QQQ vs SUB
Invesco QQQ Trust, Series 1 vs iShares Short-Term National Muni Bond ETF
Which is better, QQQ or SUB?
Large Cap Growth against Municipal Bond.
SUB has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y 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 | QQQ | SUB |
|---|---|---|
| Expense Ratio | 0.18% | 0.07%Best |
| AUM | $483.5B | $11.6B |
| Dividend Yield | 0.44% | 2.56% |
| Holdings | 107 | 2,925 |
| YTD Return | +17.21%Best | +0.48% |
| 1Y Return | +22.10%Best | +1.00% |
| 3Y Return (annualized) | +25.27%Best | +2.91% |
| 5Y Return (annualized) | +14.60%Best | +1.38% |
| Volatility (annualized) | 17.7% | 1.7%Best |
| Max Drawdown | -35.1% | -11.7%Best |
| $10,000 over 5 years | $19,766Best | $10,709 |
| Fund Family | Invesco (US) | iShares by BlackRock (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Growth | Municipal Bond |
| Inception | Mar 10, 1999 | Nov 5, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2008 to Sep 17, 2026 (17.9 years).
QQQ vs SUB 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QQQ vs SUB Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and iShares Short-Term National Muni Bond ETF (SUB) is an ETF from iShares by BlackRock (US). Over the past year QQQ returned +22.10% while SUB returned +1.00%. Year to date, QQQ is up 17.21% versus a gain of 0.48% for SUB.
Over three years, QQQ compounded at +25.27% per year against +2.91% for SUB; over five years the annualized figures are +14.60% and +1.38% respectively. Across the full 18-year window we track, QQQ has the edge at +19.40% annualized vs +0.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 1.7% for SUB. 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 -35.1% for QQQ and -11.7% for SUB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.28. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while SUB charges 0.07%. On a $10,000 position that is $18 vs $7 annually, a gap of $11 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 2.56% for SUB.
Holdings Overlap
We hold position weights for 102 holdings in QQQ and 762 in SUB, totalling 99.9% and 29.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 102 positions we hold weights for in QQQ and 762 in SUB, against full books of 107 and 2,925.
You are not choosing between two funds in isolation.
Whichever of QQQ and SUB 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, QQQ or SUB?
QQQ has an expense ratio of 0.18% while SUB charges 0.07%. SUB is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, QQQ or SUB?
Over the past year QQQ returned +22.10% vs +1.00% for SUB, so QQQ leads on 1-year performance. Over the longest common window we track (18 years), QQQ annualized +19.40% vs +0.78% for SUB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SUB?
QQQ has been the more volatile fund at 17.7% annualized versus 1.7% for SUB. Worst drawdown: QQQ -35.1% vs SUB -11.7%.
Should I hold both QQQ and SUB?
QQQ and SUB have a monthly-return correlation of 0.28, 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, QQQ or SUB?
QQQ yields 0.44% while SUB yields 2.56%, so SUB currently pays the higher dividend yield.
Is SUB better than QQQ?
SUB has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.