JEPQ vs QQQ
JPMorgan Nasdaq Equity Premium Income ETF vs Invesco QQQ Trust, Series 1
Which is better, JEPQ or QQQ?
Nearly the same fund. QQQ costs less.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JEPQ | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $44.2B | $437.3B |
| Dividend Yield | 11.60% | 0.43% |
| Holdings | 221 | 208 |
| YTD Return | +5.07% | +10.43%Best |
| 1Y Return | +5.88% | +8.78%Best |
| 3Y Return (annualized) | +16.51% | +22.14%Best |
| 5Y Return (annualized) | - | +12.29% |
| Volatility (annualized) | 14.0%Best | 20.1% |
| Max Drawdown | -20.1%Best | -22.8% |
| $10,000 over 4.5 years | $17,884 | $20,972Best |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 3, 2022 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: May 4, 2022 to Nov 10, 2026 (4.5 years).
JEPQ vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.5 years both funds cover.
JEPQ vs QQQ Performance
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is an ETF from J.P. Morgan Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year JEPQ returned +5.88% while QQQ returned +8.78%. Year to date, JEPQ is up 5.07% versus a gain of 10.43% for QQQ.
Over three years, JEPQ compounded at +16.51% per year against +22.14% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 14.0% for JEPQ. 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 -20.1% for JEPQ and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JEPQ charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, JEPQ currently yields 11.60% against 0.43% for QQQ.
Holdings Overlap
At least 88.5% of QQQ's money is in holdings JEPQ also owns.
Stated as a floor: for JEPQ, our book for it covers 83.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of QQQ is already inside JEPQ. Owning both mostly buys the same companies twice.
71 positions in common, counted across the 95 positions we hold weights for in JEPQ and 101 in QQQ, against full books of 221 and 208.
Top Shared Holdings
| Stock | Weight in JEPQ | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.21% | 8.05% | 0.84% |
| AAPLApple Inc | 6.65% | 7.68% | 1.03% |
| MSFTMicrosoft Corp | 5.46% | 6.16% | 0.70% |
| MUMicron Technology, Inc. | 4.29% | 4.47% | 0.18% |
| AMZNAmazon.Com Inc | 3.84% | 4.23% | 0.39% |
| GOOGAlphabet Inc. C | 4.81% | 2.93% | 1.88% |
| AMDAdvanced Micro Devices Inc | 3.72% | 3.90% | 0.18% |
| METAMeta Platforms Inc | 3.05% | 3.37% | 0.32% |
| TSLATesla Inc | 2.10% | 2.93% | 0.83% |
| AVGOBroadcom Inc | 1.93% | 2.52% | 0.59% |
88.5% of QQQ is already inside JEPQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JEPQ or QQQ?
JEPQ has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, JEPQ or QQQ?
Over the past year JEPQ returned +5.88% vs +8.78% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JEPQ or QQQ?
QQQ has been the more volatile fund at 20.1% annualized versus 14.0% for JEPQ. Worst drawdown: JEPQ -20.1% vs QQQ -22.8%.
Should I hold both JEPQ and QQQ?
JEPQ and QQQ have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between JEPQ and QQQ?
At least 88.5% of QQQ's money is in holdings JEPQ also owns. Our book for JEPQ is partial, so the real figure is this or higher. They hold 71 positions in common, counted across the 95 positions we hold weights for in JEPQ and 101 in QQQ.
Which pays a higher dividend, JEPQ or QQQ?
JEPQ yields 11.60% while QQQ yields 0.43%, so JEPQ currently pays the higher dividend yield.
Is QQQ better than JEPQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.