AHYB vs QQQ
AHYB vs QQQ
American Century Select High Yield ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. AHYB offers more diversification with 444 holdings.
Side-by-Side Comparison
| Metric | AHYB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.18% | |
| AUM | $62M | $455.8B | |
| Dividend Yield | 5.99% | 0.41% | |
| Holdings | 609 | 108 | |
| YTD Return | +1.19% | +12.48% | |
| 1Y Return | +4.84% | +22.35% | |
| 3Y Return (annualized) | +7.38% | +22.30% | |
| 5Y Return (annualized) | - | +14.24% | |
| Volatility (annualized) | 7.5% | 30.6% | |
| Max Drawdown | -14.8% | -83.0% | |
| Fund Family | American Century Investments | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 16, 2021 | Mar 10, 1999 |
AHYB vs QQQ Performance
American Century Select High Yield ETF (AHYB) is a ETF from American Century Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AHYB returned +4.84% while QQQ returned +22.35%. Year to date, AHYB is up 1.19% versus a gain of 12.48% for QQQ.
Over three years, AHYB compounded at +7.38% per year against +22.30% for QQQ. Across the full 5-year window we track, QQQ has the edge at +12.91% annualized vs +3.65%. 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 7.5% for AHYB. 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 -14.8% for AHYB 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AHYB charges 0.45% per year while QQQ charges 0.18%. On a $10,000 position that is $45 vs $18 annually, a gap of $27 per year that compounds over a long holding period. On income, AHYB currently yields 5.99% against 0.41% for QQQ.
Holdings Overlap
AHYB and QQQ share 0 holdings out of 547 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, AHYB or QQQ?
AHYB has an expense ratio of 0.45% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, AHYB or QQQ?
Over the past year AHYB returned +4.84% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), AHYB annualized +3.65% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, AHYB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.5% for AHYB. Worst drawdown: AHYB -14.8% vs QQQ -83.0%.
Should I hold both AHYB and QQQ?
AHYB and QQQ have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AHYB and QQQ?
AHYB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 547 unique securities.
Which pays a higher dividend, AHYB or QQQ?
AHYB yields 5.99% while QQQ yields 0.41%, so AHYB currently pays the higher dividend yield.
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