JHAC vs QQQ
John Hancock Fundamental All Cap Core ETF vs Invesco QQQ Trust, Series 1
Which is better, JHAC or QQQ?
All Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. JHAC is less concentrated, with 45.9% of the fund in its ten largest positions against 46.7%.
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 | JHAC | QQQ |
|---|---|---|
| Expense Ratio | 0.72% | 0.18%Best |
| AUM | $4M | $506.1B |
| Dividend Yield | 2.32% | 0.42% |
| Holdings | 51 | 321 |
| YTD Return | +2.75% | +19.30%Best |
| 1Y Return | +3.89% | +22.47%Best |
| 3Y Return (annualized) | +15.84% | +26.18%Best |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 14.6%Best | 16.7% |
| Max Drawdown | -24.4% | -22.8%Best |
| $10,000 over 2.9 years | $15,318 | $20,160Best |
| Top 10 Weight | 45.9%Best | 46.7% |
| Fund Family | John Hancock Investment Management | Invesco (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Growth |
| Inception | Oct 31, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Oct 14, 2026 (2.9 years).
JHAC 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 2.9 years both funds cover.
JHAC vs QQQ Performance
John Hancock Fundamental All Cap Core ETF (JHAC) 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 JHAC returned +3.89% while QQQ returned +22.47%. Year to date, JHAC is up 2.75% versus a gain of 19.30% for QQQ.
Over three years, JHAC compounded at +15.84% per year against +26.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 14.6% for JHAC. 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 -24.4% for JHAC and -22.8% 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHAC charges 0.72% per year while QQQ charges 0.18%. On a $10,000 position that is $72 vs $18 annually, a gap of $54 per year that compounds over a long holding period. On income, JHAC currently yields 2.32% against 0.42% for QQQ.
Holdings Overlap
42.5% of JHAC's money is in holdings QQQ also owns. 36.4% of QQQ's money is in holdings JHAC also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 48 positions we hold weights for in JHAC and 101 in QQQ, against full books of 51 and 321.
What only one of them owns
Our book lists 80 positions for QQQ that do not appear in our book for JHAC (59.9% of the fund), and 32 for JHAC that do not appear in QQQ (49.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in JHAC | Weight in QQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 8.17% | 5.76% | 2.41% |
| NVDANvidia Corp | 4.14% | 8.33% | 4.19% |
| AMZNAmazon.Com Inc | 7.95% | 4.07% | 3.88% |
| AAPLApple, Inc | 1.03% | 7.35% | 6.32% |
| GOOGLAlphabet Inc | 5.30% | 3.05% | 2.25% |
| METAMeta Platforms Inc | 3.93% | 3.26% | 0.67% |
| AVGOBroadcom Inc | 2.91% | 2.53% | 0.38% |
| ROPRoper Technologies Inc. | 3.16% | 0.14% | 3.02% |
| WDAYWorkday, Inc., Class A | 1.74% | 0.16% | 1.58% |
| TXNTexas Instrument Inc | 0.77% | 1.07% | 0.30% |
42.5% of JHAC is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JHAC or QQQ?
JHAC has an expense ratio of 0.72% while QQQ charges 0.18%. QQQ is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, JHAC or QQQ?
Over the past year JHAC returned +3.89% 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, JHAC or QQQ?
QQQ has been the more volatile fund at 16.7% annualized versus 14.6% for JHAC. Worst drawdown: JHAC -24.4% vs QQQ -22.8%.
Should I hold both JHAC and QQQ?
JHAC and QQQ have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JHAC and QQQ?
42.5% of JHAC's money is in holdings QQQ also owns. 36.4% of QQQ's is in holdings JHAC also owns. They hold 13 positions in common, counted across the 48 positions we hold weights for in JHAC and 101 in QQQ.
Which pays a higher dividend, JHAC or QQQ?
JHAC yields 2.32% while QQQ yields 0.42%, so JHAC currently pays the higher dividend yield.
Is QQQ better than JHAC?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. JHAC is less concentrated, with 45.9% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.