NRK vs QQQ
Nuveen New York AMT-Free Quality Municipal Income Fund vs Invesco QQQ Trust, Series 1
Which is better, NRK or QQQ?
Municipal New York against Large Cap Growth.
QQQ led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NRK | QQQ |
|---|---|---|
| Expense Ratio | - | 0.18% |
| AUM | - | $483.5B |
| Dividend Yield | 7.94% | 0.44% |
| Holdings | 230 | 107 |
| YTD Return | +3.38% | +17.21%Best |
| 1Y Return | +6.25% | +22.10%Best |
| 3Y Return (annualized) | +7.87% | +25.27%Best |
| 5Y Return (annualized) | -0.87% | +14.60%Best |
| Volatility (annualized) | 12.2%Best | 18.3% |
| Max Drawdown | -46.4%Best | -53.5% |
| $10,000 over 5 years | $9,573 | $19,766Best |
| Fund Family | Nuveen | Invesco (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal New York | Large Cap Growth |
| Inception | Nov 21, 2002 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 22, 2002 to Sep 17, 2026 (23.8 years).
NRK vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NRK vs QQQ Performance
Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) is an ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year NRK returned +6.25% while QQQ returned +22.10%. Year to date, NRK is up 3.38% versus a gain of 17.21% for QQQ.
Over three years, NRK compounded at +7.87% per year against +25.27% for QQQ; over five years the annualized figures are -0.87% and +14.60% respectively. Across the full 24-year window we track, QQQ has the edge at +14.79% annualized vs -0.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 12.2% for NRK. 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 -46.4% for NRK and -53.5% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.34. They move together some of the time, and apart the rest.
Holdings Overlap
We hold position weights for 101 holdings in NRK and 102 in QQQ, totalling 77.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 158 days apart, NRK as of Feb 28, 2026 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 101 positions we hold weights for in NRK and 102 in QQQ, against full books of 230 and 107.
You are not choosing between two funds in isolation.
Whichever of NRK and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which performed better, NRK or QQQ?
Over the past year NRK returned +6.25% vs +22.10% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (24 years), NRK annualized -0.39% vs +14.79% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NRK or QQQ?
QQQ has been the more volatile fund at 18.3% annualized versus 12.2% for NRK. Worst drawdown: NRK -46.4% vs QQQ -53.5%.
Should I hold both NRK and QQQ?
NRK and QQQ have a monthly-return correlation of 0.34, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NRK or QQQ?
NRK yields 7.94% while QQQ yields 0.44%, so NRK currently pays the higher dividend yield.
Is QQQ better than NRK?
QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.