HSBH vs QQQ
HSBC Holdings PLC ADRhedged vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. HSBH delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | HSBH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.18% | |
| AUM | $1M | $496.3B | |
| Dividend Yield | 2.38% | 0.44% | |
| Holdings | 2 | 108 | |
| YTD Return | +31.03% | +16.64% | |
| 1Y Return | +61.04% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 18.2% | 30.6% | |
| Max Drawdown | -20.7% | -83.0% | |
| Fund Family | ADRH | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 1, 2024 | Mar 10, 1999 |
HSBH vs QQQ Performance
HSBC Holdings PLC ADRhedged (HSBH) is a ETF from ADRH and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year HSBH returned +61.04% while QQQ returned +27.27%. Year to date, HSBH is up 31.03% 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 18.2% for HSBH. 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 -20.7% for HSBH 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 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HSBH charges 0.19% per year while QQQ charges 0.18%. On a $10,000 position that is $19 vs $18 annually, a gap of $1 per year that compounds over a long holding period. On income, HSBH currently yields 2.38% against 0.44% for QQQ.
Holdings Overlap
HSBH 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, HSBH or QQQ?
HSBH has an expense ratio of 0.19% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, HSBH or QQQ?
Over the past year HSBH returned +61.04% vs +27.27% for QQQ, so HSBH leads on 1-year performance. Over the longest common window we track (2 years), HSBH annualized +57.89% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, HSBH or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.2% for HSBH. Worst drawdown: HSBH -20.7% vs QQQ -83.0%.
Should I hold both HSBH and QQQ?
HSBH and QQQ have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HSBH and QQQ?
HSBH and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, HSBH or QQQ?
HSBH yields 2.38% while QQQ yields 0.44%, so HSBH currently pays the higher dividend yield.
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