MNBD vs QQQ
MNBD vs QQQ
ALPS BBH Intermediate Municipal Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | MNBD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.44% | 0.18% | |
| AUM | $57M | $455.8B | |
| Dividend Yield | 3.84% | 0.41% | |
| Holdings | 172 | 108 | |
| YTD Return | +0.92% | +16.83% | |
| 1Y Return | +4.27% | +26.58% | |
| 3Y Return (annualized) | +4.20% | +24.70% | |
| 5Y Return (annualized) | - | +14.88% | |
| Volatility (annualized) | 5.1% | 30.6% | |
| Max Drawdown | -5.9% | -83.0% | |
| Fund Family | ALPS ETF Trust | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 19, 2022 | Mar 10, 1999 |
MNBD vs QQQ Performance
ALPS BBH Intermediate Municipal Bond ETF (MNBD) is a ETF from ALPS ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MNBD returned +4.27% while QQQ returned +26.58%. Year to date, MNBD is up 0.92% versus a gain of 16.83% for QQQ.
Over three years, MNBD compounded at +4.20% per year against +24.70% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.06% annualized vs +4.20%. 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 5.1% for MNBD. 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 -5.9% for MNBD 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MNBD charges 0.44% per year while QQQ charges 0.18%. On a $10,000 position that is $44 vs $18 annually, a gap of $26 per year that compounds over a long holding period. On income, MNBD currently yields 3.84% against 0.41% for QQQ.
Holdings Overlap
MNBD and QQQ share 0 holdings out of 165 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, MNBD or QQQ?
MNBD has an expense ratio of 0.44% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, MNBD or QQQ?
Over the past year MNBD returned +4.27% vs +26.58% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), MNBD annualized +4.20% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, MNBD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.1% for MNBD. Worst drawdown: MNBD -5.9% vs QQQ -83.0%.
Should I hold both MNBD and QQQ?
MNBD and QQQ have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MNBD and QQQ?
MNBD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 165 unique securities.
Which pays a higher dividend, MNBD or QQQ?
MNBD yields 3.84% while QQQ yields 0.41%, so MNBD currently pays the higher dividend yield.
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