JAPN vs QQQ
Horizon Kinetics Japan Owner Operator ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | JAPN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.18% | |
| AUM | $26M | $496.3B | |
| Dividend Yield | 0.24% | 0.44% | |
| Holdings | 36 | 108 | |
| YTD Return | -1.46% | +16.64% | |
| 1Y Return | -10.59% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 16.7% | 30.6% | |
| Max Drawdown | -23.9% | -83.0% | |
| Fund Family | Horizon Kinetics LLC | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 12, 2025 | Mar 10, 1999 |
JAPN vs QQQ Performance
Horizon Kinetics Japan Owner Operator ETF (JAPN) is a ETF from Horizon Kinetics LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JAPN returned -10.59% while QQQ returned +27.27%. Year to date, JAPN is down 1.46% 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 16.7% for JAPN. 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 -23.9% for JAPN 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 0.00. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JAPN charges 0.85% per year while QQQ charges 0.18%. On a $10,000 position that is $85 vs $18 annually, a gap of $67 per year that compounds over a long holding period. On income, JAPN currently yields 0.24% against 0.44% for QQQ.
Holdings Overlap
JAPN 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, JAPN or QQQ?
JAPN has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, JAPN or QQQ?
Over the past year JAPN returned -10.59% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), JAPN annualized +1.22% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JAPN or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.7% for JAPN. Worst drawdown: JAPN -23.9% vs QQQ -83.0%.
Should I hold both JAPN and QQQ?
JAPN and QQQ have a monthly-return correlation of 0.00, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JAPN and QQQ?
JAPN and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 135 unique securities.
Which pays a higher dividend, JAPN or QQQ?
JAPN yields 0.24% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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