NRK vs QQQ
Nuveen New York AMT-Free Quality Municipal Income Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. NRK offers more diversification with 230 holdings.
Side-by-Side Comparison
| Metric | NRK | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.18% | |
| AUM | - | $496.3B | |
| Dividend Yield | 7.86% | 0.44% | |
| Holdings | 230 | 108 | |
| YTD Return | +5.62% | +16.64% | |
| 1Y Return | +17.52% | +27.27% | |
| 3Y Return (annualized) | +8.37% | +25.96% | |
| 5Y Return (annualized) | -0.79% | +14.54% | |
| Volatility (annualized) | 12.2% | 30.6% | |
| Max Drawdown | -46.4% | -83.0% | |
| Fund Family | Nuveen | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Nov 21, 2002 | Mar 10, 1999 |
NRK vs QQQ Performance
Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) is a ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NRK returned +17.52% while QQQ returned +27.27%. Year to date, NRK is up 5.62% versus a gain of 16.64% for QQQ.
Over three years, NRK compounded at +8.37% per year against +25.96% for QQQ; over five years the annualized figures are -0.79% and +14.54% respectively. Across the full 24-year window we track, QQQ has the edge at +13.03% annualized vs -0.31%. 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 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 -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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
NRK and QQQ share 0 holdings out of 203 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, NRK or QQQ?
Over the past year NRK returned +17.52% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (24 years), NRK annualized -0.31% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NRK or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.2% for NRK. Worst drawdown: NRK -46.4% vs QQQ -83.0%.
Should I hold both NRK and QQQ?
NRK and QQQ have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NRK and QQQ?
NRK and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 203 unique securities.
Which pays a higher dividend, NRK or QQQ?
NRK yields 7.86% while QQQ yields 0.44%, so NRK currently pays the higher dividend yield.
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