MMKT vs QQQ
Texas Capital Government Money Market ETF vs Invesco QQQ Trust, Series 1
Which is better, MMKT or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y 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 | MMKT | QQQ |
|---|---|---|
| Expense Ratio | 0.20% | 0.18%Best |
| AUM | $68M | $498.6B |
| Dividend Yield | 3.60% | 0.42% |
| Holdings | 60 | 321 |
| YTD Return | +2.53% | +22.67%Best |
| 1Y Return | +3.53% | +24.33%Best |
| 3Y Return (annualized) | - | +29.05% |
| 5Y Return (annualized) | - | +17.00% |
| Volatility (annualized) | 0.3%Best | 18.1% |
| Max Drawdown | -0.0%Best | -22.8% |
| $10,000 over 2 years | $10,801 | $15,525Best |
| Fund Family | Texas Capital | Invesco (US) |
| Category | Money Market | Equity |
| Style | - | Large Cap Growth |
| Inception | Sep 13, 2024 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 25, 2024 to Oct 2, 2026 (2 years).
MMKT 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 covers the 2 years both funds cover.
MMKT vs QQQ Performance
Texas Capital Government Money Market ETF (MMKT) is an ETF from Texas Capital and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MMKT returned +3.53% while QQQ returned +24.33%. Year to date, MMKT is up 2.53% versus a gain of 22.67% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 0.3% for MMKT. 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 -0.0% for MMKT and -22.8% 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 -0.01. They move largely independently of each other.
Fees and Cost Over Time
MMKT charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, MMKT currently yields 3.60% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 3 holdings in MMKT and 102 in QQQ, totalling 8.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in MMKT and 102 in QQQ, against full books of 60 and 321.
You are not choosing between two funds in isolation.
Whichever of MMKT 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, MMKT or QQQ?
MMKT has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, MMKT or QQQ?
Over the past year MMKT returned +3.53% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), MMKT annualized +3.93% vs +24.60% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MMKT or QQQ?
QQQ has been the more volatile fund at 18.1% annualized versus 0.3% for MMKT. Worst drawdown: MMKT -0.0% vs QQQ -22.8%.
Should I hold both MMKT and QQQ?
MMKT and QQQ have a monthly-return correlation of -0.01, 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, MMKT or QQQ?
MMKT yields 3.60% while QQQ yields 0.42%, so MMKT currently pays the higher dividend yield.
Is QQQ better than MMKT?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.