QQQ vs RMNY
Invesco QQQ Trust, Series 1 vs Rockefeller New York Municipal Bond ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | RMNY | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.55% | |
| AUM | $455.8B | $28M | |
| Dividend Yield | 0.41% | 4.68% | |
| Holdings | 108 | 84 | |
| YTD Return | +18.31% | +2.33% | |
| 1Y Return | +25.37% | +7.38% | |
| 3Y Return (annualized) | +25.79% | - | |
| 5Y Return (annualized) | +15.20% | - | |
| Volatility (annualized) | 30.6% | 4.5% | |
| Max Drawdown | -83.0% | -5.9% | |
| Fund Family | Invesco (US) | Rockefeller Capital Management | |
| Category | Equity | Tax Preferred | |
| Inception | Mar 10, 1999 | Aug 12, 2024 |
QQQ vs RMNY Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Rockefeller New York Municipal Bond ETF (RMNY) is a ETF from Rockefeller Capital Management. Over the past year QQQ returned +25.37% while RMNY returned +7.38%. Year to date, QQQ is up 18.31% versus a gain of 2.33% for RMNY.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 4.5% for RMNY. 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 -5.9% for RMNY. 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RMNY charges 0.55%. On a $10,000 position that is $18 vs $55 annually, a gap of $37 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 4.68% for RMNY.
Holdings Overlap
QQQ and RMNY share 0 holdings out of 133 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 RMNY?
QQQ has an expense ratio of 0.18% while RMNY charges 0.55%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, QQQ or RMNY?
Over the past year QQQ returned +25.37% vs +7.38% for RMNY, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.10% vs +2.71% for RMNY. Past performance does not guarantee future results.
Which is riskier, QQQ or RMNY?
QQQ has been the more volatile fund at 30.6% annualized versus 4.5% for RMNY. Worst drawdown: QQQ -83.0% vs RMNY -5.9%.
Should I hold both QQQ and RMNY?
QQQ and RMNY have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RMNY?
QQQ and RMNY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 133 unique securities.
Which pays a higher dividend, QQQ or RMNY?
QQQ yields 0.41% while RMNY yields 4.68%, so RMNY currently pays the higher dividend yield.
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