MEGI vs QQQ
NYLI CBRE Global Infrastructure Megatrends Term Fund 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 | MEGI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.87% | 0.18% | |
| AUM | $842M | $496.3B | |
| Dividend Yield | 8.98% | 0.44% | |
| Holdings | 64 | 108 | |
| YTD Return | +14.63% | +16.23% | |
| 1Y Return | +16.73% | +26.23% | |
| 3Y Return (annualized) | +17.43% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 22.9% | 30.6% | |
| Max Drawdown | -39.5% | -83.0% | |
| Fund Family | New York Life Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 27, 2021 | Mar 10, 1999 |
MEGI vs QQQ Performance
NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) is a ETF from New York Life Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MEGI returned +16.73% while QQQ returned +26.23%. Year to date, MEGI is up 14.63% versus a gain of 16.23% for QQQ.
Over three years, MEGI compounded at +17.43% per year against +25.75% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.02% annualized vs +3.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 22.9% for MEGI. 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 -39.5% for MEGI 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MEGI charges 1.87% per year while QQQ charges 0.18%. On a $10,000 position that is $187 vs $18 annually, a gap of $169 per year that compounds over a long holding period. On income, MEGI currently yields 8.98% against 0.44% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, MEGI or QQQ?
MEGI has an expense ratio of 1.87% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $169 per year of difference.
Which performed better, MEGI or QQQ?
Over the past year MEGI returned +16.73% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), MEGI annualized +3.73% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, MEGI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 22.9% for MEGI. Worst drawdown: MEGI -39.5% vs QQQ -83.0%.
Should I hold both MEGI and QQQ?
MEGI and QQQ have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MEGI and QQQ?
MEGI and QQQ share 2 common holdings with a 0.6% weight overlap. Combined, they hold 161 unique securities.
Which pays a higher dividend, MEGI or QQQ?
MEGI yields 8.98% while QQQ yields 0.44%, so MEGI currently pays the higher dividend yield.
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