PUSH vs QQQ
PUSH vs QQQ
PGIM Ultra Short Municipal Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
PUSH has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | PUSH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.18% | |
| AUM | $107M | $455.8B | |
| Dividend Yield | 3.77% | 0.41% | |
| Holdings | 182 | 108 | |
| YTD Return | +1.76% | +18.20% | |
| 1Y Return | +3.18% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 0.8% | 30.6% | |
| Max Drawdown | -0.8% | -83.0% | |
| Fund Family | PGIM Investments | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jun 24, 2024 | Mar 10, 1999 |
PUSH vs QQQ Performance
PGIM Ultra Short Municipal Bond ETF (PUSH) is a ETF from PGIM Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PUSH returned +3.18% while QQQ returned +27.63%. Year to date, PUSH is up 1.76% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 0.8% for PUSH. 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 -0.8% for PUSH 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 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PUSH charges 0.15% per year while QQQ charges 0.18%. On a $10,000 position that is $15 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, PUSH currently yields 3.77% against 0.41% for QQQ.
Holdings Overlap
PUSH and QQQ share 0 holdings out of 150 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, PUSH or QQQ?
PUSH has an expense ratio of 0.15% while QQQ charges 0.18%. PUSH is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, PUSH or QQQ?
Over the past year PUSH returned +3.18% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), PUSH annualized +3.66% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, PUSH or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 0.8% for PUSH. Worst drawdown: PUSH -0.8% vs QQQ -83.0%.
Should I hold both PUSH and QQQ?
PUSH and QQQ have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PUSH and QQQ?
PUSH and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 150 unique securities.
Which pays a higher dividend, PUSH or QQQ?
PUSH yields 3.77% while QQQ yields 0.41%, so PUSH currently pays the higher dividend yield.
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