QQQ vs VKQ
Invesco QQQ Trust, Series 1 vs Invesco Municipal Trust
Which is better, QQQ or VKQ?
Large Cap Growth against Municipal Bond.
QQQ 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 | VKQ |
|---|---|---|
| Expense Ratio | 0.18%Best | 1.77% |
| AUM | $498.6B | $516M |
| Dividend Yield | 0.42% | 7.79% |
| Holdings | 321 | 542 |
| YTD Return | +22.95%Best | -5.51% |
| 1Y Return | +23.60%Best | -3.15% |
| 3Y Return (annualized) | +27.53%Best | +8.40% |
| 5Y Return (annualized) | +16.67%Best | -1.94% |
| Volatility (annualized) | 30.5% | 14.6%Best |
| Max Drawdown | -83.0% | -56.2%Best |
| $10,000 over 5 years | $21,617Best | $9,067 |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Growth | Municipal Bond |
| Inception | Mar 10, 1999 | Sep 27, 1991 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 10, 1999 to Oct 9, 2026 (27.6 years).
QQQ vs VKQ 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 VKQ Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco Municipal Trust (VKQ) is an ETF from Invesco (US). Over the past year QQQ returned +23.60% while VKQ returned -3.15%. Year to date, QQQ is up 22.95% versus a loss of 5.51% for VKQ.
Over three years, QQQ compounded at +27.53% per year against +8.40% for VKQ; over five years the annualized figures are +16.67% and -1.94% respectively. Across the full 28-year window we track, QQQ has the edge at +13.18% annualized vs -1.05%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.5% compared with 14.6% for VKQ. 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 -56.2% for VKQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.13. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while VKQ charges 1.77%. On a $10,000 position that is $18 vs $177 annually, a gap of $159 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 7.79% for VKQ.
Holdings Overlap
We hold position weights for 102 holdings in QQQ and 231 in VKQ, totalling 99.9% and 49.5% 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 231 in VKQ, against full books of 321 and 542.
You are not choosing between two funds in isolation.
Whichever of QQQ and VKQ 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 VKQ?
QQQ has an expense ratio of 0.18% while VKQ charges 1.77%. QQQ is the cheaper option, by $159 a year on a $10,000 investment.
Which performed better, QQQ or VKQ?
Over the past year QQQ returned +23.60% vs -3.15% for VKQ, so QQQ leads on 1-year performance. Over the longest common window we track (28 years), QQQ annualized +13.18% vs -1.05% for VKQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or VKQ?
QQQ has been the more volatile fund at 30.5% annualized versus 14.6% for VKQ. Worst drawdown: QQQ -83.0% vs VKQ -56.2%.
Should I hold both QQQ and VKQ?
QQQ and VKQ have a monthly-return correlation of 0.13, 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 VKQ?
QQQ yields 0.42% while VKQ yields 7.79%, so VKQ currently pays the higher dividend yield.
Is VKQ better than QQQ?
QQQ 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.