KMF vs QQQ
Kayne Anderson NextGen Energy & Infrastructure Inc 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 108 holdings.
Side-by-Side Comparison
| Metric | KMF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 3.20% | 0.18% | |
| AUM | $501M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 39 | 108 | |
| YTD Return | +0.00% | +17.07% | |
| 1Y Return | +0.00% | +26.39% | |
| 3Y Return (annualized) | +4.81% | +26.08% | |
| 5Y Return (annualized) | +5.17% | +15.18% | |
| Volatility (annualized) | 33.2% | 30.6% | |
| Max Drawdown | -94.3% | -83.0% | |
| Fund Family | Kayne Anderson Capital Advisors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 24, 2010 | Mar 10, 1999 |
KMF vs QQQ Performance
Kayne Anderson NextGen Energy & Infrastructure Inc (KMF) is a ETF from Kayne Anderson Capital Advisors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year KMF returned +0.00% while QQQ returned +26.39%. Year to date, KMF is up 0.00% versus a gain of 17.07% for QQQ.
Over three years, KMF compounded at +4.81% per year against +26.08% for QQQ; over five years the annualized figures are +5.17% and +15.18% respectively. Across the full 16-year window we track, QQQ has the edge at +13.05% annualized vs -0.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KMF has been the more volatile fund, with annualized monthly volatility of 33.2% compared with 30.6% for QQQ. 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 -94.3% for KMF 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KMF charges 3.20% per year while QQQ charges 0.18%. On a $10,000 position that is $320 vs $18 annually, a gap of $302 per year that compounds over a long holding period. On income, KMF currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
KMF and QQQ share 1 holdings out of 132 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in KMF | Weight in QQQ | Difference |
|---|---|---|---|
| XEL | 0.97% | 0.21% | 0.76% |
Frequently Asked Questions
Which is cheaper, KMF or QQQ?
KMF has an expense ratio of 3.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $302 per year of difference.
Which performed better, KMF or QQQ?
Over the past year KMF returned +0.00% vs +26.39% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (16 years), KMF annualized -0.39% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, KMF or QQQ?
KMF has been the more volatile fund at 33.2% annualized versus 30.6% for QQQ. Worst drawdown: KMF -94.3% vs QQQ -83.0%.
Should I hold both KMF and QQQ?
KMF and QQQ have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KMF and QQQ?
KMF and QQQ share 1 common holdings with a 0.2% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, KMF or QQQ?
KMF yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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