MYMI vs QQQ
State Street My2029 Municipal Bond 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 108 holdings.
Side-by-Side Comparison
| Metric | MYMI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $15M | $496.3B | |
| Dividend Yield | 2.87% | 0.44% | |
| Holdings | 104 | 108 | |
| YTD Return | +1.41% | +16.64% | |
| 1Y Return | +3.58% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 2.7% | 30.6% | |
| Max Drawdown | -3.1% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Sep 23, 2024 | Mar 10, 1999 |
MYMI vs QQQ Performance
State Street My2029 Municipal Bond ETF (MYMI) 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 MYMI returned +3.58% while QQQ returned +27.27%. Year to date, MYMI is up 1.41% 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 2.7% for MYMI. 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 -3.1% for MYMI 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MYMI charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, MYMI currently yields 2.87% against 0.44% for QQQ.
Holdings Overlap
MYMI and QQQ share 0 holdings out of 103 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, MYMI or QQQ?
MYMI has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, MYMI or QQQ?
Over the past year MYMI returned +3.58% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), MYMI annualized +2.09% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, MYMI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.7% for MYMI. Worst drawdown: MYMI -3.1% vs QQQ -83.0%.
Should I hold both MYMI and QQQ?
MYMI and QQQ have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MYMI and QQQ?
MYMI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, MYMI or QQQ?
MYMI yields 2.87% while QQQ yields 0.44%, so MYMI currently pays the higher dividend yield.
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