NYF vs QQQ
iShares New York Municipal Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. NYF offers more diversification with 202 holdings.
Side-by-Side Comparison
| Metric | NYF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.18% | |
| AUM | $1.4B | $455.8B | |
| Dividend Yield | 3.08% | 0.41% | |
| Holdings | 894 | 108 | |
| YTD Return | +0.65% | +19.68% | |
| 1Y Return | +4.77% | +26.75% | |
| 3Y Return (annualized) | +3.09% | +26.25% | |
| 5Y Return (annualized) | +0.61% | +15.39% | |
| Volatility (annualized) | 5.7% | 30.6% | |
| Max Drawdown | -13.2% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 4, 2007 | Mar 10, 1999 |
NYF vs QQQ Performance
iShares New York Municipal Bond ETF (NYF) is a ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NYF returned +4.77% while QQQ returned +26.75%. Year to date, NYF is up 0.65% versus a gain of 19.68% for QQQ.
Over three years, NYF compounded at +3.09% per year against +26.25% for QQQ; over five years the annualized figures are +0.61% and +15.39% respectively. Across the full 19-year window we track, QQQ has the edge at +13.15% annualized vs +0.97%. 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 5.7% for NYF. 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 -13.2% for NYF 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NYF charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, NYF currently yields 3.08% against 0.41% for QQQ.
Holdings Overlap
NYF and QQQ share 0 holdings out of 305 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, NYF or QQQ?
NYF has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, NYF or QQQ?
Over the past year NYF returned +4.77% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), NYF annualized +0.97% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, NYF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.7% for NYF. Worst drawdown: NYF -13.2% vs QQQ -83.0%.
Should I hold both NYF and QQQ?
NYF and QQQ have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NYF and QQQ?
NYF and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 305 unique securities.
Which pays a higher dividend, NYF or QQQ?
NYF yields 3.08% while QQQ yields 0.41%, so NYF currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.