JCPB vs QQQ
JPMorgan Core Plus Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JCPB offers more diversification with 2,596 holdings.
Side-by-Side Comparison
| Metric | JCPB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.37% | 0.18% | |
| AUM | $14.3B | $496.3B | |
| Dividend Yield | 4.98% | 0.44% | |
| Holdings | 2,596 | 108 | |
| YTD Return | +0.31% | +16.64% | |
| 1Y Return | +3.29% | +27.27% | |
| 3Y Return (annualized) | +5.74% | +25.96% | |
| 5Y Return (annualized) | +0.72% | +14.54% | |
| Volatility (annualized) | 5.5% | 30.6% | |
| Max Drawdown | -17.7% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 28, 2019 | Mar 10, 1999 |
JCPB vs QQQ Performance
JPMorgan Core Plus Bond ETF (JCPB) is a ETF from J.P. Morgan Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JCPB returned +3.29% while QQQ returned +27.27%. Year to date, JCPB is up 0.31% versus a gain of 16.64% for QQQ.
Over three years, JCPB compounded at +5.74% per year against +25.96% for QQQ; over five years the annualized figures are +0.72% and +14.54% respectively. Across the full 8-year window we track, QQQ has the edge at +13.03% annualized vs +1.81%. 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 5.5% for JCPB. 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 -17.7% for JCPB 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JCPB charges 0.37% per year while QQQ charges 0.18%. On a $10,000 position that is $37 vs $18 annually, a gap of $19 per year that compounds over a long holding period. On income, JCPB currently yields 4.98% against 0.44% for QQQ.
Holdings Overlap
JCPB and QQQ share 0 holdings out of 1810 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, JCPB or QQQ?
JCPB has an expense ratio of 0.37% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, JCPB or QQQ?
Over the past year JCPB returned +3.29% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), JCPB annualized +1.81% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JCPB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.5% for JCPB. Worst drawdown: JCPB -17.7% vs QQQ -83.0%.
Should I hold both JCPB and QQQ?
JCPB and QQQ have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JCPB and QQQ?
JCPB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1810 unique securities.
Which pays a higher dividend, JCPB or QQQ?
JCPB yields 4.98% while QQQ yields 0.44%, so JCPB currently pays the higher dividend yield.
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