MIY vs QQQ
BlackRock MuniYield Michigan Quality Fund, Inc vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. MIY offers more diversification with 145 holdings.
Side-by-Side Comparison
| Metric | MIY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.44% | 0.18% | |
| AUM | $357M | $496.3B | |
| Dividend Yield | 5.38% | 0.44% | |
| Holdings | 145 | 108 | |
| YTD Return | +10.54% | +16.64% | |
| 1Y Return | +18.53% | +27.27% | |
| 3Y Return (annualized) | +11.13% | +25.96% | |
| 5Y Return (annualized) | +0.39% | +14.54% | |
| Volatility (annualized) | 11.7% | 30.6% | |
| Max Drawdown | -53.7% | -83.0% | |
| Fund Family | BlackRock, Inc. (US) | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 30, 1992 | Mar 10, 1999 |
MIY vs QQQ Performance
BlackRock MuniYield Michigan Quality Fund, Inc (MIY) is a ETF from BlackRock, Inc. (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MIY returned +18.53% while QQQ returned +27.27%. Year to date, MIY is up 10.54% versus a gain of 16.64% for QQQ.
Over three years, MIY compounded at +11.13% per year against +25.96% for QQQ; over five years the annualized figures are +0.39% and +14.54% respectively. Across the full 27-year window we track, QQQ has the edge at +13.03% annualized vs +0.60%. 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 11.7% for MIY. 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 -53.7% for MIY 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 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MIY charges 1.44% per year while QQQ charges 0.18%. On a $10,000 position that is $144 vs $18 annually, a gap of $126 per year that compounds over a long holding period. On income, MIY currently yields 5.38% against 0.44% for QQQ.
Holdings Overlap
MIY and QQQ share 0 holdings out of 141 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, MIY or QQQ?
MIY has an expense ratio of 1.44% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $126 per year of difference.
Which performed better, MIY or QQQ?
Over the past year MIY returned +18.53% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (27 years), MIY annualized +0.60% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, MIY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.7% for MIY. Worst drawdown: MIY -53.7% vs QQQ -83.0%.
Should I hold both MIY and QQQ?
MIY and QQQ have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MIY and QQQ?
MIY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 141 unique securities.
Which pays a higher dividend, MIY or QQQ?
MIY yields 5.38% while QQQ yields 0.44%, so MIY currently pays the higher dividend yield.
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