Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MUB vs QQQ: how they differ
MUB and QQQ hold 0% of their weight in the same names, and QQQ returned more over the year.
iShares National Muni Bond ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, MUB and QQQ hold 0% of their money in the same securities at the same weight.
| Only in MUB | Only in QQQ |
|---|---|
| Board of Regents of the University of Te 0.20% | NVIDIA Corp. 8.16% |
| New York State Thruway Authority 0.16% | Apple Inc. 7.29% |
| New York State Dormitory Authority 0.14% | Microsoft Corp. 5.32% |
| Houston Higher Education Finance Corp. 0.13% | Micron Technology, Inc. 4.80% |
| Northwest Independent School District 0.13% | Amazon.com, Inc. 4.62% |
| Ohio State University (The) 0.13% | Advanced Micro Devices, Inc. 3.70% |
| State of New Jersey 0.13% | Alphabet Inc. 3.52% |
| State of California 0.13% | Tesla, Inc. 3.46% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026.
| MUB iShares National Muni Bond ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | National Muni Bond | Nasdaq-100, book from QQQM |
| Total return, 1 year | +0.1% | +23.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −17.4 pts | +5.5 pts |
| Expense ratio | 0.05% | 0.18% |
| Holdings | 6603 | 101 |
MUB in plain words
MUB is a bond fund tracking the National Muni Bond. Over the year to Sep 11, 2026 it returned +0.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. It sat 3.6% below its high of Jul 6, 2026 on Sep 11, 2026.
QQQ in plain words
QQQ is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, MUB or QQQ?
- In the year to Sep 12, 2026, with distributions reinvested, MUB returned +0.1% and QQQ returned +23.0%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MUB or QQQ?
- MUB charges 0.05% a year and QQQ charges 0.18%, so MUB is cheaper. Fees come from each fund's prospectus.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MUB against QQQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/MUB-QQQ Free to use with attribution; the underlying files are at Open data.
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