HBTA vs QQQ
Horizon Expedition Plus ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. HBTA offers more diversification with 208 holdings.
Side-by-Side Comparison
| Metric | HBTA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.86% | 0.18% | |
| AUM | $299M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 208 | 108 | |
| YTD Return | +5.55% | +16.64% | |
| 1Y Return | +21.60% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 19.4% | 30.6% | |
| Max Drawdown | -23.8% | -83.0% | |
| Fund Family | Horizon Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 22, 2025 | Mar 10, 1999 |
HBTA vs QQQ Performance
Horizon Expedition Plus ETF (HBTA) is a ETF from Horizon Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year HBTA returned +21.60% while QQQ returned +27.27%. Year to date, HBTA is up 5.55% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 19.4% for HBTA. 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 -23.8% for HBTA 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HBTA charges 0.86% per year while QQQ charges 0.18%. On a $10,000 position that is $86 vs $18 annually, a gap of $68 per year that compounds over a long holding period. On income, HBTA currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
HBTA and QQQ share 55 holdings out of 246 unique holdings combined, representing a 47.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HBTA or QQQ?
HBTA has an expense ratio of 0.86% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $68 per year of difference.
Which performed better, HBTA or QQQ?
Over the past year HBTA returned +21.60% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), HBTA annualized +0.14% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, HBTA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.4% for HBTA. Worst drawdown: HBTA -23.8% vs QQQ -83.0%.
Should I hold both HBTA and QQQ?
HBTA and QQQ have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HBTA and QQQ?
HBTA and QQQ share 55 common holdings with a 47.7% weight overlap. Combined, they hold 246 unique securities.
Which pays a higher dividend, HBTA or QQQ?
HBTA yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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