JHMD vs QQQ
John Hancock MultiFactor Developed International ETF vs Invesco QQQ Trust, Series 1
Which is better, JHMD or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. JHMD is less concentrated, with 11.2% of the fund in its ten largest positions against 47.2%.
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 | JHMD | QQQ |
|---|---|---|
| Expense Ratio | 0.39% | 0.18%Best |
| AUM | $965M | $498.6B |
| Dividend Yield | 2.95% | 0.42% |
| Holdings | 594 | 321 |
| YTD Return | +7.93% | +22.67%Best |
| 1Y Return | +14.02% | +24.33%Best |
| 3Y Return (annualized) | +18.95% | +29.05%Best |
| 5Y Return (annualized) | +9.55% | +17.00%Best |
| Volatility (annualized) | 14.9%Best | 19.1% |
| Max Drawdown | -38.9% | -35.1%Best |
| $10,000 over 5 years | $15,778 | $21,924Best |
| Top 10 Weight | 11.2%Best | 47.2% |
| Fund Family | John Hancock Investment Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Dec 15, 2016 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 16, 2016 to Oct 2, 2026 (9.8 years).
JHMD 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 9.8 years both funds cover.
JHMD vs QQQ Performance
John Hancock MultiFactor Developed International ETF (JHMD) 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 JHMD returned +14.02% while QQQ returned +24.33%. Year to date, JHMD is up 7.93% versus a gain of 22.67% for QQQ.
Over three years, JHMD compounded at +18.95% per year against +29.05% for QQQ; over five years the annualized figures are +9.55% and +17.00% respectively. Across the full 10-year window we track, QQQ has the edge at +21.02% annualized vs +8.08%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 14.9% for JHMD. 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 -38.9% for JHMD and -35.1% 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 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JHMD 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, JHMD currently yields 2.95% against 0.42% for QQQ.
Holdings Overlap
2.4% of JHMD's money is in holdings QQQ also owns. 1.1% of QQQ's money is in holdings JHMD also owns.
JHMD and QQQ share little of their money.
3 positions in common, counted across the 549 positions we hold weights for in JHMD and 102 in QQQ, against full books of 594 and 321.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for JHMD (97.8% of the fund), and 9 for JHMD that do not appear in QQQ (3.6%).
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.
You are not choosing between two funds in isolation.
Whichever of JHMD and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JHMD or QQQ?
JHMD has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, JHMD or QQQ?
Over the past year JHMD returned +14.02% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), JHMD annualized +8.08% vs +21.02% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHMD or QQQ?
QQQ has been the more volatile fund at 19.1% annualized versus 14.9% for JHMD. Worst drawdown: JHMD -38.9% vs QQQ -35.1%.
Should I hold both JHMD and QQQ?
JHMD and QQQ have a monthly-return correlation of 0.67, 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 JHMD and QQQ?
2.4% of JHMD's money is in holdings QQQ also owns. 1.1% of QQQ's is in holdings JHMD also owns. They hold 3 positions in common, counted across the 549 positions we hold weights for in JHMD and 102 in QQQ.
Which pays a higher dividend, JHMD or QQQ?
JHMD yields 2.95% while QQQ yields 0.42%, so JHMD currently pays the higher dividend yield.
Is QQQ better than JHMD?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. JHMD is less concentrated, with 11.2% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.