AHYB vs QQQ
American Century Select High Yield ETF vs Invesco QQQ Trust, Series 1
Which is better, AHYB or QQQ?
High Yield Bond 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 | AHYB | QQQ |
|---|---|---|
| Expense Ratio | 0.45% | 0.18%Best |
| AUM | $60M | $506.1B |
| Dividend Yield | 6.23% | 0.42% |
| Holdings | 6,701 | 321 |
| YTD Return | -0.64% | +19.30%Best |
| 1Y Return | +1.19% | +22.47%Best |
| 3Y Return (annualized) | +7.28% | +26.18%Best |
| 5Y Return (annualized) | +3.11% | +15.42%Best |
| Volatility (annualized) | 7.4%Best | 20.9% |
| Max Drawdown | -14.8%Best | -35.1% |
| $10,000 over 5 years | $11,655 | $20,484Best |
| Fund Family | American Century Investments | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Growth |
| Inception | Nov 16, 2021 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 18, 2021 to Oct 14, 2026 (4.9 years).
AHYB 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.
AHYB vs QQQ Performance
American Century Select High Yield ETF (AHYB) is an ETF from American Century Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year AHYB returned +1.19% while QQQ returned +22.47%. Year to date, AHYB is down 0.64% versus a gain of 19.30% for QQQ.
Over three years, AHYB compounded at +7.28% per year against +26.18% for QQQ; over five years the annualized figures are +3.11% and +15.42% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 7.4% for AHYB. 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 -14.8% for AHYB 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AHYB charges 0.45% per year while QQQ charges 0.18%. On a $10,000 position that is $45 vs $18 annually, a gap of $27 per year that compounds over a long holding period. On income, AHYB currently yields 6.23% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 1,092 holdings in AHYB and 101 in QQQ, totalling 33.4% and 99.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1,092 positions we hold weights for in AHYB and 101 in QQQ, against full books of 6,701 and 321.
You are not choosing between two funds in isolation.
Whichever of AHYB 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, AHYB or QQQ?
AHYB has an expense ratio of 0.45% while QQQ charges 0.18%. QQQ is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, AHYB or QQQ?
Over the past year AHYB returned +1.19% vs +22.47% 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, AHYB or QQQ?
QQQ has been the more volatile fund at 20.9% annualized versus 7.4% for AHYB. Worst drawdown: AHYB -14.8% vs QQQ -35.1%.
Should I hold both AHYB and QQQ?
AHYB and QQQ have a monthly-return correlation of 0.73, 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, AHYB or QQQ?
AHYB yields 6.23% while QQQ yields 0.42%, so AHYB currently pays the higher dividend yield.
Is QQQ better than AHYB?
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.