JHDV vs QQQ
John Hancock US High Dividend ETF vs Invesco QQQ Trust, Series 1
Which is better, JHDV or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. JHDV led over 1Y, QQQ over 3Y and the full window. JHDV is less concentrated, with 33.8% of the fund in its ten largest positions against 46.5%.
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 | JHDV | QQQ |
|---|---|---|
| Expense Ratio | 0.34% | 0.18%Best |
| AUM | $11M | $483.5B |
| Dividend Yield | 2.06% | 0.44% |
| Holdings | 78 | 107 |
| YTD Return | +18.62%Best | +17.11% |
| 1Y Return | +24.25%Best | +23.99% |
| 3Y Return (annualized) | +20.53% | +24.62%Best |
| 5Y Return (annualized) | - | +14.23% |
| Volatility (annualized) | 13.6%Best | 18.0% |
| Max Drawdown | -19.0%Best | -22.8% |
| $10,000 over 3.9 years | $20,256 | $25,871Best |
| Top 10 Weight | 33.8%Best | 46.5% |
| Fund Family | John Hancock Investment Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Sep 27, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Sep 28, 2022 to Sep 9, 2026 (3.9 years).
JHDV 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 3.9 years both funds cover.
JHDV vs QQQ Performance
John Hancock US High Dividend ETF (JHDV) is an ETF from John Hancock Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year JHDV returned +24.25% while QQQ returned +23.99%. Year to date, JHDV is up 18.62% versus a gain of 17.11% for QQQ.
Over three years, JHDV compounded at +20.53% per year against +24.62% for QQQ. Across the full 4-year window we track, QQQ has the edge at +27.60% annualized vs +19.84%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.0% compared with 13.6% for JHDV. 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 -19.0% for JHDV and -22.8% 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHDV charges 0.34% per year while QQQ charges 0.18%. On a $10,000 position that is $34 vs $18 annually, a gap of $16 per year that compounds over a long holding period. On income, JHDV currently yields 2.06% against 0.44% for QQQ.
Holdings Overlap
41.6% of JHDV's money is in holdings QQQ also owns. 41.1% of QQQ's money is in holdings JHDV also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 75 positions we hold weights for in JHDV and 102 in QQQ, against full books of 78 and 107.
What only one of them owns
Our book lists 74 positions for QQQ that do not appear in our book for JHDV (55.9% of the fund), and 53 for JHDV that do not appear in QQQ (54.4%).
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 JHDV | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.89% | 8.44% | 0.55% |
| AAPLApple, Inc | 5.18% | 7.27% | 2.09% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.66% | 5.76% | 0.10% |
| MUMicron Technology, Inc. | 1.91% | 4.43% | 2.52% |
| AVGOBroadcom Inc | 2.48% | 3.16% | 0.68% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.68% | 2.10% | 0.42% |
| LRCXLam Research Corpcommon Stock | 1.76% | 1.69% | 0.07% |
| CMCSAComcast Corp. Class A | 2.20% | 0.39% | 1.81% |
| PAYXPaychex, Inc. | 2.30% | 0.19% | 2.11% |
| STXSeagate Technology Plc | 1.66% | 0.83% | 0.83% |
41.6% of JHDV 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, JHDV or QQQ?
JHDV has an expense ratio of 0.34% while QQQ charges 0.18%. QQQ is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, JHDV or QQQ?
Over the past year JHDV returned +24.25% vs +23.99% for QQQ, so JHDV leads on 1-year performance. Over the longest common window we track (4 years), JHDV annualized +19.84% vs +27.60% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHDV or QQQ?
QQQ has been the more volatile fund at 18.0% annualized versus 13.6% for JHDV. Worst drawdown: JHDV -19.0% vs QQQ -22.8%.
Should I hold both JHDV and QQQ?
JHDV and QQQ have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JHDV and QQQ?
41.6% of JHDV's money is in holdings QQQ also owns. 41.1% of QQQ's is in holdings JHDV also owns. They hold 21 positions in common, counted across the 75 positions we hold weights for in JHDV and 102 in QQQ.
Which pays a higher dividend, JHDV or QQQ?
JHDV yields 2.06% while QQQ yields 0.44%, so JHDV currently pays the higher dividend yield.
Is QQQ better than JHDV?
QQQ has a lower expense ratio. JHDV led over 1Y, QQQ over 3Y and the full window. JHDV is less concentrated, with 33.8% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.