HBDC vs QQQ
Hilton BDC Corporate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. HBDC offers more diversification with 147 holdings.
Side-by-Side Comparison
| Metric | HBDC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.18% | |
| AUM | $85M | $496.3B | |
| Dividend Yield | 5.36% | 0.44% | |
| Holdings | 147 | 108 | |
| YTD Return | +1.49% | +16.23% | |
| 1Y Return | +3.33% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 2.1% | 30.6% | |
| Max Drawdown | -3.0% | -83.0% | |
| Fund Family | Hilton Capital Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 10, 2025 | Mar 10, 1999 |
HBDC vs QQQ Performance
Hilton BDC Corporate Bond ETF (HBDC) is a ETF from Hilton Capital Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year HBDC returned +3.33% while QQQ returned +26.23%. Year to date, HBDC is up 1.49% 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 2.1% for HBDC. 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 -3.0% for HBDC 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HBDC charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, HBDC currently yields 5.36% against 0.44% for QQQ.
Holdings Overlap
HBDC and QQQ share 0 holdings out of 135 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, HBDC or QQQ?
HBDC has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, HBDC or QQQ?
Over the past year HBDC returned +3.33% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), HBDC annualized +3.43% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, HBDC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.1% for HBDC. Worst drawdown: HBDC -3.0% vs QQQ -83.0%.
Should I hold both HBDC and QQQ?
HBDC and QQQ have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HBDC and QQQ?
HBDC and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 135 unique securities.
Which pays a higher dividend, HBDC or QQQ?
HBDC yields 5.36% while QQQ yields 0.44%, so HBDC currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.