APMU vs QQQ
APMU vs QQQ
ActivePassive Intermediate Municipal Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. APMU offers more diversification with 329 holdings.
Side-by-Side Comparison
| Metric | APMU | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $244M | $455.8B | |
| Dividend Yield | 2.66% | 0.41% | |
| Holdings | 710 | 108 | |
| YTD Return | -0.19% | +18.20% | |
| 1Y Return | +1.70% | +27.63% | |
| 3Y Return (annualized) | +2.65% | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 3.5% | 30.6% | |
| Max Drawdown | -4.4% | -83.0% | |
| Fund Family | Envestnet Asset Management | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | May 3, 2023 | Mar 10, 1999 |
APMU vs QQQ Performance
ActivePassive Intermediate Municipal Bond ETF (APMU) is a ETF from Envestnet Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year APMU returned +1.70% while QQQ returned +27.63%. Year to date, APMU is down 0.19% versus a gain of 18.20% for QQQ.
Over three years, APMU compounded at +2.65% per year against +25.54% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.11% annualized vs +1.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 3.5% for APMU. 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 -4.4% for APMU and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
APMU charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, APMU currently yields 2.66% against 0.41% for QQQ.
Holdings Overlap
APMU and QQQ share 0 holdings out of 432 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, APMU or QQQ?
APMU has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, APMU or QQQ?
Over the past year APMU returned +1.70% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), APMU annualized +1.84% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, APMU or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 3.5% for APMU. Worst drawdown: APMU -4.4% vs QQQ -83.0%.
Should I hold both APMU and QQQ?
APMU and QQQ have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between APMU and QQQ?
APMU and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 432 unique securities.
Which pays a higher dividend, APMU or QQQ?
APMU yields 2.66% while QQQ yields 0.41%, so APMU currently pays the higher dividend yield.
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