JEMB vs QQQ
Janus Henderson Emerging Markets Debt Hard Currency ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JEMB offers more diversification with 343 holdings.
Side-by-Side Comparison
| Metric | JEMB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.52% | 0.18% | |
| AUM | $476M | $496.3B | |
| Dividend Yield | 6.95% | 0.44% | |
| Holdings | 343 | 108 | |
| YTD Return | +3.61% | +17.07% | |
| 1Y Return | +8.56% | +26.39% | |
| 3Y Return (annualized) | - | +26.08% | |
| 5Y Return (annualized) | - | +15.18% | |
| Volatility (annualized) | 5.6% | 30.6% | |
| Max Drawdown | -5.4% | -83.0% | |
| Fund Family | Janus Henderson Investors | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 13, 2024 | Mar 10, 1999 |
JEMB vs QQQ Performance
Janus Henderson Emerging Markets Debt Hard Currency ETF (JEMB) is a ETF from Janus Henderson Investors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JEMB returned +8.56% while QQQ returned +26.39%. Year to date, JEMB is up 3.61% versus a gain of 17.07% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 5.6% for JEMB. 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 -5.4% for JEMB 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
JEMB charges 0.52% per year while QQQ charges 0.18%. On a $10,000 position that is $52 vs $18 annually, a gap of $34 per year that compounds over a long holding period. On income, JEMB currently yields 6.95% against 0.44% for QQQ.
Holdings Overlap
JEMB and QQQ share 0 holdings out of 198 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, JEMB or QQQ?
JEMB has an expense ratio of 0.52% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, JEMB or QQQ?
Over the past year JEMB returned +8.56% vs +26.39% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), JEMB annualized +9.64% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, JEMB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.6% for JEMB. Worst drawdown: JEMB -5.4% vs QQQ -83.0%.
Should I hold both JEMB and QQQ?
JEMB 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 JEMB and QQQ?
JEMB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 198 unique securities.
Which pays a higher dividend, JEMB or QQQ?
JEMB yields 6.95% while QQQ yields 0.44%, so JEMB currently pays the higher dividend yield.
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