MIY vs QQQ
BlackRock MuniYield Michigan Quality Fund, Inc vs Invesco QQQ Trust, Series 1
Which is better, MIY or QQQ?
Municipal Michigan against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y 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 | MIY | QQQ |
|---|---|---|
| Expense Ratio | 1.44% | 0.18%Best |
| AUM | $345M | $483.5B |
| Dividend Yield | 5.45% | 0.44% |
| Holdings | 145 | 107 |
| YTD Return | +7.74% | +17.95%Best |
| 1Y Return | +11.96% | +21.77%Best |
| 3Y Return (annualized) | +10.62% | +25.63%Best |
| 5Y Return (annualized) | -0.23% | +15.24%Best |
| Volatility (annualized) | 12.2%Best | 30.6% |
| Max Drawdown | -50.8%Best | -83.0% |
| $10,000 over 5 years | $9,886 | $20,324Best |
| Fund Family | BlackRock, Inc. (US) | Invesco (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Michigan | Large Cap Growth |
| Inception | Oct 30, 1992 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 10, 1999 to Sep 18, 2026 (27.5 years).
MIY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
MIY vs QQQ Performance
BlackRock MuniYield Michigan Quality Fund, Inc (MIY) is an ETF from BlackRock, Inc. (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MIY returned +11.96% while QQQ returned +21.77%. Year to date, MIY is up 7.74% versus a gain of 17.95% for QQQ.
Over three years, MIY compounded at +10.62% per year against +25.63% for QQQ; over five years the annualized figures are -0.23% and +15.24% respectively. Across the full 28-year window we track, QQQ has the edge at +13.04% annualized vs +0.11%.
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 12.2% 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 -50.8% for MIY and -83.0% 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 0.11. They move largely independently of each other.
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 5.45% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 39 holdings in MIY and 102 in QQQ, totalling 52.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 186 days apart, MIY as of Jan 31, 2026 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 39 positions we hold weights for in MIY and 102 in QQQ, against full books of 145 and 107.
You are not choosing between two funds in isolation.
Whichever of MIY 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, MIY or QQQ?
MIY has an expense ratio of 1.44% while QQQ charges 0.18%. QQQ is the cheaper option, by $126 a year on a $10,000 investment.
Which performed better, MIY or QQQ?
Over the past year MIY returned +11.96% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (28 years), MIY annualized +0.11% vs +13.04% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MIY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.2% for MIY. Worst drawdown: MIY -50.8% vs QQQ -83.0%.
Should I hold both MIY and QQQ?
MIY and QQQ have a monthly-return correlation of 0.11, 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, MIY or QQQ?
MIY yields 5.45% while QQQ yields 0.44%, so MIY currently pays the higher dividend yield.
Is QQQ better than MIY?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.