JHAI vs QQQ
Janus Henderson Global Artificial Intelligence ETF vs Invesco QQQ Trust, Series 1
Which is better, JHAI or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. JHAI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 62.7%.
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 | JHAI | QQQ |
|---|---|---|
| Expense Ratio | 0.59% | 0.18%Best |
| AUM | - | $483.5B |
| Dividend Yield | 0.35% | 0.44% |
| Holdings | 49 | 107 |
| YTD Return | +22.17%Best | +17.21% |
| 1Y Return | +27.28%Best | +22.10% |
| 3Y Return (annualized) | - | +25.27% |
| 5Y Return (annualized) | - | +14.60% |
| Volatility (annualized) | 28.4% | 21.3%Best |
| Max Drawdown | -19.4% | -12.0%Best |
| $10,000 over 1.1 years | $13,705Best | $12,799 |
| Top 10 Weight | 62.7% | 46.5%Best |
| Fund Family | Janus Henderson Investors | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Aug 19, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 20, 2025 to Sep 17, 2026 (1.1 years).
JHAI 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 1.1 years both funds cover.
JHAI vs QQQ Performance
Janus Henderson Global Artificial Intelligence ETF (JHAI) is an ETF from Janus Henderson Investors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year JHAI returned +27.28% while QQQ returned +22.10%. Year to date, JHAI is up 22.17% versus a gain of 17.21% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHAI has been the more volatile fund, with annualized monthly volatility of 28.4% compared with 21.3% for QQQ. 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 -19.4% for JHAI and -12.0% 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JHAI charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, JHAI currently yields 0.35% against 0.44% for QQQ.
Holdings Overlap
64.0% of JHAI's money is in holdings QQQ also owns. 46.3% of QQQ's money is in holdings JHAI also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 46 positions we hold weights for in JHAI and 102 in QQQ, against full books of 49 and 107.
What only one of them owns
Our book lists 75 positions for QQQ that do not appear in our book for JHAI (52.7% of the fund), and 17 for JHAI that do not appear in QQQ (16.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in JHAI | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.26% | 8.44% | 5.82% |
| MSFTMicrosoft Corp | 5.76% | 5.76% | 0.00% |
| MUMicron Technology, Inc. | 5.26% | 4.43% | 0.83% |
| AMZNAmazon.Com Inc | 3.66% | 4.67% | 1.01% |
| AVGOBroadcom Inc | 4.82% | 3.16% | 1.66% |
| AMDAdvanced Micro Devices Inc | 2.96% | 3.45% | 0.49% |
| LRCXLrcx Uw Equity | 3.97% | 1.69% | 2.28% |
| GOOGAlphabet Inc | 2.38% | 3.13% | 0.75% |
| ASL:ASAsml Holding Nv Unsponsored Adr Ordinary Shares | 3.86% | 0.68% | 3.18% |
| KLACKla Corp | 2.60% | 1.11% | 1.49% |
64.0% of JHAI is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JHAI or QQQ?
JHAI has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, JHAI or QQQ?
Over the past year JHAI returned +27.28% vs +22.10% for QQQ, so JHAI leads on 1-year performance. Over the longest common window we track (1 years), JHAI annualized +33.18% vs +25.15% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHAI or QQQ?
JHAI has been the more volatile fund at 28.4% annualized versus 21.3% for QQQ. Worst drawdown: JHAI -19.4% vs QQQ -12.0%.
Should I hold both JHAI and QQQ?
JHAI and QQQ have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between JHAI and QQQ?
64.0% of JHAI's money is in holdings QQQ also owns. 46.3% of QQQ's is in holdings JHAI also owns. They hold 23 positions in common, counted across the 46 positions we hold weights for in JHAI and 102 in QQQ.
Which pays a higher dividend, JHAI or QQQ?
JHAI yields 0.35% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than JHAI?
QQQ has a lower expense ratio. JHAI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 62.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.