BKAG vs QQQ
BKAG vs QQQ
BNY Mellon Core Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
BKAG has a lower expense ratio. QQQ delivered stronger 1-year returns. BKAG offers more diversification with 4433 holdings.
Side-by-Side Comparison
| Metric | BKAG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.18% | |
| AUM | $2.2B | $455.8B | |
| Dividend Yield | 4.22% | 0.41% | |
| Holdings | 5,305 | 108 | |
| YTD Return | -0.63% | +12.48% | |
| 1Y Return | +2.72% | +22.35% | |
| 3Y Return (annualized) | +3.78% | +22.30% | |
| 5Y Return (annualized) | -0.55% | +14.24% | |
| Volatility (annualized) | 5.9% | 30.6% | |
| Max Drawdown | -19.2% | -83.0% | |
| Fund Family | BNY Mellon Investment Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 22, 2020 | Mar 10, 1999 |
BKAG vs QQQ Performance
BNY Mellon Core Bond ETF (BKAG) is a ETF from BNY Mellon Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BKAG returned +2.72% while QQQ returned +22.35%. Year to date, BKAG is down 0.63% versus a gain of 12.48% for QQQ.
Over three years, BKAG compounded at +3.78% per year against +22.30% for QQQ; over five years the annualized figures are -0.55% and +14.24% respectively. Across the full 6-year window we track, QQQ has the edge at +12.91% annualized vs -0.33%. 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 5.9% for BKAG. 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 -19.2% for BKAG 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BKAG charges 0.00% per year while QQQ charges 0.18%. On a $10,000 position that is $0 vs $18 annually, a gap of $18 per year that compounds over a long holding period. On income, BKAG currently yields 4.22% against 0.41% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, BKAG or QQQ?
BKAG has an expense ratio of 0.00% while QQQ charges 0.18%. BKAG is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, BKAG or QQQ?
Over the past year BKAG returned +2.72% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), BKAG annualized -0.33% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, BKAG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.9% for BKAG. Worst drawdown: BKAG -19.2% vs QQQ -83.0%.
Should I hold both BKAG and QQQ?
BKAG and QQQ have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKAG and QQQ?
BKAG and QQQ share 2 common holdings with a 0.0% weight overlap. Combined, they hold 4534 unique securities.
Which pays a higher dividend, BKAG or QQQ?
BKAG yields 4.22% while QQQ yields 0.41%, so BKAG currently pays the higher dividend yield.
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