QQQ vs VPV
Invesco QQQ Trust, Series 1 vs Invesco Pennsylvania Value Municipal Income Trust
Which is better, QQQ or VPV?
Large Cap Growth against Municipal Pennsylvania.
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 | VPV |
|---|---|---|
| Expense Ratio | 0.18%Best | 1.71% |
| AUM | $483.5B | $3,177.19 |
| Dividend Yield | 0.44% | 7.70% |
| Holdings | 107 | 141 |
| YTD Return | +16.87%Best | +9.58% |
| 1Y Return | +22.98%Best | +14.71% |
| 3Y Return (annualized) | +24.98%Best | +12.48% |
| 5Y Return (annualized) | +14.39%Best | +1.72% |
| Volatility (annualized) | 30.6% | 13.6%Best |
| Max Drawdown | -83.0% | -57.3%Best |
| $10,000 over 5 years | $19,586Best | $10,890 |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Growth | Municipal Pennsylvania |
| Inception | Mar 10, 1999 | Apr 30, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 10, 1999 to Sep 11, 2026 (27.5 years).
QQQ vs VPV 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 VPV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco Pennsylvania Value Municipal Income Trust (VPV) is an ETF from Invesco (US). Over the past year QQQ returned +22.98% while VPV returned +14.71%. Year to date, QQQ is up 16.87% versus a gain of 9.58% for VPV.
Over three years, QQQ compounded at +24.98% per year against +12.48% for VPV; over five years the annualized figures are +14.39% and +1.72% respectively. Across the full 28-year window we track, QQQ has the edge at +13.01% annualized vs +0.08%.
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 13.6% for VPV. 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 -57.3% for VPV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.09. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while VPV charges 1.71%. On a $10,000 position that is $18 vs $171 annually, a gap of $153 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 7.70% for VPV.
You are not choosing between two funds in isolation.
Whichever of QQQ and VPV 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 VPV?
QQQ has an expense ratio of 0.18% while VPV charges 1.71%. QQQ is the cheaper option, by $153 a year on a $10,000 investment.
Which performed better, QQQ or VPV?
Over the past year QQQ returned +22.98% vs +14.71% for VPV, so QQQ leads on 1-year performance. Over the longest common window we track (28 years), QQQ annualized +13.01% vs +0.08% for VPV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or VPV?
QQQ has been the more volatile fund at 30.6% annualized versus 13.6% for VPV. Worst drawdown: QQQ -83.0% vs VPV -57.3%.
Should I hold both QQQ and VPV?
QQQ and VPV have a monthly-return correlation of 0.09, 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 VPV?
QQQ yields 0.44% while VPV yields 7.70%, so VPV currently pays the higher dividend yield.
Is VPV 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.