EVYM vs QQQ
Eaton Vance High Income Municipal ETF vs Invesco QQQ Trust, Series 1
Which is better, EVYM or QQQ?
Municipal Bond against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EVYM | QQQ |
|---|---|---|
| Expense Ratio | 0.40% | 0.18%Best |
| AUM | $58M | $483.5B |
| Dividend Yield | 4.95% | 0.44% |
| Holdings | 123 | 107 |
| YTD Return | -0.21% | +15.21%Best |
| 1Y Return | +2.21% | +19.78%Best |
| 3Y Return (annualized) | - | +24.58% |
| 5Y Return (annualized) | - | +13.93% |
| Volatility (annualized) | 5.5%Best | 20.4% |
| Max Drawdown | -6.1%Best | -18.0% |
| $10,000 over 1.5 years | $10,399 | $14,034Best |
| Fund Family | Eaton Vance | Invesco (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Growth |
| Inception | Feb 25, 2025 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Feb 27, 2025 to Sep 16, 2026 (1.5 years).
EVYM vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.5 years both funds cover.
EVYM vs QQQ Performance
Eaton Vance High Income Municipal ETF (EVYM) is an ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year EVYM returned +2.21% while QQQ returned +19.78%. Year to date, EVYM is down 0.21% versus a gain of 15.21% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 5.5% 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 -18.0% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
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 4.95% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 38 holdings in EVYM and 102 in QQQ, totalling 34.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 38 positions we hold weights for in EVYM and 102 in QQQ, against full books of 123 and 107.
You are not choosing between two funds in isolation.
Whichever of EVYM and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $22 a year on a $10,000 investment.
Which performed better, EVYM or QQQ?
Over the past year EVYM returned +2.21% vs +19.78% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), EVYM annualized +2.64% vs +25.35% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EVYM or QQQ?
QQQ has been the more volatile fund at 20.4% annualized versus 5.5% for EVYM. Worst drawdown: EVYM -6.1% vs QQQ -18.0%.
Should I hold both EVYM and QQQ?
EVYM and QQQ have a monthly-return correlation of 0.43, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EVYM or QQQ?
EVYM yields 4.95% while QQQ yields 0.44%, so EVYM currently pays the higher dividend yield.
Is QQQ better than EVYM?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.