FTNY vs QQQ
Franklin New York Municipal Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. FTNY offers more diversification with 275 holdings.
Side-by-Side Comparison
| Metric | FTNY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.18% | |
| AUM | $596M | $496.3B | |
| Dividend Yield | 3.54% | 0.44% | |
| Holdings | 275 | 108 | |
| YTD Return | +0.56% | +17.89% | |
| 1Y Return | - | +26.35% | |
| 3Y Return (annualized) | - | +26.02% | |
| 5Y Return (annualized) | - | +14.59% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -3.1% | -83.0% | |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 2, 1983 | Mar 10, 1999 |
FTNY vs QQQ Performance
Franklin New York Municipal Income ETF (FTNY) is a ETF from Franklin Templeton Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, FTNY is up 0.56% versus a gain of 17.89% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.1% for FTNY and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FTNY charges 0.36% per year while QQQ charges 0.18%. On a $10,000 position that is $36 vs $18 annually, a gap of $18 per year that compounds over a long holding period. On income, FTNY currently yields 3.54% against 0.44% for QQQ.
Holdings Overlap
FTNY and QQQ share 0 holdings out of 189 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, FTNY or QQQ?
FTNY has an expense ratio of 0.36% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
What is the holdings overlap between FTNY and QQQ?
FTNY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 189 unique securities.
Which pays a higher dividend, FTNY or QQQ?
FTNY yields 3.54% while QQQ yields 0.44%, so FTNY currently pays the higher dividend yield.
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