GJAN vs QQQ
FT Vest US Equity Moderate Buffer ETF - January vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GJAN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.18% | |
| AUM | $440M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 5 | 108 | |
| YTD Return | +7.16% | +19.52% | |
| 1Y Return | +12.15% | +26.68% | |
| 3Y Return (annualized) | +12.14% | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 6.2% | 30.6% | |
| Max Drawdown | -10.6% | -83.0% | |
| Fund Family | First Trust Portfolios (US) | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 20, 2023 | Mar 10, 1999 |
GJAN vs QQQ Performance
FT Vest US Equity Moderate Buffer ETF - January (GJAN) is a ETF from First Trust Portfolios (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GJAN returned +12.15% while QQQ returned +26.68%. Year to date, GJAN is up 7.16% versus a gain of 19.52% for QQQ.
Over three years, GJAN compounded at +12.14% per year against +26.64% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.14% annualized vs +12.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 6.2% for GJAN. 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 -10.6% for GJAN and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GJAN charges 0.85% per year while QQQ charges 0.18%. On a $10,000 position that is $85 vs $18 annually, a gap of $67 per year that compounds over a long holding period. On income, GJAN currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
GJAN and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GJAN or QQQ?
GJAN has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, GJAN or QQQ?
Over the past year GJAN returned +12.15% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), GJAN annualized +12.31% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, GJAN or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 6.2% for GJAN. Worst drawdown: GJAN -10.6% vs QQQ -83.0%.
Should I hold both GJAN and QQQ?
GJAN and QQQ have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GJAN and QQQ?
GJAN and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, GJAN or QQQ?
GJAN yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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