MYCI vs QQQ
State Street My2029 Corporate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
MYCI has a lower expense ratio. QQQ delivered stronger 1-year returns. MYCI offers more diversification with 195 holdings.
Side-by-Side Comparison
| Metric | MYCI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.18% | |
| AUM | $36M | $496.3B | |
| Dividend Yield | 4.57% | 0.44% | |
| Holdings | 195 | 108 | |
| YTD Return | +1.19% | +16.64% | |
| 1Y Return | +3.47% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 2.3% | 30.6% | |
| Max Drawdown | -1.9% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 23, 2024 | Mar 10, 1999 |
MYCI vs QQQ Performance
State Street My2029 Corporate Bond ETF (MYCI) 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 MYCI returned +3.47% while QQQ returned +27.27%. Year to date, MYCI is up 1.19% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 2.3% for MYCI. 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 -1.9% for MYCI 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 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MYCI 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, MYCI currently yields 4.57% against 0.44% for QQQ.
Holdings Overlap
MYCI and QQQ share 0 holdings out of 108 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, MYCI or QQQ?
MYCI has an expense ratio of 0.15% while QQQ charges 0.18%. MYCI is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, MYCI or QQQ?
Over the past year MYCI returned +3.47% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), MYCI annualized +5.31% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, MYCI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.3% for MYCI. Worst drawdown: MYCI -1.9% vs QQQ -83.0%.
Should I hold both MYCI and QQQ?
MYCI and QQQ have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MYCI and QQQ?
MYCI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, MYCI or QQQ?
MYCI yields 4.57% while QQQ yields 0.44%, so MYCI currently pays the higher dividend yield.
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