EVYM vs QQQ
Eaton Vance High Income Municipal ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | EVYM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.18% | |
| AUM | $58M | $455.8B | |
| Dividend Yield | 4.77% | 0.41% | |
| Holdings | 106 | 108 | |
| YTD Return | +2.86% | +17.46% | |
| 1Y Return | +9.15% | +26.02% | |
| 3Y Return (annualized) | - | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 5.3% | 30.6% | |
| Max Drawdown | -6.1% | -83.0% | |
| Fund Family | Eaton Vance | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Feb 25, 2025 | Mar 10, 1999 |
EVYM vs QQQ Performance
Eaton Vance High Income Municipal ETF (EVYM) is a ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EVYM returned +9.15% while QQQ returned +26.02%. Year to date, EVYM is up 2.86% versus a gain of 17.46% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 5.3% for EVYM. 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 -6.1% for EVYM 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVYM charges 0.40% per year while QQQ charges 0.18%. On a $10,000 position that is $40 vs $18 annually, a gap of $22 per year that compounds over a long holding period. On income, EVYM currently yields 4.77% against 0.41% for QQQ.
Holdings Overlap
EVYM and QQQ share 0 holdings out of 138 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, EVYM or QQQ?
EVYM has an expense ratio of 0.40% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, EVYM or QQQ?
Over the past year EVYM returned +9.15% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), EVYM annualized +4.99% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, EVYM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.3% for EVYM. Worst drawdown: EVYM -6.1% vs QQQ -83.0%.
Should I hold both EVYM and QQQ?
EVYM and QQQ have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVYM and QQQ?
EVYM and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 138 unique securities.
Which pays a higher dividend, EVYM or QQQ?
EVYM yields 4.77% while QQQ yields 0.41%, so EVYM currently pays the higher dividend yield.
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