JGH vs QQQ
Nuveen Global High Income Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JGH offers more diversification with 386 holdings.
Side-by-Side Comparison
| Metric | JGH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 3.73% | 0.18% | |
| AUM | - | $496.3B | |
| Dividend Yield | 9.15% | 0.44% | |
| Holdings | 386 | 108 | |
| YTD Return | +6.06% | +19.52% | |
| 1Y Return | +2.48% | +26.68% | |
| 3Y Return (annualized) | +13.10% | +26.64% | |
| 5Y Return (annualized) | +5.16% | +15.36% | |
| Volatility (annualized) | 16.1% | 30.6% | |
| Max Drawdown | -48.9% | -83.0% | |
| Fund Family | Nuveen | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 24, 2014 | Mar 10, 1999 |
JGH vs QQQ Performance
Nuveen Global High Income Fund (JGH) is a ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JGH returned +2.48% while QQQ returned +26.68%. Year to date, JGH is up 6.06% versus a gain of 19.52% for QQQ.
Over three years, JGH compounded at +13.10% per year against +26.64% for QQQ; over five years the annualized figures are +5.16% and +15.36% respectively. Across the full 12-year window we track, QQQ has the edge at +13.14% annualized vs +1.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 16.1% for JGH. 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 -48.9% for JGH 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JGH charges 3.73% per year while QQQ charges 0.18%. On a $10,000 position that is $373 vs $18 annually, a gap of $355 per year that compounds over a long holding period. On income, JGH currently yields 9.15% against 0.44% for QQQ.
Holdings Overlap
JGH and QQQ share 0 holdings out of 116 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, JGH or QQQ?
JGH has an expense ratio of 3.73% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $355 per year of difference.
Which performed better, JGH or QQQ?
Over the past year JGH returned +2.48% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (12 years), JGH annualized +1.45% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, JGH or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.1% for JGH. Worst drawdown: JGH -48.9% vs QQQ -83.0%.
Should I hold both JGH and QQQ?
JGH and QQQ have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JGH and QQQ?
JGH and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 116 unique securities.
Which pays a higher dividend, JGH or QQQ?
JGH yields 9.15% while QQQ yields 0.44%, so JGH currently pays the higher dividend yield.
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