GHY vs QQQ
GHY vs QQQ
PGIM Global High Yield Fund, Inc vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. GHY offers more diversification with 545 holdings.
Side-by-Side Comparison
| Metric | GHY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.18% | |
| AUM | $543M | $455.8B | |
| Dividend Yield | 9.71% | 0.41% | |
| Holdings | 889 | 108 | |
| YTD Return | +0.42% | +17.27% | |
| 1Y Return | -1.19% | +28.64% | |
| 3Y Return (annualized) | +12.03% | +24.88% | |
| 5Y Return (annualized) | +4.41% | +14.86% | |
| Volatility (annualized) | 13.0% | 30.6% | |
| Max Drawdown | -55.6% | -83.0% | |
| Fund Family | PGIM Investments | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 21, 2012 | Mar 10, 1999 |
GHY vs QQQ Performance
PGIM Global High Yield Fund, Inc (GHY) is a ETF from PGIM Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GHY returned -1.19% while QQQ returned +28.64%. Year to date, GHY is up 0.42% versus a gain of 17.27% for QQQ.
Over three years, GHY compounded at +12.03% per year against +24.88% for QQQ; over five years the annualized figures are +4.41% and +14.86% respectively. Across the full 14-year window we track, QQQ has the edge at +13.08% annualized vs +0.17%. 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 13.0% for GHY. 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 -55.6% for GHY 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
GHY and QQQ share 0 holdings out of 648 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, GHY or QQQ?
Over the past year GHY returned -1.19% vs +28.64% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (14 years), GHY annualized +0.17% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, GHY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.0% for GHY. Worst drawdown: GHY -55.6% vs QQQ -83.0%.
Should I hold both GHY and QQQ?
GHY and QQQ have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GHY and QQQ?
GHY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 648 unique securities.
Which pays a higher dividend, GHY or QQQ?
GHY yields 9.71% while QQQ yields 0.41%, so GHY currently pays the higher dividend yield.
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