MMIN vs QQQ
NYLI MacKay Muni Insured ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. MMIN offers more diversification with 397 holdings.
Side-by-Side Comparison
| Metric | MMIN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.18% | |
| AUM | $474M | $496.3B | |
| Dividend Yield | 4.41% | 0.44% | |
| Holdings | 397 | 108 | |
| YTD Return | +0.70% | +16.64% | |
| 1Y Return | +6.82% | +27.27% | |
| 3Y Return (annualized) | +4.02% | +25.96% | |
| 5Y Return (annualized) | +0.27% | +14.54% | |
| Volatility (annualized) | 6.3% | 30.6% | |
| Max Drawdown | -16.9% | -83.0% | |
| Fund Family | INDEXIQ ETF TRUST | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 18, 2017 | Mar 10, 1999 |
MMIN vs QQQ Performance
NYLI MacKay Muni Insured ETF (MMIN) is a ETF from INDEXIQ ETF TRUST and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MMIN returned +6.82% while QQQ returned +27.27%. Year to date, MMIN is up 0.70% versus a gain of 16.64% for QQQ.
Over three years, MMIN compounded at +4.02% per year against +25.96% for QQQ; over five years the annualized figures are +0.27% and +14.54% respectively. Across the full 9-year window we track, QQQ has the edge at +13.03% annualized vs +1.42%. 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 6.3% for MMIN. 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 -16.9% for MMIN 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MMIN charges 0.30% per year while QQQ charges 0.18%. On a $10,000 position that is $30 vs $18 annually, a gap of $12 per year that compounds over a long holding period. On income, MMIN currently yields 4.41% against 0.44% for QQQ.
Holdings Overlap
MMIN and QQQ share 0 holdings out of 239 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, MMIN or QQQ?
MMIN has an expense ratio of 0.30% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, MMIN or QQQ?
Over the past year MMIN returned +6.82% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), MMIN annualized +1.42% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, MMIN or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 6.3% for MMIN. Worst drawdown: MMIN -16.9% vs QQQ -83.0%.
Should I hold both MMIN and QQQ?
MMIN and QQQ have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MMIN and QQQ?
MMIN and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 239 unique securities.
Which pays a higher dividend, MMIN or QQQ?
MMIN yields 4.41% while QQQ yields 0.44%, so MMIN currently pays the higher dividend yield.
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