QQQ vs TAXM
Invesco QQQ Trust, Series 1 vs BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents
Which is better, QQQ or TAXM?
Large Cap Growth against Municipal Bond.
QQQ has a lower expense ratio. 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 | QQQ | TAXM |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.35% |
| AUM | $506.1B | $40M |
| Dividend Yield | 0.42% | 3.43% |
| Holdings | 321 | 162 |
| YTD Return | +19.30%Best | -3.22% |
| 1Y Return | +22.47%Best | -2.42% |
| 3Y Return (annualized) | +26.18% | - |
| 5Y Return (annualized) | +15.42% | - |
| Volatility (annualized) | 18.8% | 4.7%Best |
| Max Drawdown | -15.7% | -6.2%Best |
| $10,000 over 1.6 years | $15,750Best | $10,040 |
| Fund Family | Invesco (US) | BondBloxx |
| Category | Equity | Tax Preferred |
| Style | Large Cap Growth | Municipal Bond |
| Inception | Mar 10, 1999 | Mar 13, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 13, 2025 to Oct 14, 2026 (1.6 years).
QQQ vs TAXM 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 TAXM Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) is an ETF from BondBloxx. Over the past year QQQ returned +22.47% while TAXM returned -2.42%. Year to date, QQQ is up 19.30% versus a loss of 3.22% for TAXM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 4.7% for TAXM. 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 -15.7% for QQQ and -6.2% for TAXM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.28. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while TAXM charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 3.43% for TAXM.
Holdings Overlap
We hold position weights for 101 holdings in QQQ and 69 in TAXM, totalling 99.6% and 32.5% 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 101 positions we hold weights for in QQQ and 69 in TAXM, against full books of 321 and 162.
You are not choosing between two funds in isolation.
Whichever of QQQ and TAXM 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 TAXM?
QQQ has an expense ratio of 0.18% while TAXM charges 0.35%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, QQQ or TAXM?
Over the past year QQQ returned +22.47% vs -2.42% for TAXM, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +32.83% vs +0.25% for TAXM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TAXM?
QQQ has been the more volatile fund at 18.8% annualized versus 4.7% for TAXM. Worst drawdown: QQQ -15.7% vs TAXM -6.2%.
Should I hold both QQQ and TAXM?
QQQ and TAXM have a monthly-return correlation of 0.28, 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 TAXM?
QQQ yields 0.42% while TAXM yields 3.43%, so TAXM currently pays the higher dividend yield.
Is TAXM better than QQQ?
QQQ has a lower expense ratio. 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.