QQQ vs SJCP
Invesco QQQ Trust, Series 1 vs SanJac Alpha Core Plus Bond ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | SJCP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.65% | |
| AUM | $496.3B | $8M | |
| Dividend Yield | 0.44% | 3.79% | |
| Holdings | 108 | 20 | |
| YTD Return | +16.64% | +1.56% | |
| 1Y Return | +27.27% | +3.74% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 2.1% | |
| Max Drawdown | -83.0% | -2.0% | |
| Fund Family | Invesco (US) | SanJac Alpha | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Sep 9, 2024 |
QQQ vs SJCP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and SanJac Alpha Core Plus Bond ETF (SJCP) is a ETF from SanJac Alpha. Over the past year QQQ returned +27.27% while SJCP returned +3.74%. Year to date, QQQ is up 16.64% versus a gain of 1.56% for SJCP.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 2.1% for SJCP. 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 -83.0% for QQQ and -2.0% for SJCP. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SJCP charges 0.65%. On a $10,000 position that is $18 vs $65 annually, a gap of $47 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 3.79% for SJCP.
Holdings Overlap
QQQ and SJCP share 0 holdings out of 116 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, QQQ or SJCP?
QQQ has an expense ratio of 0.18% while SJCP charges 0.65%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, QQQ or SJCP?
Over the past year QQQ returned +27.27% vs +3.74% for SJCP, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs +4.82% for SJCP. Past performance does not guarantee future results.
Which is riskier, QQQ or SJCP?
QQQ has been the more volatile fund at 30.6% annualized versus 2.1% for SJCP. Worst drawdown: QQQ -83.0% vs SJCP -2.0%.
Should I hold both QQQ and SJCP?
QQQ and SJCP have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SJCP?
QQQ and SJCP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 116 unique securities.
Which pays a higher dividend, QQQ or SJCP?
QQQ yields 0.44% while SJCP yields 3.79%, so SJCP currently pays the higher dividend yield.
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