JHDV vs QQQ
John Hancock US High Dividend ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. JHDV delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | JHDV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.18% | |
| AUM | $11M | $496.3B | |
| Dividend Yield | 2.06% | 0.44% | |
| Holdings | 74 | 108 | |
| YTD Return | +21.75% | +19.52% | |
| 1Y Return | +27.05% | +26.68% | |
| 3Y Return (annualized) | +21.89% | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 13.7% | 30.6% | |
| Max Drawdown | -19.0% | -83.0% | |
| Fund Family | John Hancock Investment Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2022 | Mar 10, 1999 |
JHDV vs QQQ Performance
John Hancock US High Dividend ETF (JHDV) 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 JHDV returned +27.05% while QQQ returned +26.68%. Year to date, JHDV is up 21.75% versus a gain of 19.52% for QQQ.
Over three years, JHDV compounded at +21.89% per year against +26.64% for QQQ. Across the full 4-year window we track, JHDV has the edge at +21.05% annualized vs +13.14%. 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 13.7% 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 -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 0.77. 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
JHDV and QQQ share 21 holdings out of 157 unique holdings combined, representing a 31.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $16 per year of difference.
Which performed better, JHDV or QQQ?
Over the past year JHDV returned +27.05% vs +26.68% for QQQ, so JHDV leads on 1-year performance. Over the longest common window we track (4 years), JHDV annualized +21.05% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, JHDV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.7% for JHDV. Worst drawdown: JHDV -19.0% vs QQQ -83.0%.
Should I hold both JHDV and QQQ?
JHDV and QQQ have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHDV and QQQ?
JHDV and QQQ share 21 common holdings with a 31.5% weight overlap. Combined, they hold 157 unique securities.
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.
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