BKHY vs QQQ
BNY Mellon High Yield ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. BKHY offers more diversification with 1,670 holdings.
Side-by-Side Comparison
| Metric | BKHY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.22% | 0.18% | |
| AUM | $168M | $496.3B | |
| Dividend Yield | 7.55% | 0.44% | |
| Holdings | 1,670 | 108 | |
| YTD Return | +2.59% | +16.64% | |
| 1Y Return | +5.88% | +27.27% | |
| 3Y Return (annualized) | +8.63% | +25.96% | |
| 5Y Return (annualized) | +3.96% | +14.54% | |
| Volatility (annualized) | 7.1% | 30.6% | |
| Max Drawdown | -15.9% | -83.0% | |
| Fund Family | BNY Mellon Investment Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 22, 2020 | Mar 10, 1999 |
BKHY vs QQQ Performance
BNY Mellon High Yield ETF (BKHY) is a ETF from BNY Mellon Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BKHY returned +5.88% while QQQ returned +27.27%. Year to date, BKHY is up 2.59% versus a gain of 16.64% for QQQ.
Over three years, BKHY compounded at +8.63% per year against +25.96% for QQQ; over five years the annualized figures are +3.96% and +14.54% respectively. Across the full 6-year window we track, QQQ has the edge at +13.03% annualized vs +5.54%. 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 7.1% for BKHY. 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 -15.9% for BKHY 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BKHY charges 0.22% per year while QQQ charges 0.18%. On a $10,000 position that is $22 vs $18 annually, a gap of $4 per year that compounds over a long holding period. On income, BKHY currently yields 7.55% against 0.44% for QQQ.
Holdings Overlap
BKHY and QQQ share 0 holdings out of 1161 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, BKHY or QQQ?
BKHY has an expense ratio of 0.22% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, BKHY or QQQ?
Over the past year BKHY returned +5.88% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), BKHY annualized +5.54% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, BKHY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.1% for BKHY. Worst drawdown: BKHY -15.9% vs QQQ -83.0%.
Should I hold both BKHY and QQQ?
BKHY and QQQ have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKHY and QQQ?
BKHY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1161 unique securities.
Which pays a higher dividend, BKHY or QQQ?
BKHY yields 7.55% while QQQ yields 0.44%, so BKHY currently pays the higher dividend yield.
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