I have a pair of headphones that of course use 3.5mm, as well as a pair of speakers that use the same connection. I'd rather not constantly swap between the two. Is there a 'best' way to do it, as to not lose sounds quality.
I have a USB DAC with a 3.5 mm jack. I use a splitter for my headphones and speakers. Haven't detected any difference in sound quality. Not exactly the same thing, but the splitter is very inexpensive (~$6.00). I'd get one and make your own decision.