JHMB vs QQQ
John Hancock Mortgage-Backed Securities ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JHMB offers more diversification with 442 holdings.
Side-by-Side Comparison
| Metric | JHMB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.18% | |
| AUM | $205M | $496.3B | |
| Dividend Yield | 4.84% | 0.44% | |
| Holdings | 442 | 108 | |
| YTD Return | +0.38% | +16.64% | |
| 1Y Return | +3.96% | +27.27% | |
| 3Y Return (annualized) | +5.78% | +25.96% | |
| 5Y Return (annualized) | +1.31% | +14.54% | |
| Volatility (annualized) | 5.8% | 30.6% | |
| Max Drawdown | -14.5% | -83.0% | |
| Fund Family | John Hancock Investment Management | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Aug 18, 2021 | Mar 10, 1999 |
JHMB vs QQQ Performance
John Hancock Mortgage-Backed Securities ETF (JHMB) 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 JHMB returned +3.96% while QQQ returned +27.27%. Year to date, JHMB is up 0.38% versus a gain of 16.64% for QQQ.
Over three years, JHMB compounded at +5.78% per year against +25.96% for QQQ; over five years the annualized figures are +1.31% and +14.54% respectively. Across the full 5-year window we track, QQQ has the edge at +13.03% annualized vs +1.34%. 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 5.8% for JHMB. 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 -14.5% for JHMB 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JHMB charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, JHMB currently yields 4.84% against 0.44% for QQQ.
Holdings Overlap
JHMB and QQQ share 0 holdings out of 238 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, JHMB or QQQ?
JHMB has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, JHMB or QQQ?
Over the past year JHMB returned +3.96% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), JHMB annualized +1.34% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JHMB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.8% for JHMB. Worst drawdown: JHMB -14.5% vs QQQ -83.0%.
Should I hold both JHMB and QQQ?
JHMB and QQQ have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHMB and QQQ?
JHMB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 238 unique securities.
Which pays a higher dividend, JHMB or QQQ?
JHMB yields 4.84% while QQQ yields 0.44%, so JHMB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.