JHPI vs QQQ
John Hancock Preferred Income ETF vs Invesco QQQ Trust, Series 1
Which is better, JHPI or QQQ?
Preferred Stock against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
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 | JHPI | QQQ |
|---|---|---|
| Expense Ratio | 0.54% | 0.18%Best |
| AUM | $228M | $437.3B |
| Dividend Yield | 6.22% | 0.43% |
| Holdings | 430 | 208 |
| YTD Return | -1.01% | +12.98%Best |
| 1Y Return | -0.20% | +11.59%Best |
| 3Y Return (annualized) | +8.06% | +23.05%Best |
| 5Y Return (annualized) | +2.92% | +12.74%Best |
| Volatility (annualized) | 8.2%Best | 21.1% |
| Max Drawdown | -13.4%Best | -35.1% |
| $10,000 over 5 years | $11,548 | $18,213Best |
| Fund Family | John Hancock Investment Management | Invesco (US) |
| Category | Allocation/Balanced | Equity |
| Style | Preferred Stock | Large Cap Growth |
| Inception | Dec 14, 2021 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 15, 2021 to Nov 11, 2026 (4.9 years).
JHPI 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 4.9 years both funds cover.
JHPI vs QQQ Performance
John Hancock Preferred Income ETF (JHPI) 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 JHPI returned -0.20% while QQQ returned +11.59%. Year to date, JHPI is down 1.01% versus a gain of 12.98% for QQQ.
Over three years, JHPI compounded at +8.06% per year against +23.05% for QQQ; over five years the annualized figures are +2.92% and +12.74% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 8.2% for JHPI. 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 -13.4% for JHPI 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 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JHPI charges 0.54% per year while QQQ charges 0.18%. On a $10,000 position that is $54 vs $18 annually, a gap of $36 per year that compounds over a long holding period. On income, JHPI currently yields 6.22% against 0.43% for QQQ.
Holdings Overlap
At least 0.6% of QQQ's money is in holdings JHPI also owns.
Stated as a floor: for JHPI, our book for it covers 64.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
3 positions in common, counted across the 133 positions we hold weights for in JHPI and 101 in QQQ, against full books of 430 and 208.
You are not choosing between two funds in isolation.
Whichever of JHPI 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, JHPI or QQQ?
JHPI has an expense ratio of 0.54% while QQQ charges 0.18%. QQQ is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, JHPI or QQQ?
Over the past year JHPI returned -0.20% vs +11.59% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHPI or QQQ?
QQQ has been the more volatile fund at 21.1% annualized versus 8.2% for JHPI. Worst drawdown: JHPI -13.4% vs QQQ -35.1%.
Should I hold both JHPI and QQQ?
JHPI and QQQ have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JHPI or QQQ?
JHPI yields 6.22% while QQQ yields 0.43%, so JHPI currently pays the higher dividend yield.
Is QQQ better than JHPI?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.