NNY vs QQQ
Nuveen New York Municipal Value Fund Inc. vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. NNY offers more diversification with 134 holdings.
Side-by-Side Comparison
| Metric | NNY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.18% | |
| AUM | - | $496.3B | |
| Dividend Yield | 4.05% | 0.44% | |
| Holdings | 134 | 108 | |
| YTD Return | -0.10% | +19.52% | |
| 1Y Return | +7.34% | +26.68% | |
| 3Y Return (annualized) | +4.27% | +26.64% | |
| 5Y Return (annualized) | -0.35% | +15.36% | |
| Volatility (annualized) | 8.5% | 30.6% | |
| Max Drawdown | -40.0% | -83.0% | |
| Fund Family | Nuveen | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 7, 1987 | Mar 10, 1999 |
NNY vs QQQ Performance
Nuveen New York Municipal Value Fund Inc. (NNY) is a ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NNY returned +7.34% while QQQ returned +26.68%. Year to date, NNY is down 0.10% versus a gain of 19.52% for QQQ.
Over three years, NNY compounded at +4.27% per year against +26.64% for QQQ; over five years the annualized figures are -0.35% and +15.36% respectively. Across the full 27-year window we track, QQQ has the edge at +13.14% annualized vs -0.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.5% for NNY. 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 -40.0% for NNY 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 0.14. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
NNY and QQQ share 0 holdings out of 174 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, NNY or QQQ?
Over the past year NNY returned +7.34% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (27 years), NNY annualized -0.23% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, NNY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.5% for NNY. Worst drawdown: NNY -40.0% vs QQQ -83.0%.
Should I hold both NNY and QQQ?
NNY and QQQ have a monthly-return correlation of 0.14, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NNY and QQQ?
NNY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 174 unique securities.
Which pays a higher dividend, NNY or QQQ?
NNY yields 4.05% while QQQ yields 0.44%, so NNY currently pays the higher dividend yield.
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