PYLD vs QQQ
PIMCO Multisector Bond Active Exchange-Traded Fund vs Invesco QQQ Trust, Series 1
Which is better, PYLD or QQQ?
Intermediate Term Bond against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PYLD | QQQ |
|---|---|---|
| Expense Ratio | 0.64% | 0.18%Best |
| AUM | $15.6B | $483.5B |
| Dividend Yield | 6.42% | 0.44% |
| Holdings | 2,082 | 107 |
| YTD Return | +0.05% | +15.21%Best |
| 1Y Return | +1.81% | +19.78%Best |
| 3Y Return (annualized) | +7.70% | +24.58%Best |
| 5Y Return (annualized) | - | +13.93% |
| Volatility (annualized) | 4.9%Best | 17.3% |
| Max Drawdown | -4.5%Best | -22.8% |
| $10,000 over 3.2 years | $12,451 | $19,436Best |
| Fund Family | PIMCO (US) | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Intermediate Term Bond | Large Cap Growth |
| Inception | Jun 21, 2023 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jun 22, 2023 to Sep 16, 2026 (3.2 years).
PYLD vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
PYLD vs QQQ Performance
PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is an ETF from PIMCO (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PYLD returned +1.81% while QQQ returned +19.78%. Year to date, PYLD is up 0.05% versus a gain of 15.21% for QQQ.
Over three years, PYLD compounded at +7.70% per year against +24.58% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 4.9% for PYLD. 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 -4.5% for PYLD and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PYLD charges 0.64% per year while QQQ charges 0.18%. On a $10,000 position that is $64 vs $18 annually, a gap of $46 per year that compounds over a long holding period. On income, PYLD currently yields 6.42% against 0.44% for QQQ.
Holdings Overlap
At least 0.8% of QQQ's money is in holdings PYLD also owns.
Stated as a floor: for PYLD, our book for it covers 42.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 507 positions we hold weights for in PYLD and 102 in QQQ, against full books of 2,082 and 107.
Top Shared Holdings
| Stock | Weight in PYLD | Weight in QQQ | Difference |
|---|---|---|---|
| TMUST-Mobile Us Inc Com Usd0.00001 | 0.04% | 0.82% | 0.78% |
You are not choosing between two funds in isolation.
Whichever of PYLD and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PYLD or QQQ?
PYLD has an expense ratio of 0.64% while QQQ charges 0.18%. QQQ is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, PYLD or QQQ?
Over the past year PYLD returned +1.81% vs +19.78% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PYLD or QQQ?
QQQ has been the more volatile fund at 17.3% annualized versus 4.9% for PYLD. Worst drawdown: PYLD -4.5% vs QQQ -22.8%.
Should I hold both PYLD and QQQ?
PYLD and QQQ have a monthly-return correlation of 0.56, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PYLD or QQQ?
PYLD yields 6.42% while QQQ yields 0.44%, so PYLD currently pays the higher dividend yield.
Is QQQ better than PYLD?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.