QQQ vs. HYT
QQQ (Invesco QQQ ETF) and HYT (BlackRock Corporate High Yield Fund) are both funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while HYT is a High Yield Bonds fund actively managed by BlackRock. QQQ is passively managed, while HYT is actively managed. Over the past 10 years, QQQ returned 20.72%/yr vs 6.81%/yr for HYT. At a 0.39 correlation, their price movements are largely independent. QQQ charges 0.18%/yr vs 2.83%/yr for HYT.
Performance
QQQ vs. HYT - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 13.58% return, which is significantly higher than HYT's 1.40% return. Over the past 10 years, QQQ has outperformed HYT with an annualized return of 20.72%, while HYT has yielded a comparatively lower 6.81% annualized return.
QQQ
- 1D
- 0.10%
- 1M
- -5.91%
- 6M
- 12.30%
- YTD
- 13.58%
- 1Y
- 24.61%
- 3Y*
- 23.54%
- 5Y*
- 14.68%
- 10Y*
- 20.72%
- ALL TIME*
- 10.70%
HYT
- 1D
- 0.36%
- 1M
- 0.09%
- 6M
- 1.11%
- YTD
- 1.40%
- 1Y
- -3.72%
- 3Y*
- 8.68%
- 5Y*
- 2.44%
- 10Y*
- 6.81%
- ALL TIME*
- 7.66%
QQQ vs. HYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 13.58% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
HYT BlackRock Corporate High Yield Fund | 1.40% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
Correlation
The correlation between QQQ and HYT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 29, 2003 | 0.39 |
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Return for Risk
QQQ vs. HYT — Risk / Return Rank
QQQ
HYT
QQQ vs. HYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and BlackRock Corporate High Yield Fund (HYT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQQ | HYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.94 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | -0.37 | +2.43 |
| Martin ratioReturn relative to average drawdown | 7.22 | -0.83 | +8.06 |
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Drawdowns
QQQ vs. HYT - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than HYT's maximum drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for QQQ and HYT.
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Drawdown Indicators
| QQQ | HYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -56.95% | -26.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -10.17% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -13.95% | -8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -29.05% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -42.59% | +7.47% |
Current DrawdownCurrent decline from peak | -6.61% | -4.70% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -32.65% | -5.90% | -26.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 4.47% | -1.05% |
Volatility
QQQ vs. HYT - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 7.41% compared to BlackRock Corporate High Yield Fund (HYT) at 1.88%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than HYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | HYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 1.88% | +5.53% |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | 6.85% | +8.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 9.87% | +8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 14.38% | +8.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.45% | 16.91% | +5.54% |
QQQ vs. HYT - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than HYT's 2.83% expense ratio.
Dividends
QQQ vs. HYT - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.44%, less than HYT's 11.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 11.06% | 10.50% | 9.53% | 9.91% | 9.80% | 7.58% | 8.18% | 7.92% | 9.20% | 7.68% | 8.23% | 10.18% |
QQQ Invesco QQQ ETF | 0.44% | 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
QQQ and HYT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (7.41%) compared to HYT (1.88%). In terms of maximum drawdown, QQQ dropped -82.97% vs HYT's -56.95%.
QQQ currently has the higher Sharpe Ratio (1.32 vs -0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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