BTO vs QQQ
John Hancock Financial Opportunities Fund vs Invesco QQQ Trust, Series 1
Which is better, BTO or QQQ?
Mid Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. BTO led over 1Y, QQQ over 3Y, 5Y and the full window.
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 | BTO | QQQ |
|---|---|---|
| Expense Ratio | 2.96% | 0.18%Best |
| AUM | $816M | $437.3B |
| Dividend Yield | 6.27% | 0.43% |
| Holdings | 173 | 208 |
| YTD Return | +12.41% | +12.62%Best |
| 1Y Return | +19.67%Best | +11.32% |
| 3Y Return (annualized) | +22.17% | +22.90%Best |
| 5Y Return (annualized) | +4.04% | +12.43%Best |
| Volatility (annualized) | 31.0% | 18.2%Best |
| Max Drawdown | -95.5% | -53.5%Best |
| $10,000 over 5 years | $12,190 | $17,964Best |
| Fund Family | John Hancock Investment Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Growth |
| Inception | Aug 18, 1994 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 16, 2003 to Nov 12, 2026 (22.9 years).
BTO 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.
BTO vs QQQ Performance
John Hancock Financial Opportunities Fund (BTO) is an ETF from John Hancock Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BTO returned +19.67% while QQQ returned +11.32%. Year to date, BTO is up 12.41% versus a gain of 12.62% for QQQ.
Over three years, BTO compounded at +22.17% per year against +22.90% for QQQ; over five years the annualized figures are +4.04% and +12.43% respectively. Across the full 23-year window we track, QQQ has the edge at +14.07% annualized vs -4.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BTO has been the more volatile fund, with annualized monthly volatility of 31.0% compared with 18.2% for QQQ. 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 -95.5% for BTO 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 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BTO charges 2.96% per year while QQQ charges 0.18%. On a $10,000 position that is $296 vs $18 annually, a gap of $278 per year that compounds over a long holding period. On income, BTO currently yields 6.27% against 0.43% for QQQ.
Holdings Overlap
We hold position weights for 136 holdings in BTO and 101 in QQQ, totalling 91.8% and 99.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 136 positions we hold weights for in BTO and 101 in QQQ, against full books of 173 and 208.
You are not choosing between two funds in isolation.
Whichever of BTO 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, BTO or QQQ?
BTO has an expense ratio of 2.96% while QQQ charges 0.18%. QQQ is the cheaper option, by $278 a year on a $10,000 investment.
Which performed better, BTO or QQQ?
Over the past year BTO returned +19.67% vs +11.32% for QQQ, so BTO leads on 1-year performance. Over the longest common window we track (23 years), BTO annualized -4.28% vs +14.07% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BTO or QQQ?
BTO has been the more volatile fund at 31.0% annualized versus 18.2% for QQQ. Worst drawdown: BTO -95.5% vs QQQ -53.5%.
Should I hold both BTO and QQQ?
BTO and QQQ have a monthly-return correlation of 0.42, 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, BTO or QQQ?
BTO yields 6.27% while QQQ yields 0.43%, so BTO currently pays the higher dividend yield.
Is QQQ better than BTO?
QQQ has a lower expense ratio. BTO led over 1Y, QQQ over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.