QQQ vs ZMUN
Invesco QQQ Trust, Series 1 vs F/m Ultrashort Tax Free Municipal ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. ZMUN offers more diversification with 177 holdings.
Side-by-Side Comparison
| Metric | QQQ | ZMUN | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.30% | |
| AUM | $496.3B | $36M | |
| Dividend Yield | 0.44% | 2.92% | |
| Holdings | 108 | 177 | |
| YTD Return | +16.64% | +2.21% | |
| 1Y Return | +27.27% | +2.97% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | - | |
| Max Drawdown | -83.0% | -0.1% | |
| Fund Family | Invesco (US) | F-m investments | |
| Category | Equity | Tax Preferred | |
| Inception | Mar 10, 1999 | Sep 30, 2025 |
QQQ vs ZMUN Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and F/m Ultrashort Tax Free Municipal ETF (ZMUN) is a ETF from F-m investments. Over the past year QQQ returned +27.27% while ZMUN returned +2.97%. Year to date, QQQ is up 16.64% versus a gain of 2.21% for ZMUN.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -83.0% for QQQ and -0.1% for ZMUN. 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 ZMUN charges 0.30%. On a $10,000 position that is $18 vs $30 annually, a gap of $12 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 2.92% for ZMUN.
Holdings Overlap
QQQ and ZMUN share 0 holdings out of 129 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 ZMUN?
QQQ has an expense ratio of 0.18% while ZMUN charges 0.30%. QQQ is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, QQQ or ZMUN?
Over the past year QQQ returned +27.27% vs +2.97% for ZMUN, so QQQ leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between QQQ and ZMUN?
QQQ and ZMUN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 129 unique securities.
Which pays a higher dividend, QQQ or ZMUN?
QQQ yields 0.44% while ZMUN yields 2.92%, so ZMUN currently pays the higher dividend yield.
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