GMUB vs QQQ
Goldman Sachs Municipal Income ETF vs Invesco QQQ Trust, Series 1
Which is better, GMUB or QQQ?
High Yield Municipal Bond against Large Cap Growth.
QQQ led over 1Y 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 | GMUB | QQQ |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $618M | $506.1B |
| Dividend Yield | 3.58% | 0.42% |
| Holdings | 1,420 | 321 |
| YTD Return | -1.98% | +19.30%Best |
| 1Y Return | -0.62% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 3.9%Best | 17.6% |
| Max Drawdown | -5.3%Best | -22.8% |
| $10,000 over 2.2 years | $10,468 | $16,021Best |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | High Yield Municipal Bond | Large Cap Growth |
| Inception | Jul 23, 2024 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 25, 2024 to Oct 14, 2026 (2.2 years).
GMUB vs QQQ 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 covers the 2.2 years both funds cover.
GMUB vs QQQ Performance
Goldman Sachs Municipal Income ETF (GMUB) is an ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GMUB returned -0.62% while QQQ returned +22.47%. Year to date, GMUB is down 1.98% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 3.9% for GMUB. 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 -5.3% for GMUB and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GMUB charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, GMUB currently yields 3.58% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 182 holdings in GMUB and 101 in QQQ, totalling 22.7% and 99.6% 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 182 positions we hold weights for in GMUB and 101 in QQQ, against full books of 1,420 and 321.
You are not choosing between two funds in isolation.
Whichever of GMUB and QQQ 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, GMUB or QQQ?
GMUB has an expense ratio of 0.18% while QQQ charges 0.18%. At the precision these are quoted to, they cost the same.
Which performed better, GMUB or QQQ?
Over the past year GMUB returned -0.62% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), GMUB annualized +2.10% vs +23.89% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GMUB or QQQ?
QQQ has been the more volatile fund at 17.6% annualized versus 3.9% for GMUB. Worst drawdown: GMUB -5.3% vs QQQ -22.8%.
Should I hold both GMUB and QQQ?
GMUB and QQQ have a monthly-return correlation of 0.36, 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, GMUB or QQQ?
GMUB yields 3.58% while QQQ yields 0.42%, so GMUB currently pays the higher dividend yield.
Is QQQ better than GMUB?
QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.