JAAA vs QQQ
Janus Henderson AAA CLO ETF vs Invesco QQQ Trust, Series 1
Which is better, JAAA or QQQ?
Investment Grade Bond against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 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 | JAAA | QQQ |
|---|---|---|
| Expense Ratio | 0.20% | 0.18%Best |
| AUM | $27.2B | $483.5B |
| Dividend Yield | 5.34% | 0.44% |
| Holdings | 596 | 107 |
| YTD Return | +3.14% | +17.11%Best |
| 1Y Return | +4.80% | +23.99%Best |
| 3Y Return (annualized) | +6.14% | +24.62%Best |
| 5Y Return (annualized) | +4.97% | +14.23%Best |
| Volatility (annualized) | 1.6%Best | 20.1% |
| Max Drawdown | -2.6%Best | -35.1% |
| $10,000 over 5 years | $12,745 | $19,449Best |
| Fund Family | Janus Henderson Investors | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Investment Grade Bond | Large Cap Growth |
| Inception | Oct 16, 2020 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 19, 2020 to Sep 9, 2026 (5.9 years).
JAAA 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 covers the 5.9 years both funds cover.
JAAA vs QQQ Performance
Janus Henderson AAA CLO ETF (JAAA) is an ETF from Janus Henderson Investors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year JAAA returned +4.80% while QQQ returned +23.99%. Year to date, JAAA is up 3.14% versus a gain of 17.11% for QQQ.
Over three years, JAAA compounded at +6.14% per year against +24.62% for QQQ; over five years the annualized figures are +4.97% and +14.23% respectively. Across the full 6-year window we track, QQQ has the edge at +17.67% annualized vs +4.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 1.6% for JAAA. 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 -2.6% for JAAA and -35.1% 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 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JAAA charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, JAAA currently yields 5.34% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 25 holdings in JAAA and 102 in QQQ, totalling 3.8% and 99.9% 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 25 positions we hold weights for in JAAA and 102 in QQQ, against full books of 596 and 107.
You are not choosing between two funds in isolation.
Whichever of JAAA 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, JAAA or QQQ?
JAAA has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, JAAA or QQQ?
Over the past year JAAA returned +4.80% vs +23.99% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), JAAA annualized +4.51% vs +17.67% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JAAA or QQQ?
QQQ has been the more volatile fund at 20.1% annualized versus 1.6% for JAAA. Worst drawdown: JAAA -2.6% vs QQQ -35.1%.
Should I hold both JAAA and QQQ?
JAAA and QQQ have a monthly-return correlation of 0.32, 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, JAAA or QQQ?
JAAA yields 5.34% while QQQ yields 0.44%, so JAAA currently pays the higher dividend yield.
Is QQQ better than JAAA?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.