IQI vs QQQ
Invesco Quality Municipal Income Trust vs Invesco QQQ Trust, Series 1
Which is better, IQI or QQQ?
Municipal Bond against Large Cap Growth.
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 | IQI | QQQ |
|---|---|---|
| Expense Ratio | 1.71% | 0.18%Best |
| AUM | $481M | $506.1B |
| Dividend Yield | 8.41% | 0.42% |
| Holdings | 489 | 321 |
| YTD Return | -7.18% | +19.30%Best |
| 1Y Return | -6.07% | +22.47%Best |
| 3Y Return (annualized) | +8.66% | +26.18%Best |
| 5Y Return (annualized) | -2.06% | +15.42%Best |
| Volatility (annualized) | 12.3%Best | 30.5% |
| Max Drawdown | -55.7%Best | -83.0% |
| $10,000 over 5 years | $9,012 | $20,484Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Growth |
| Inception | Sep 29, 1992 | Mar 10, 1999 |
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 14, 2026 (27.6 years).
IQI 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 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.
IQI vs QQQ Performance
Invesco Quality Municipal Income Trust (IQI) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year IQI returned -6.07% while QQQ returned +22.47%. Year to date, IQI is down 7.18% versus a gain of 19.30% for QQQ.
Over three years, IQI compounded at +8.66% per year against +26.18% for QQQ; over five years the annualized figures are -2.06% and +15.42% respectively. Across the full 28-year window we track, QQQ has the edge at +13.05% annualized vs -0.85%.
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 12.3% for IQI. 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 -55.7% for IQI and -83.0% 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 0.16. They move largely independently of each other.
Fees and Cost Over Time
IQI charges 1.71% per year while QQQ charges 0.18%. On a $10,000 position that is $171 vs $18 annually, a gap of $153 per year that compounds over a long holding period. On income, IQI currently yields 8.41% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 203 holdings in IQI and 101 in QQQ, totalling 45.6% 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 203 positions we hold weights for in IQI and 101 in QQQ, against full books of 489 and 321.
You are not choosing between two funds in isolation.
Whichever of IQI 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, IQI or QQQ?
IQI has an expense ratio of 1.71% while QQQ charges 0.18%. QQQ is the cheaper option, by $153 a year on a $10,000 investment.
Which performed better, IQI or QQQ?
Over the past year IQI returned -6.07% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (28 years), IQI annualized -0.85% vs +13.05% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IQI or QQQ?
QQQ has been the more volatile fund at 30.5% annualized versus 12.3% for IQI. Worst drawdown: IQI -55.7% vs QQQ -83.0%.
Should I hold both IQI and QQQ?
IQI and QQQ have a monthly-return correlation of 0.16, 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, IQI or QQQ?
IQI yields 8.41% while QQQ yields 0.42%, so IQI currently pays the higher dividend yield.
Is QQQ better than IQI?
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.