JLQD vs QQQ
JLQD vs QQQ
Janus Henderson Corporate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JLQD offers more diversification with 105 holdings.
Side-by-Side Comparison
| Metric | JLQD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $14M | $455.8B | |
| Dividend Yield | 5.82% | 0.41% | |
| Holdings | 155 | 108 | |
| YTD Return | -0.25% | +18.20% | |
| 1Y Return | +2.62% | +27.63% | |
| 3Y Return (annualized) | +5.58% | +25.54% | |
| 5Y Return (annualized) | +0.01% | +15.12% | |
| Volatility (annualized) | 7.9% | 30.6% | |
| Max Drawdown | -21.2% | -83.0% | |
| Fund Family | Janus Henderson Investors | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 8, 2021 | Mar 10, 1999 |
JLQD vs QQQ Performance
Janus Henderson Corporate Bond ETF (JLQD) is a ETF from Janus Henderson Investors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JLQD returned +2.62% while QQQ returned +27.63%. Year to date, JLQD is down 0.25% versus a gain of 18.20% for QQQ.
Over three years, JLQD compounded at +5.58% per year against +25.54% for QQQ; over five years the annualized figures are +0.01% and +15.12% respectively. Across the full 5-year window we track, QQQ has the edge at +13.11% annualized vs +0.01%. 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 7.9% for JLQD. 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 -21.2% for JLQD 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JLQD charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, JLQD currently yields 5.82% against 0.41% for QQQ.
Holdings Overlap
JLQD and QQQ share 1 holdings out of 207 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JLQD | Weight in QQQ | Difference |
|---|---|---|---|
| INTC | 0.21% | 2.29% | 2.08% |
Frequently Asked Questions
Which is cheaper, JLQD or QQQ?
JLQD has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, JLQD or QQQ?
Over the past year JLQD returned +2.62% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), JLQD annualized +0.01% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, JLQD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.9% for JLQD. Worst drawdown: JLQD -21.2% vs QQQ -83.0%.
Should I hold both JLQD and QQQ?
JLQD and QQQ have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JLQD and QQQ?
JLQD and QQQ share 1 common holdings with a 0.2% weight overlap. Combined, they hold 207 unique securities.
Which pays a higher dividend, JLQD or QQQ?
JLQD yields 5.82% while QQQ yields 0.41%, so JLQD 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.