JANZ vs QQQ
TrueShares Structured Outcome (January) ETF 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 | JANZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.18% | |
| AUM | $43M | $496.3B | |
| Dividend Yield | 1.33% | 0.44% | |
| Holdings | 13 | 108 | |
| YTD Return | +10.98% | +19.52% | |
| 1Y Return | +14.30% | +26.68% | |
| 3Y Return (annualized) | +15.47% | +26.64% | |
| 5Y Return (annualized) | +9.94% | +15.36% | |
| Volatility (annualized) | 11.9% | 30.6% | |
| Max Drawdown | -18.1% | -83.0% | |
| Fund Family | TrueShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 31, 2020 | Mar 10, 1999 |
JANZ vs QQQ Performance
TrueShares Structured Outcome (January) ETF (JANZ) is a ETF from TrueShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JANZ returned +14.30% while QQQ returned +26.68%. Year to date, JANZ is up 10.98% versus a gain of 19.52% for QQQ.
Over three years, JANZ compounded at +15.47% per year against +26.64% for QQQ; over five years the annualized figures are +9.94% and +15.36% respectively. Across the full 6-year window we track, QQQ has the edge at +13.14% annualized vs +11.70%. 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 11.9% for JANZ. 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 -18.1% for JANZ 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JANZ charges 0.80% per year while QQQ charges 0.18%. On a $10,000 position that is $80 vs $18 annually, a gap of $62 per year that compounds over a long holding period. On income, JANZ currently yields 1.33% against 0.44% for QQQ.
Holdings Overlap
JANZ 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, JANZ or QQQ?
JANZ has an expense ratio of 0.80% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, JANZ or QQQ?
Over the past year JANZ returned +14.30% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), JANZ annualized +11.70% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, JANZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.9% for JANZ. Worst drawdown: JANZ -18.1% vs QQQ -83.0%.
Should I hold both JANZ and QQQ?
JANZ and QQQ have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JANZ and QQQ?
JANZ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, JANZ or QQQ?
JANZ yields 1.33% while QQQ yields 0.44%, so JANZ currently pays the higher dividend yield.
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