JIII vs QQQ
JIII vs QQQ
Janus Henderson Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JIII offers more diversification with 155 holdings.
Side-by-Side Comparison
| Metric | JIII | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.18% | |
| AUM | $171M | $455.8B | |
| Dividend Yield | 7.81% | 0.41% | |
| Holdings | 436 | 108 | |
| YTD Return | +1.17% | +12.48% | |
| 1Y Return | +4.97% | +22.35% | |
| 3Y Return (annualized) | - | +22.30% | |
| 5Y Return (annualized) | - | +14.24% | |
| Volatility (annualized) | 2.6% | 30.6% | |
| Max Drawdown | -3.5% | -83.0% | |
| Fund Family | Janus Henderson Investors | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 12, 2024 | Mar 10, 1999 |
JIII vs QQQ Performance
Janus Henderson Income ETF (JIII) is a ETF from Janus Henderson Investors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JIII returned +4.97% while QQQ returned +22.35%. Year to date, JIII is up 1.17% versus a gain of 12.48% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 2.6% for JIII. 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 -3.5% for JIII 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JIII charges 0.54% per year while QQQ charges 0.18%. On a $10,000 position that is $54 vs $18 annually, a gap of $36 per year that compounds over a long holding period. On income, JIII currently yields 7.81% against 0.41% for QQQ.
Holdings Overlap
JIII and QQQ share 0 holdings out of 258 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, JIII or QQQ?
JIII has an expense ratio of 0.54% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, JIII or QQQ?
Over the past year JIII returned +4.97% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), JIII annualized +5.82% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, JIII or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.6% for JIII. Worst drawdown: JIII -3.5% vs QQQ -83.0%.
Should I hold both JIII and QQQ?
JIII and QQQ have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JIII and QQQ?
JIII and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 258 unique securities.
Which pays a higher dividend, JIII or QQQ?
JIII yields 7.81% while QQQ yields 0.41%, so JIII currently pays the higher dividend yield.
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