BHK vs QQQ
BlackRock Core Bond Trust vs Invesco QQQ Trust, Series 1
Which is better, BHK or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. BHK is less concentrated, with 32.2% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BHK | QQQ |
|---|---|---|
| Expense Ratio | 3.68% | 0.18%Best |
| AUM | $667M | $483.5B |
| Dividend Yield | 9.66% | 0.44% |
| Holdings | 1,627 | 107 |
| YTD Return | -5.79% | +21.71%Best |
| 1Y Return | -6.04% | +25.89%Best |
| 3Y Return (annualized) | +3.33% | +28.80%Best |
| 5Y Return (annualized) | -5.14% | +15.67%Best |
| Volatility (annualized) | 12.5%Best | 19.4% |
| Max Drawdown | -45.8%Best | -53.5% |
| $10,000 over 5 years | $7,681 | $20,706Best |
| Top 10 Weight | 32.2%Best | 46.5% |
| Fund Family | BlackRock, Inc. (US) | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Growth |
| Inception | Nov 30, 2001 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 28, 2001 to Sep 25, 2026 (24.8 years).
BHK vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
BHK vs QQQ Performance
BlackRock Core Bond Trust (BHK) is an ETF from BlackRock, Inc. (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BHK returned -6.04% while QQQ returned +25.89%. Year to date, BHK is down 5.79% versus a gain of 21.71% for QQQ.
Over three years, BHK compounded at +3.33% per year against +28.80% for QQQ; over five years the annualized figures are -5.14% and +15.67% respectively. Across the full 25-year window we track, QQQ has the edge at +12.79% annualized vs -0.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 12.5% for BHK. 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 -45.8% for BHK and -53.5% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.28. They move largely independently of each other.
Fees and Cost Over Time
BHK charges 3.68% per year while QQQ charges 0.18%. On a $10,000 position that is $368 vs $18 annually, a gap of $350 per year that compounds over a long holding period. On income, BHK currently yields 9.66% against 0.44% for QQQ.
Holdings Overlap
0.3% of BHK's money is in holdings QQQ also owns. 0.8% of QQQ's money is in holdings BHK also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 217 days apart, BHK as of Dec 31, 2025 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 1,063 positions we hold weights for in BHK and 102 in QQQ, against full books of 1,627 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for BHK (93.6% of the fund), and 972 for BHK that do not appear in QQQ (101.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BHK | Weight in QQQ | Difference |
|---|---|---|---|
| TMUST-Mobile Us Inc Com Usd0.00001 | 0.27% | 0.82% | 0.55% |
You are not choosing between two funds in isolation.
Whichever of BHK and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BHK or QQQ?
BHK has an expense ratio of 3.68% while QQQ charges 0.18%. QQQ is the cheaper option, by $350 a year on a $10,000 investment.
Which performed better, BHK or QQQ?
Over the past year BHK returned -6.04% vs +25.89% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (25 years), BHK annualized -0.48% vs +12.79% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BHK or QQQ?
QQQ has been the more volatile fund at 19.4% annualized versus 12.5% for BHK. Worst drawdown: BHK -45.8% vs QQQ -53.5%.
Should I hold both BHK and QQQ?
BHK and QQQ have a monthly-return correlation of 0.28, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BHK or QQQ?
BHK yields 9.66% while QQQ yields 0.44%, so BHK currently pays the higher dividend yield.
Is QQQ better than BHK?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. BHK is less concentrated, with 32.2% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.