MYCG vs QQQ
State Street My2027 Corporate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
MYCG has a lower expense ratio. QQQ delivered stronger 1-year returns. MYCG offers more diversification with 180 holdings.
Side-by-Side Comparison
| Metric | MYCG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.18% | |
| AUM | $37M | $496.3B | |
| Dividend Yield | 4.28% | 0.44% | |
| Holdings | 180 | 108 | |
| YTD Return | +2.23% | +15.47% | |
| 1Y Return | +4.11% | +24.44% | |
| 3Y Return (annualized) | - | +25.47% | |
| 5Y Return (annualized) | - | +14.22% | |
| Volatility (annualized) | 1.1% | 30.6% | |
| Max Drawdown | -0.9% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 23, 2024 | Mar 10, 1999 |
MYCG vs QQQ Performance
State Street My2027 Corporate Bond ETF (MYCG) is a ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MYCG returned +4.11% while QQQ returned +24.44%. Year to date, MYCG is up 2.23% versus a gain of 15.47% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 1.1% for MYCG. 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 -0.9% for MYCG 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MYCG charges 0.15% per year while QQQ charges 0.18%. On a $10,000 position that is $15 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, MYCG currently yields 4.28% against 0.44% for QQQ.
Holdings Overlap
MYCG and QQQ share 0 holdings out of 105 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, MYCG or QQQ?
MYCG has an expense ratio of 0.15% while QQQ charges 0.18%. MYCG is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, MYCG or QQQ?
Over the past year MYCG returned +4.11% vs +24.44% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), MYCG annualized +4.28% vs +12.99% for QQQ. Past performance does not guarantee future results.
Which is riskier, MYCG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.1% for MYCG. Worst drawdown: MYCG -0.9% vs QQQ -83.0%.
Should I hold both MYCG and QQQ?
MYCG and QQQ have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MYCG and QQQ?
MYCG and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, MYCG or QQQ?
MYCG yields 4.28% while QQQ yields 0.44%, so MYCG currently pays the higher dividend yield.
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