AOHY vs QQQ
Angel Oak High Yield Opportunities ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. AOHY offers more diversification with 187 holdings.
Side-by-Side Comparison
| Metric | AOHY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $117M | $496.3B | |
| Dividend Yield | 6.61% | 0.44% | |
| Holdings | 187 | 108 | |
| YTD Return | +3.23% | +16.23% | |
| 1Y Return | +5.79% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 2.9% | 30.6% | |
| Max Drawdown | -4.2% | -83.0% | |
| Fund Family | Angel Oak Capital Advisors | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 20, 2024 | Mar 10, 1999 |
AOHY vs QQQ Performance
Angel Oak High Yield Opportunities ETF (AOHY) is a ETF from Angel Oak Capital Advisors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AOHY returned +5.79% while QQQ returned +26.23%. Year to date, AOHY is up 3.23% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 2.9% for AOHY. 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 -4.2% for AOHY 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AOHY charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, AOHY currently yields 6.61% against 0.44% for QQQ.
Holdings Overlap
AOHY and QQQ share 0 holdings out of 224 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, AOHY or QQQ?
AOHY has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, AOHY or QQQ?
Over the past year AOHY returned +5.79% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), AOHY annualized +7.43% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, AOHY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.9% for AOHY. Worst drawdown: AOHY -4.2% vs QQQ -83.0%.
Should I hold both AOHY and QQQ?
AOHY and QQQ have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AOHY and QQQ?
AOHY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 224 unique securities.
Which pays a higher dividend, AOHY or QQQ?
AOHY yields 6.61% while QQQ yields 0.44%, so AOHY currently pays the higher dividend yield.
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