HYLD vs. QQQ

Last updated Jun 5, 2026

HYLD (High Yield ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - HYLD is a High Yield Bonds fund actively managed by Eve Capital, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. HYLD is actively managed, while QQQ is passively managed. At a 0.30 correlation, their price movements are largely independent. HYLD charges 1.29%/yr vs 0.18%/yr for QQQ.

Performance

HYLD vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in High Yield ETF (HYLD) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYLD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -0.48%
• 1M: 8.66%
• YTD: 20.71%
• 6M: 19.19%
• 1Y: 40.74%
• 3Y*: 28.54%
• 5Y*: 17.86%
• 10Y*: 21.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYLD vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HYLD High Yield ETF	0.00%	0.00%	0.00%	2.80%	-11.48%	5.41%	3.11%	7.16%	0.25%	8.97%
QQQ Invesco QQQ ETF	20.71%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between HYLD and QQQ is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010	0.30

The correlation between HYLD and QQQ shifts across timeframes, from 0.11 (3 years) to 0.30 (all time), reflecting how their relationship changes across market environments.

HYLD vs. QQQ - Sectors Allocation Comparison

Sectors	HYLD	QQQ
Technology	34.8%	53.8%
Energy	29.9%	0.6%
Communication Services	10.8%	15.8%
Consumer Cyclical	9.6%	12.3%
Healthcare	5.0%	4.2%
Consumer Defensive	4.7%	7.7%
Industrials	3.4%	2.8%
Utilities	1.1%	1.4%
Financial Services	0.5%	0.2%
Real Estate	0.2%	0.1%
Basic Materials	0.0%	1.1%

Return for Risk

HYLD vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQ

QQQ Risk / Return Rank: 74
QQQ Sharpe Ratio Rank: 80
QQQ Sortino Ratio Rank: 76
QQQ Omega Ratio Rank: 75
QQQ Calmar Ratio Rank: 70
QQQ Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYLD vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for High Yield ETF (HYLD) and Invesco QQQ ETF (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYLD	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.57	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.41	—

Drawdowns

Drawdown Indicators

	HYLD	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-82.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	—	-0.74%	—
Average Drawdown Average peak-to-trough decline	—	-32.78%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.11%	—

Volatility

Volatility by Period

	HYLD	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.94%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.37%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.29%	—

HYLD vs. QQQ - Expense Ratio Comparison

HYLD has a 1.29% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

HYLD vs. QQQ - Dividend Comparison

HYLD has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both HYLD and QQQ in my portfolio?

HYLD and QQQ have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYLD or QQQ?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYLD or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 1.29% for HYLD.

Which ETF pays a higher dividend yield, HYLD or QQQ?

QQQ has the higher dividend yield at 0.38%, compared with 0.00% for HYLD.

What is the main difference between HYLD and QQQ?

HYLD is categorized as High Yield Bonds, while QQQ is Nasdaq-100. They also come from different issuers: Eve Capital and Invesco. Their fees differ too: 1.29% for HYLD and 0.18% for QQQ.