JHAC vs QQQ
John Hancock Fundamental All Cap Core 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 | JHAC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.18% | |
| AUM | $4M | $496.3B | |
| Dividend Yield | 2.35% | 0.44% | |
| Holdings | 52 | 108 | |
| YTD Return | +4.56% | +16.19% | |
| 1Y Return | +5.94% | +25.22% | |
| 3Y Return (annualized) | - | +25.47% | |
| 5Y Return (annualized) | - | +14.34% | |
| Volatility (annualized) | 14.8% | 30.6% | |
| Max Drawdown | -24.4% | -83.0% | |
| Fund Family | John Hancock Investment Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 31, 2023 | Mar 10, 1999 |
JHAC vs QQQ Performance
John Hancock Fundamental All Cap Core ETF (JHAC) is a ETF from John Hancock Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JHAC returned +5.94% while QQQ returned +25.22%. Year to date, JHAC is up 4.56% versus a gain of 16.19% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.8% for JHAC. 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 -24.4% for JHAC 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHAC charges 0.72% per year while QQQ charges 0.18%. On a $10,000 position that is $72 vs $18 annually, a gap of $54 per year that compounds over a long holding period. On income, JHAC currently yields 2.35% against 0.44% for QQQ.
Holdings Overlap
JHAC and QQQ share 13 holdings out of 140 unique holdings combined, representing a 26.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JHAC or QQQ?
JHAC has an expense ratio of 0.72% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, JHAC or QQQ?
Over the past year JHAC returned +5.94% vs +25.22% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), JHAC annualized +17.40% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, JHAC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.8% for JHAC. Worst drawdown: JHAC -24.4% vs QQQ -83.0%.
Should I hold both JHAC and QQQ?
JHAC and QQQ have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHAC and QQQ?
JHAC and QQQ share 13 common holdings with a 26.0% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, JHAC or QQQ?
JHAC yields 2.35% while QQQ yields 0.44%, so JHAC currently pays the higher dividend yield.
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