MMMA vs QQQ
NYLIM MacKay Muni Allocation ETF vs Invesco QQQ Trust, Series 1
Which is better, MMMA or QQQ?
Municipal Bond against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y.
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 | MMMA | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $59M | $437.3B |
| Dividend Yield | 3.77% | 0.43% |
| Holdings | 129 | 208 |
| YTD Return | +3.19% | +12.98%Best |
| 1Y Return | +3.71% | +11.59%Best |
| 3Y Return (annualized) | - | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Fund Family | New York Life Investments | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Municipal Bond | Large Cap Growth |
| Inception | Dec 16, 2025 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
MMMA 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.
MMMA vs QQQ Performance
NYLIM MacKay Muni Allocation ETF (MMMA) is an ETF from New York Life Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MMMA returned +3.71% while QQQ returned +11.59%. Year to date, MMMA is up 3.19% versus a gain of 12.98% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
MMMA charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, MMMA currently yields 3.77% against 0.43% for QQQ.
Holdings Overlap
We hold position weights for 29 holdings in MMMA and 101 in QQQ, totalling 34.7% and 99.7% 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 29 positions we hold weights for in MMMA and 101 in QQQ, against full books of 129 and 208.
You are not choosing between two funds in isolation.
Whichever of MMMA 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, MMMA or QQQ?
MMMA has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, MMMA or QQQ?
Over the past year MMMA returned +3.71% vs +11.59% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which pays a higher dividend, MMMA or QQQ?
MMMA yields 3.77% while QQQ yields 0.43%, so MMMA currently pays the higher dividend yield.
Is QQQ better than MMMA?
QQQ has a lower expense ratio. QQQ led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.