QQQ vs RMI
Invesco QQQ Trust, Series 1 vs RiverNorth Opportunistic Municipal Income Fund, Inc.
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 | QQQ | RMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 3.34% | |
| AUM | $496.3B | $102M | |
| Dividend Yield | 0.44% | 6.91% | |
| Holdings | 108 | 100 | |
| YTD Return | +16.64% | +10.77% | |
| 1Y Return | +27.27% | +18.54% | |
| 3Y Return (annualized) | +25.96% | +6.76% | |
| 5Y Return (annualized) | +14.54% | -0.57% | |
| Volatility (annualized) | 30.6% | 15.7% | |
| Max Drawdown | -83.0% | -32.7% | |
| Fund Family | Invesco (US) | RiverNorth | |
| Category | Equity | Tax Preferred | |
| Inception | Mar 10, 1999 | Oct 25, 2018 |
QQQ vs RMI Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is a ETF from RiverNorth. Over the past year QQQ returned +27.27% while RMI returned +18.54%. Year to date, QQQ is up 16.64% versus a gain of 10.77% for RMI.
Over three years, QQQ compounded at +25.96% per year against +6.76% for RMI; over five years the annualized figures are +14.54% and -0.57% respectively. Across the full 8-year window we track, QQQ has the edge at +13.03% annualized vs +2.08%. 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 15.7% for RMI. 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 -83.0% for QQQ and -32.7% for RMI. 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RMI charges 3.34%. On a $10,000 position that is $18 vs $334 annually, a gap of $316 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 6.91% for RMI.
Holdings Overlap
QQQ and RMI share 0 holdings out of 152 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, QQQ or RMI?
QQQ has an expense ratio of 0.18% while RMI charges 3.34%. QQQ is the cheaper option. On a $10,000 investment, that is $316 per year of difference.
Which performed better, QQQ or RMI?
Over the past year QQQ returned +27.27% vs +18.54% for RMI, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), QQQ annualized +13.03% vs +2.08% for RMI. Past performance does not guarantee future results.
Which is riskier, QQQ or RMI?
QQQ has been the more volatile fund at 30.6% annualized versus 15.7% for RMI. Worst drawdown: QQQ -83.0% vs RMI -32.7%.
Should I hold both QQQ and RMI?
QQQ and RMI have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RMI?
QQQ and RMI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 152 unique securities.
Which pays a higher dividend, QQQ or RMI?
QQQ yields 0.44% while RMI yields 6.91%, so RMI currently pays the higher dividend yield.
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