FTNY vs QQQ
FTNY vs QQQ
Franklin New York Municipal Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FTNY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.18% | |
| AUM | $597M | $455.8B | |
| Dividend Yield | 2.80% | 0.41% | |
| Holdings | 284 | 108 | |
| YTD Return | +0.94% | +16.83% | |
| 1Y Return | - | +26.58% | |
| 3Y Return (annualized) | - | +24.70% | |
| 5Y Return (annualized) | - | +14.88% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -3.1% | -83.0% | |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 2, 1983 | Mar 10, 1999 |
FTNY vs QQQ Performance
Franklin New York Municipal Income ETF (FTNY) is a ETF from Franklin Templeton Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, FTNY is up 0.94% versus a gain of 16.83% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.1% for FTNY and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FTNY charges 0.36% per year while QQQ charges 0.18%. On a $10,000 position that is $36 vs $18 annually, a gap of $18 per year that compounds over a long holding period. On income, FTNY currently yields 2.80% against 0.41% for QQQ.
Holdings Overlap
FTNY and QQQ share 0 holdings out of 190 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, FTNY or QQQ?
FTNY has an expense ratio of 0.36% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
What is the holdings overlap between FTNY and QQQ?
FTNY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 190 unique securities.
Which pays a higher dividend, FTNY or QQQ?
FTNY yields 2.80% while QQQ yields 0.41%, so FTNY currently pays the higher dividend yield.
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