JHAI vs QQQ
JHAI vs QQQ
Janus Henderson Global Artificial Intelligence ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. JHAI delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | JHAI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.18% | |
| AUM | - | $455.8B | |
| Dividend Yield | 0.37% | 0.41% | |
| Holdings | 50 | 108 | |
| YTD Return | +24.50% | +18.34% | |
| 1Y Return | +38.71% | +28.94% | |
| 3Y Return (annualized) | - | +25.28% | |
| 5Y Return (annualized) | - | +15.22% | |
| Volatility (annualized) | 29.7% | 30.6% | |
| Max Drawdown | -19.4% | -83.0% | |
| Fund Family | Janus Henderson Investors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 19, 2025 | Mar 10, 1999 |
JHAI vs QQQ Performance
Janus Henderson Global Artificial Intelligence ETF (JHAI) is a ETF from Janus Henderson Investors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JHAI returned +38.71% while QQQ returned +28.94%. Year to date, JHAI is up 24.50% versus a gain of 18.34% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 29.7% for JHAI. 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 -19.4% for JHAI 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JHAI charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, JHAI currently yields 0.37% against 0.41% for QQQ.
Holdings Overlap
JHAI and QQQ share 26 holdings out of 125 unique holdings combined, representing a 39.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JHAI | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 13.26% | 7.88% | 5.38% |
| MU | 5.94% | 4.67% | 1.27% |
| AVGO | 5.48% | 2.91% | 2.57% |
| AMZN | Pro | Pro | Pro |
| MSFT | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
| KLAC | Pro | Pro | Pro |
| ASL:AS | Pro | Pro | Pro |
See all 10 holdings JHAI shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, JHAI or QQQ?
JHAI has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, JHAI or QQQ?
Over the past year JHAI returned +38.71% vs +28.94% for QQQ, so JHAI leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, JHAI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 29.7% for JHAI. Worst drawdown: JHAI -19.4% vs QQQ -83.0%.
Should I hold both JHAI and QQQ?
JHAI and QQQ have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JHAI and QQQ?
JHAI and QQQ share 26 common holdings with a 39.9% weight overlap. Combined, they hold 125 unique securities.
Which pays a higher dividend, JHAI or QQQ?
JHAI yields 0.37% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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