PVI vs QQQ
Invesco Floating Rate Municipal Income ETF vs Invesco QQQ Trust, Series 1
Which is better, PVI 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 | PVI | QQQ |
|---|---|---|
| Expense Ratio | 0.25% | 0.18%Best |
| AUM | $34M | $506.1B |
| Dividend Yield | 2.21% | 0.42% |
| Holdings | 307 | 321 |
| YTD Return | +1.76% | +19.30%Best |
| 1Y Return | +2.28% | +22.47%Best |
| 3Y Return (annualized) | +2.60% | +26.18%Best |
| 5Y Return (annualized) | +2.11% | +15.42%Best |
| Volatility (annualized) | 0.6%Best | 18.9% |
| Max Drawdown | -4.8%Best | -51.4% |
| $10,000 over 5 years | $11,100 | $20,484Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Growth |
| Inception | Nov 15, 2007 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 15, 2007 to Oct 14, 2026 (18.9 years).
PVI 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.
PVI vs QQQ Performance
Invesco Floating Rate Municipal Income ETF (PVI) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PVI returned +2.28% while QQQ returned +22.47%. Year to date, PVI is up 1.76% versus a gain of 19.30% for QQQ.
Over three years, PVI compounded at +2.60% per year against +26.18% for QQQ; over five years the annualized figures are +2.11% and +15.42% respectively. Across the full 19-year window we track, QQQ has the edge at +15.45% annualized vs +0.52%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 0.6% for PVI. 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 -4.8% for PVI and -51.4% 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 -0.04. They move largely independently of each other.
Fees and Cost Over Time
PVI charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, PVI currently yields 2.21% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 66 holdings in PVI and 101 in QQQ, totalling 53.8% 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 66 positions we hold weights for in PVI and 101 in QQQ, against full books of 307 and 321.
You are not choosing between two funds in isolation.
Whichever of PVI 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, PVI or QQQ?
PVI has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, PVI or QQQ?
Over the past year PVI returned +2.28% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), PVI annualized +0.52% vs +15.45% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PVI or QQQ?
QQQ has been the more volatile fund at 18.9% annualized versus 0.6% for PVI. Worst drawdown: PVI -4.8% vs QQQ -51.4%.
Should I hold both PVI and QQQ?
PVI and QQQ have a monthly-return correlation of -0.04, 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, PVI or QQQ?
PVI yields 2.21% while QQQ yields 0.42%, so PVI currently pays the higher dividend yield.
Is QQQ better than PVI?
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.