MYCL vs QQQ
State Street My2032 Corporate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
MYCL has a lower expense ratio. QQQ delivered stronger 1-year returns. MYCL offers more diversification with 109 holdings.
Side-by-Side Comparison
| Metric | MYCL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.18% | |
| AUM | $12M | $496.3B | |
| Dividend Yield | 4.69% | 0.44% | |
| Holdings | 109 | 108 | |
| YTD Return | -0.01% | +16.64% | |
| 1Y Return | +3.05% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 3.8% | 30.6% | |
| Max Drawdown | -4.0% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 23, 2024 | Mar 10, 1999 |
MYCL vs QQQ Performance
State Street My2032 Corporate Bond ETF (MYCL) 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 MYCL returned +3.05% while QQQ returned +27.27%. Year to date, MYCL is down 0.01% 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 3.8% for MYCL. 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 -4.0% for MYCL 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MYCL 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, MYCL currently yields 4.69% against 0.44% for QQQ.
Holdings Overlap
MYCL and QQQ share 0 holdings out of 104 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, MYCL or QQQ?
MYCL has an expense ratio of 0.15% while QQQ charges 0.18%. MYCL is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, MYCL or QQQ?
Over the past year MYCL returned +3.05% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), MYCL annualized +3.19% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, MYCL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 3.8% for MYCL. Worst drawdown: MYCL -4.0% vs QQQ -83.0%.
Should I hold both MYCL and QQQ?
MYCL and QQQ have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MYCL and QQQ?
MYCL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, MYCL or QQQ?
MYCL yields 4.69% while QQQ yields 0.44%, so MYCL currently pays the higher dividend yield.
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