JETD vs QQQ
MAX Airlines -3X Inverse Leveraged ETN vs Invesco QQQ Trust, Series 1
Which is better, JETD or QQQ?
Opposite sides of the same exposure.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.59, so holding both offsets the exposure while paying both fees. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 86.5%.
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 | JETD | QQQ |
|---|---|---|
| Expense Ratio | 0.95% | 0.18%Best |
| AUM | $6M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 19 | 321 |
| YTD Return | -12.44% | +15.28%Best |
| 1Y Return | -40.01% | +15.91%Best |
| 3Y Return (annualized) | -54.07% | +25.90%Best |
| 5Y Return (annualized) | - | +13.96% |
| Volatility (annualized) | 63.1% | 17.4%Best |
| Max Drawdown | -95.6% | -22.8%Best |
| $10,000 over 3.3 years | $1,643 | $19,663Best |
| Top 10 Weight | 86.5% | 46.7%Best |
| Fund Family | BMO Capital Markets | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Jun 23, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 21, 2023 to Oct 23, 2026 (3.3 years).
JETD 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 3.3 years both funds cover.
JETD vs QQQ Performance
MAX Airlines -3X Inverse Leveraged ETN (JETD) is an ETF from BMO Capital Markets and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year JETD returned -40.01% while QQQ returned +15.91%. Year to date, JETD is down 12.44% versus a gain of 15.28% for QQQ.
Over three years, JETD compounded at -54.07% per year against +25.90% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JETD has been the more volatile fund, with annualized monthly volatility of 63.1% compared with 17.4% for QQQ. 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 -95.6% for JETD 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 -0.59. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
JETD charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, JETD currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 19 holdings in JETD and 101 in QQQ, totalling 100.0% and 99.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 19 positions we hold weights for in JETD and 101 in QQQ, against full books of 19 and 321.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for JETD (97.2% of the fund), and 15 for JETD that do not appear in QQQ (88.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of JETD and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JETD or QQQ?
JETD has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, JETD or QQQ?
Over the past year JETD returned -40.01% vs +15.91% 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, JETD or QQQ?
JETD has been the more volatile fund at 63.1% annualized versus 17.4% for QQQ. Worst drawdown: JETD -95.6% vs QQQ -22.8%.
Should I hold both JETD and QQQ?
JETD and QQQ have a monthly-return correlation of -0.59, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, JETD or QQQ?
JETD yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than JETD?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.59, so holding both offsets the exposure while paying both fees. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 86.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.