MMSD vs QQQ
NYLI MacKay Muni Short Duration ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | MMSD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.18% | |
| AUM | $75M | $455.8B | |
| Dividend Yield | 3.85% | 0.41% | |
| Holdings | 124 | 108 | |
| YTD Return | +1.54% | +18.31% | |
| 1Y Return | +3.16% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 1.8% | 30.6% | |
| Max Drawdown | -1.4% | -83.0% | |
| Fund Family | New York Life Investments | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 6, 2025 | Mar 10, 1999 |
MMSD vs QQQ Performance
NYLI MacKay Muni Short Duration ETF (MMSD) is a ETF from New York Life Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MMSD returned +3.16% while QQQ returned +25.37%. Year to date, MMSD is up 1.54% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 1.8% for MMSD. 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 -1.4% for MMSD 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MMSD charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, MMSD currently yields 3.85% against 0.41% for QQQ.
Holdings Overlap
MMSD and QQQ share 0 holdings out of 134 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, MMSD or QQQ?
MMSD has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, MMSD or QQQ?
Over the past year MMSD returned +3.16% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), MMSD annualized +4.16% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, MMSD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.8% for MMSD. Worst drawdown: MMSD -1.4% vs QQQ -83.0%.
Should I hold both MMSD and QQQ?
MMSD and QQQ have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MMSD and QQQ?
MMSD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 134 unique securities.
Which pays a higher dividend, MMSD or QQQ?
MMSD yields 3.85% while QQQ yields 0.41%, so MMSD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.