BNDY vs QQQ
Horizon Core Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | BNDY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.66% | 0.18% | |
| AUM | $401M | $496.3B | |
| Dividend Yield | 6.36% | 0.44% | |
| Holdings | 5 | 108 | |
| YTD Return | -3.86% | +16.23% | |
| 1Y Return | -1.58% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 4.6% | 30.6% | |
| Max Drawdown | -6.3% | -83.0% | |
| Fund Family | Horizon Funds | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 2, 2025 | Mar 10, 1999 |
BNDY vs QQQ Performance
Horizon Core Bond ETF (BNDY) is a ETF from Horizon Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BNDY returned -1.58% while QQQ returned +26.23%. Year to date, BNDY is down 3.86% 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 4.6% for BNDY. 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 -6.3% for BNDY 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 0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BNDY charges 0.66% per year while QQQ charges 0.18%. On a $10,000 position that is $66 vs $18 annually, a gap of $48 per year that compounds over a long holding period. On income, BNDY currently yields 6.36% against 0.44% for QQQ.
Holdings Overlap
BNDY and QQQ share 0 holdings out of 104 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, BNDY or QQQ?
BNDY has an expense ratio of 0.66% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, BNDY or QQQ?
Over the past year BNDY returned -1.58% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), BNDY annualized -0.30% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, BNDY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 4.6% for BNDY. Worst drawdown: BNDY -6.3% vs QQQ -83.0%.
Should I hold both BNDY and QQQ?
BNDY and QQQ have a monthly-return correlation of 0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BNDY and QQQ?
BNDY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, BNDY or QQQ?
BNDY yields 6.36% while QQQ yields 0.44%, so BNDY currently pays the higher dividend yield.
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