OIA vs QQQ
Invesco Municipal Income Opportunities Trust vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. OIA offers more diversification with 239 holdings.
Side-by-Side Comparison
| Metric | OIA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 2.41% | 0.18% | |
| AUM | $1,753.44 | $496.3B | |
| Dividend Yield | 5.72% | 0.44% | |
| Holdings | 239 | 108 | |
| YTD Return | +3.37% | +16.64% | |
| 1Y Return | +14.34% | +27.27% | |
| 3Y Return (annualized) | +4.86% | +25.96% | |
| 5Y Return (annualized) | -1.28% | +14.54% | |
| Volatility (annualized) | 15.0% | 30.6% | |
| Max Drawdown | -58.7% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Sep 19, 1988 | Mar 10, 1999 |
OIA vs QQQ Performance
Invesco Municipal Income Opportunities Trust (OIA) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OIA returned +14.34% while QQQ returned +27.27%. Year to date, OIA is up 3.37% versus a gain of 16.64% for QQQ.
Over three years, OIA compounded at +4.86% per year against +25.96% for QQQ; over five years the annualized figures are -1.28% and +14.54% respectively. Across the full 27-year window we track, QQQ has the edge at +13.03% annualized vs -0.18%. 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 15.0% for OIA. 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 -58.7% for OIA 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 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OIA charges 2.41% per year while QQQ charges 0.18%. On a $10,000 position that is $241 vs $18 annually, a gap of $223 per year that compounds over a long holding period. On income, OIA currently yields 5.72% against 0.44% for QQQ.
Holdings Overlap
OIA and QQQ share 0 holdings out of 178 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, OIA or QQQ?
OIA has an expense ratio of 2.41% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $223 per year of difference.
Which performed better, OIA or QQQ?
Over the past year OIA returned +14.34% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (27 years), OIA annualized -0.18% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, OIA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.0% for OIA. Worst drawdown: OIA -58.7% vs QQQ -83.0%.
Should I hold both OIA and QQQ?
OIA and QQQ have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OIA and QQQ?
OIA and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 178 unique securities.
Which pays a higher dividend, OIA or QQQ?
OIA yields 5.72% while QQQ yields 0.44%, so OIA 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.