NUHY vs QQQ
NUHY vs QQQ
Nuveen ESG High Yield Corporate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. NUHY offers more diversification with 314 holdings.
Side-by-Side Comparison
| Metric | NUHY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.18% | |
| AUM | $110M | $455.8B | |
| Dividend Yield | 6.60% | 0.41% | |
| Holdings | 376 | 108 | |
| YTD Return | +1.57% | +16.83% | |
| 1Y Return | +4.70% | +26.58% | |
| 3Y Return (annualized) | +7.90% | +24.70% | |
| 5Y Return (annualized) | +3.22% | +14.88% | |
| Volatility (annualized) | 8.4% | 30.6% | |
| Max Drawdown | -20.5% | -83.0% | |
| Fund Family | Nuveen | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 25, 2019 | Mar 10, 1999 |
NUHY vs QQQ Performance
Nuveen ESG High Yield Corporate Bond ETF (NUHY) is a ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NUHY returned +4.70% while QQQ returned +26.58%. Year to date, NUHY is up 1.57% versus a gain of 16.83% for QQQ.
Over three years, NUHY compounded at +7.90% per year against +24.70% for QQQ; over five years the annualized figures are +3.22% and +14.88% respectively. Across the full 7-year window we track, QQQ has the edge at +13.06% annualized vs +2.44%. 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 8.4% for NUHY. 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 -20.5% for NUHY 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NUHY charges 0.30% per year while QQQ charges 0.18%. On a $10,000 position that is $30 vs $18 annually, a gap of $12 per year that compounds over a long holding period. On income, NUHY currently yields 6.60% against 0.41% for QQQ.
Holdings Overlap
NUHY and QQQ share 0 holdings out of 417 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, NUHY or QQQ?
NUHY has an expense ratio of 0.30% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, NUHY or QQQ?
Over the past year NUHY returned +4.70% vs +26.58% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), NUHY annualized +2.44% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, NUHY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.4% for NUHY. Worst drawdown: NUHY -20.5% vs QQQ -83.0%.
Should I hold both NUHY and QQQ?
NUHY and QQQ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NUHY and QQQ?
NUHY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 417 unique securities.
Which pays a higher dividend, NUHY or QQQ?
NUHY yields 6.60% while QQQ yields 0.41%, so NUHY currently pays the higher dividend yield.
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