JFR vs QQQ
Nuveen Floating Rate Income Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JFR offers more diversification with 450 holdings.
Side-by-Side Comparison
| Metric | JFR | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 5.52% | 0.18% | |
| AUM | - | $496.3B | |
| Dividend Yield | 11.84% | 0.44% | |
| Holdings | 450 | 108 | |
| YTD Return | +5.35% | +16.23% | |
| 1Y Return | +2.33% | +26.23% | |
| 3Y Return (annualized) | +10.85% | +25.75% | |
| 5Y Return (annualized) | +5.91% | +14.78% | |
| Volatility (annualized) | 15.4% | 30.6% | |
| Max Drawdown | -69.0% | -83.0% | |
| Fund Family | Nuveen | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 25, 2004 | Mar 10, 1999 |
JFR vs QQQ Performance
Nuveen Floating Rate Income Fund (JFR) is a ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JFR returned +2.33% while QQQ returned +26.23%. Year to date, JFR is up 5.35% versus a gain of 16.23% for QQQ.
Over three years, JFR compounded at +10.85% per year against +25.75% for QQQ; over five years the annualized figures are +5.91% and +14.78% respectively. Across the full 22-year window we track, QQQ has the edge at +13.02% annualized vs -0.43%. 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 15.4% for JFR. 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 -69.0% for JFR 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JFR charges 5.52% per year while QQQ charges 0.18%. On a $10,000 position that is $552 vs $18 annually, a gap of $534 per year that compounds over a long holding period. On income, JFR currently yields 11.84% against 0.44% for QQQ.
Holdings Overlap
JFR and QQQ share 0 holdings out of 372 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, JFR or QQQ?
JFR has an expense ratio of 5.52% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $534 per year of difference.
Which performed better, JFR or QQQ?
Over the past year JFR returned +2.33% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (22 years), JFR annualized -0.43% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, JFR or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.4% for JFR. Worst drawdown: JFR -69.0% vs QQQ -83.0%.
Should I hold both JFR and QQQ?
JFR and QQQ have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JFR and QQQ?
JFR and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 372 unique securities.
Which pays a higher dividend, JFR or QQQ?
JFR yields 11.84% while QQQ yields 0.44%, so JFR currently pays the higher dividend yield.
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