JHCB vs QQQ
JHCB vs QQQ
John Hancock Corporate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JHCB offers more diversification with 162 holdings.
Side-by-Side Comparison
| Metric | JHCB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.18% | |
| AUM | $109M | $455.8B | |
| Dividend Yield | 4.95% | 0.41% | |
| Holdings | 179 | 108 | |
| YTD Return | -0.35% | +18.20% | |
| 1Y Return | +1.96% | +27.63% | |
| 3Y Return (annualized) | +5.39% | +25.54% | |
| 5Y Return (annualized) | +0.16% | +15.12% | |
| Volatility (annualized) | 7.9% | 30.6% | |
| Max Drawdown | -22.6% | -83.0% | |
| Fund Family | John Hancock Investment Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 30, 2021 | Mar 10, 1999 |
JHCB vs QQQ Performance
John Hancock Corporate Bond ETF (JHCB) is a ETF from John Hancock Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JHCB returned +1.96% while QQQ returned +27.63%. Year to date, JHCB is down 0.35% versus a gain of 18.20% for QQQ.
Over three years, JHCB compounded at +5.39% per year against +25.54% for QQQ; over five years the annualized figures are +0.16% and +15.12% respectively. Across the full 5-year window we track, QQQ has the edge at +13.11% annualized vs +0.87%. 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 7.9% for JHCB. 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 -22.6% for JHCB 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JHCB charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, JHCB currently yields 4.95% against 0.41% for QQQ.
Holdings Overlap
JHCB and QQQ share 0 holdings out of 265 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, JHCB or QQQ?
JHCB has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, JHCB or QQQ?
Over the past year JHCB returned +1.96% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), JHCB annualized +0.87% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, JHCB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.9% for JHCB. Worst drawdown: JHCB -22.6% vs QQQ -83.0%.
Should I hold both JHCB and QQQ?
JHCB and QQQ have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHCB and QQQ?
JHCB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 265 unique securities.
Which pays a higher dividend, JHCB or QQQ?
JHCB yields 4.95% while QQQ yields 0.41%, so JHCB currently pays the higher dividend yield.
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