AUM | $268M | $455.8B | |
| Dividend Yield | 3.50% | 0.41% | |
| Holdings | 264 | 108 | |
| YTD Return | +1.43% | +19.68% | |
| 1Y Return | +6.10% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 4.6% | 30.6% | |
| Max Drawdown | -4.2% | -83.0% | |
| Fund Family | Eaton Vance | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 16, 2023 | Mar 10, 1999 |
EVIM vs QQQ Performance
Eaton Vance Intermediate Municipal Income ETF (EVIM) is a ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EVIM returned +6.10% while QQQ returned +26.75%. Year to date, EVIM is up 1.43% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 4.6% for EVIM. 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 -4.2% for EVIM 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVIM charges 0.11% per year while QQQ charges 0.18%. On a $10,000 position that is $11 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, EVIM currently yields 3.50% against 0.41% for QQQ.
Holdings Overlap
EVIM and QQQ share 0 holdings out of 180 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVIM or QQQ?
EVIM has an expense ratio of 0.11% while QQQ charges 0.18%. EVIM is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, EVIM or QQQ?
Over the past year EVIM returned +6.10% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), EVIM annualized +5.71% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, EVIM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 4.6% for EVIM. Worst drawdown: EVIM -4.2% vs QQQ -83.0%.
Should I hold both EVIM and QQQ?
EVIM and QQQ have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVIM and QQQ?
EVIM and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 180 unique securities.
Which pays a higher dividend, EVIM or QQQ?
EVIM yields 3.50% while QQQ yields 0.41%, so EVIM currently pays the higher dividend yield.
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