QQQ vs XMPT
Invesco QQQ Trust, Series 1 vs VanEck CEF Municipal Income ETF
Which is better, QQQ or XMPT?
Large Cap Growth against Municipal Bond.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 59.5%.
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 | XMPT |
|---|---|---|
| Expense Ratio | 0.18%Best | 1.97% |
| AUM | $483.5B | $219M |
| Dividend Yield | 0.44% | 6.45% |
| Holdings | 107 | 39 |
| YTD Return | +21.71%Best | -11.01% |
| 1Y Return | +25.89%Best | -9.39% |
| 3Y Return (annualized) | +28.80%Best | +4.84% |
| 5Y Return (annualized) | +15.67%Best | -4.22% |
| Volatility (annualized) | 17.6%Best | 42.1% |
| Max Drawdown | -35.1%Best | -56.3% |
| $10,000 over 5 years | $20,706Best | $8,061 |
| Top 10 Weight | 46.5%Best | 59.5% |
| Fund Family | Invesco (US) | VanEck |
| Category | Equity | Tax Preferred |
| Style | Large Cap Growth | Municipal Bond |
| Inception | Mar 10, 1999 | Jul 12, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jul 13, 2011 to Sep 25, 2026 (15.2 years).
QQQ vs XMPT 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 XMPT Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and VanEck CEF Municipal Income ETF (XMPT) is an ETF from VanEck. Over the past year QQQ returned +25.89% while XMPT returned -9.39%. Year to date, QQQ is up 21.71% versus a loss of 11.01% for XMPT.
Over three years, QQQ compounded at +28.80% per year against +4.84% for XMPT; over five years the annualized figures are +15.67% and -4.22% respectively. Across the full 15-year window we track, QQQ has the edge at +18.56% annualized vs +3.08%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XMPT has been the more volatile fund, with annualized monthly volatility of 42.1% compared with 17.6% for QQQ. 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 -56.3% for XMPT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.06. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while XMPT charges 1.97%. On a $10,000 position that is $18 vs $197 annually, a gap of $179 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 6.45% for XMPT.
Holdings Overlap
We hold position weights for 102 holdings in QQQ and 37 in XMPT, totalling 99.9% and 100.2% 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 37 in XMPT, against full books of 107 and 39.
What only one of them owns
Measured across the 102 and 37 positions we hold weights for.
QQQ holds 96 positions XMPT does not, 97.5% of the fund.
Largest: NVDA 8.44%, AAPL 7.27%, MSFT 5.76%, AMZN 4.67%, MU 4.43%
You are not choosing between two funds in isolation.
Whichever of QQQ and XMPT 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 XMPT?
QQQ has an expense ratio of 0.18% while XMPT charges 1.97%. QQQ is the cheaper option, by $179 a year on a $10,000 investment.
Which performed better, QQQ or XMPT?
Over the past year QQQ returned +25.89% vs -9.39% for XMPT, so QQQ leads on 1-year performance. Over the longest common window we track (15 years), QQQ annualized +18.56% vs +3.08% for XMPT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or XMPT?
XMPT has been the more volatile fund at 42.1% annualized versus 17.6% for QQQ. Worst drawdown: QQQ -35.1% vs XMPT -56.3%.
Should I hold both QQQ and XMPT?
QQQ and XMPT have a monthly-return correlation of 0.06, 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 XMPT?
QQQ yields 0.44% while XMPT yields 6.45%, so XMPT currently pays the higher dividend yield.
Is XMPT better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 59.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.