Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
JAAA vs QQQ: how they differ
JAAA and QQQ hold 0% of their weight in the same names, and QQQ returned more over the year.
Janus Henderson AAA CLO ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, JAAA and QQQ hold 0% of their money in the same securities at the same weight.
| Only in JAAA | Only in QQQ |
|---|---|
| KKR CLO 35 Ltd. 0.96% | NVIDIA Corp. 8.16% |
| AB BSL CLO 1 Ltd. 0.88% | Apple Inc. 7.29% |
| Anchorage Capital CLO 16 Ltd. 0.82% | Microsoft Corp. 5.32% |
| Anchorage Capital CLO 17 Ltd. 0.80% | Micron Technology, Inc. 4.80% |
| Carlyle US CLO Ltd. 0.70% | Amazon.com, Inc. 4.62% |
| Carlyle US CLO Ltd. 0.67% | Advanced Micro Devices, Inc. 3.70% |
| Regatta XIX Funding Ltd. 0.67% | Alphabet Inc. 3.52% |
| Magnetite XXXII Ltd. 0.67% | Tesla, Inc. 3.46% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| JAAA Janus Henderson AAA CLO ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Janus | Invesco |
| What it is | Henderson AAA CLO | Nasdaq-100, book from QQQM |
| Total return, 1 year | +4.9% | +23.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −12.6 pts | +5.5 pts |
| Expense ratio | 0.20% | 0.18% |
| Already in the S&P 500 | 0.0% | 96.7% |
| Holdings | 600 | 101 |
JAAA in plain words
JAAA is an index equity fund tracking the Henderson AAA CLO. Over the year to Sep 11, 2026 it returned +4.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 600 positions, with the top ten at 7.5%.
QQQ in plain words
QQQ is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, JAAA or QQQ?
- In the year to Sep 12, 2026, with distributions reinvested, JAAA returned +4.9% and QQQ returned +23.0%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, JAAA or QQQ?
- JAAA charges 0.20% a year and QQQ charges 0.18%, so QQQ is cheaper. Fees come from each fund's prospectus.
- How much do JAAA and QQQ overlap with the S&P 500?
- By their latest filed holdings, 0% of JAAA and 97% of QQQ by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, JAAA against QQQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/JAAA-QQQ Free to use with attribution; the underlying files are at Open data.
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