QEW vs TMNS
Comparison between Invesco QQQ Equal Weight ETF (QEW, ETF) and T. ROWE PRICE SHORT MUNICIPAL INCOME ETF (TMNS, ETF).
QEW vs TMNS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QEW
$21M
Winner
TMNS
$21M
Expense Ratio
QEW
0.25%
Winner
TMNS
0.18%
Max Drawdown
QEW
5.87%
Winner
TMNS
1.72%
Sharpe Ratio
Winner
QEW
2.48
TMNS
-0.58
5Y Beta
QEW
1.18
Winner
TMNS
0.04
P/E Ratio
QEW
36.55
TMNS
N/A
Forward P/E
QEW
21.79
TMNS
N/A
PEG Ratio
QEW
0.14
TMNS
N/A
5Y EPS CAGR
QEW
17.23%
TMNS
N/A
Debt to Equity
QEW
37.95%
TMNS
N/A
P/S Ratio
QEW
4.19
TMNS
N/A
P/B Ratio
QEW
5.64
TMNS
N/A
QEW vs TMNS - Historical Returns
Returns include dividend reinvestment.
1M
QEW
-2.58%
Winner
TMNS
-0.16%
3M
Winner
QEW
+10.91%
TMNS
+0.30%
6M
QEW
N/A
TMNS
+0.68%
Max(CAGR)
Winner
QEW
+62.62%
TMNS
+2.80%
QEW vs TMNS - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | QEW | TMNS |
|---|---|---|
| 2026 | +18.11% | +1.21% |
| 2025 | N/A | +0.57% |
QEW vs TMNS Drawdown Comparison
The maximum drawdown for QEW was -5.87%, occurring on Jun 10, 2026. Recovery took 9 trading sessions.
The maximum drawdown for TMNS was -1.28%, occurring on Mar 26, 2026. Recovery took 78 trading sessions.
The current QEW drawdown is -3.60%. The current TMNS drawdown is -0.38%.
| Rank | QEW | TMNS |
|---|---|---|
| #1 | -5.87% Jun 2, 2026 - Jun 15, 2026 | -1.28% Feb 26, 2026 - Jun 18, 2026 |
| #2 | -4.75% Jun 15, 2026 - Jul 20, 2026 | -0.38% Jul 2, 2026 - Jul 21, 2026 |
| #3 | -4.15% Mar 19, 2026 - Apr 8, 2026 | -0.12% Jan 21, 2026 - Jan 28, 2026 |
| #4 | -1.62% Apr 24, 2026 - Apr 30, 2026 | -0.11% Jun 18, 2026 - Jun 24, 2026 |
| #5 | -1.34% May 11, 2026 - May 20, 2026 | -0.11% Jan 14, 2026 - Jan 21, 2026 |
| #6 | -0.94% Apr 8, 2026 - Apr 13, 2026 | -0.10% Nov 28, 2025 - Dec 4, 2025 |
| #7 | -0.88% May 26, 2026 - May 28, 2026 | -0.10% Jun 24, 2026 - Jul 2, 2026 |
| #8 | -0.35% Apr 20, 2026 - Apr 22, 2026 | -0.07% Feb 10, 2026 - Feb 12, 2026 |
| #9 | -0.18% May 1, 2026 - May 5, 2026 | -0.04% Jan 28, 2026 - Jan 30, 2026 |
| #10 | -0.15% Apr 22, 2026 - Apr 24, 2026 | -0.04% Jan 9, 2026 - Jan 14, 2026 |
| #11 | -0.05% May 6, 2026 - May 8, 2026 | -0.04% Dec 24, 2025 - Dec 29, 2025 |
| #12 | N/A | -0.04% Feb 24, 2026 - Feb 26, 2026 |
| #13 | N/A | -0.03% Dec 11, 2025 - Dec 16, 2025 |
| #14 | N/A | -0.03% Jan 30, 2026 - Feb 4, 2026 |
| #15 | N/A | -0.03% Dec 18, 2025 - Dec 22, 2025 |
Correlation
Correlation between QEW and TMNS is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2025 - 2026)
QEW vs TMNS dividend yield comparison.
| Year | QEW | TMNS |
|---|---|---|
| 2026 | 0.11% | 1.68% |
| 2025 | 0.00% | 0.33% |
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