NJNK vs QQQ
Columbia US High Yield ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. NJNK offers more diversification with 462 holdings.
Side-by-Side Comparison
| Metric | NJNK | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.46% | 0.18% | |
| AUM | $40M | $496.3B | |
| Dividend Yield | 6.44% | 0.44% | |
| Holdings | 462 | 108 | |
| YTD Return | +2.65% | +16.19% | |
| 1Y Return | +5.33% | +25.22% | |
| 3Y Return (annualized) | - | +25.47% | |
| 5Y Return (annualized) | - | +14.34% | |
| Volatility (annualized) | 3.1% | 30.6% | |
| Max Drawdown | -4.5% | -83.0% | |
| Fund Family | Columbia Threadneedle Investments | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 5, 2024 | Mar 10, 1999 |
NJNK vs QQQ Performance
Columbia US High Yield ETF (NJNK) is a ETF from Columbia Threadneedle Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NJNK returned +5.33% while QQQ returned +25.22%. Year to date, NJNK is up 2.65% versus a gain of 16.19% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 3.1% for NJNK. 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 -4.5% for NJNK 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NJNK charges 0.46% per year while QQQ charges 0.18%. On a $10,000 position that is $46 vs $18 annually, a gap of $28 per year that compounds over a long holding period. On income, NJNK currently yields 6.44% against 0.44% for QQQ.
Holdings Overlap
NJNK and QQQ share 0 holdings out of 447 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, NJNK or QQQ?
NJNK has an expense ratio of 0.46% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, NJNK or QQQ?
Over the past year NJNK returned +5.33% vs +25.22% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), NJNK annualized +5.96% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, NJNK or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 3.1% for NJNK. Worst drawdown: NJNK -4.5% vs QQQ -83.0%.
Should I hold both NJNK and QQQ?
NJNK and QQQ have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NJNK and QQQ?
NJNK and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 447 unique securities.
Which pays a higher dividend, NJNK or QQQ?
NJNK yields 6.44% while QQQ yields 0.44%, so NJNK currently pays the higher dividend yield.
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