QQQ vs TMNS
Invesco QQQ Trust, Series 1 vs T. Rowe Price Short Municipal Income ETF
Quick Verdict
TMNS offers more diversification with 139 holdings.
Side-by-Side Comparison
| Metric | QQQ | TMNS | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.18% | |
| AUM | $496.3B | $22M | |
| Dividend Yield | 0.44% | 2.29% | |
| Holdings | 108 | 139 | |
| YTD Return | +16.23% | +1.30% | |
| 1Y Return | +26.23% | - | |
| 3Y Return (annualized) | +25.75% | - | |
| 5Y Return (annualized) | +14.78% | - | |
| Volatility (annualized) | 30.6% | - | |
| Max Drawdown | -83.0% | -1.3% | |
| Fund Family | Invesco (US) | T.Rowe Price | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Nov 19, 2025 |
QQQ vs TMNS Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and T. Rowe Price Short Municipal Income ETF (TMNS) is a ETF from T.Rowe Price. Year to date, QQQ is up 16.23% versus a gain of 1.30% for TMNS.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -83.0% for QQQ and -1.3% for TMNS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
QQQ charges 0.18% per year while TMNS charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, QQQ currently yields 0.44% against 2.29% for TMNS.
Holdings Overlap
QQQ and TMNS share 0 holdings out of 144 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 TMNS?
QQQ has an expense ratio of 0.18% while TMNS charges 0.18%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
What is the holdings overlap between QQQ and TMNS?
QQQ and TMNS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 144 unique securities.
Which pays a higher dividend, QQQ or TMNS?
QQQ yields 0.44% while TMNS yields 2.29%, so TMNS currently pays the higher dividend yield.
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