PCMM vs QQQ
BondBloxx Private Credit CLO ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | PCMM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.18% | |
| AUM | $200M | $496.3B | |
| Dividend Yield | 6.47% | 0.44% | |
| Holdings | 82 | 108 | |
| YTD Return | +3.10% | +16.64% | |
| 1Y Return | +4.71% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 2.5% | 30.6% | |
| Max Drawdown | -4.0% | -83.0% | |
| Fund Family | BondBloxx | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 2, 2024 | Mar 10, 1999 |
PCMM vs QQQ Performance
BondBloxx Private Credit CLO ETF (PCMM) is a ETF from BondBloxx and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PCMM returned +4.71% while QQQ returned +27.27%. Year to date, PCMM is up 3.10% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 2.5% for PCMM. 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 -4.0% for PCMM 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PCMM charges 0.68% per year while QQQ charges 0.18%. On a $10,000 position that is $68 vs $18 annually, a gap of $50 per year that compounds over a long holding period. On income, PCMM currently yields 6.47% against 0.44% for QQQ.
Frequently Asked Questions
Which is cheaper, PCMM or QQQ?
PCMM has an expense ratio of 0.68% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, PCMM or QQQ?
Over the past year PCMM returned +4.71% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), PCMM annualized +7.18% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, PCMM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.5% for PCMM. Worst drawdown: PCMM -4.0% vs QQQ -83.0%.
Should I hold both PCMM and QQQ?
PCMM and QQQ have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, PCMM or QQQ?
PCMM yields 6.47% while QQQ yields 0.44%, so PCMM currently pays the higher dividend yield.
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