JGLO vs QQQ
JPMorgan Global Select Equity 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 | JGLO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.18% | |
| AUM | $6.8B | $496.3B | |
| Dividend Yield | 1.13% | 0.44% | |
| Holdings | 93 | 108 | |
| YTD Return | +7.99% | +16.64% | |
| 1Y Return | +12.42% | +27.27% | |
| 3Y Return (annualized) | +16.49% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 11.1% | 30.6% | |
| Max Drawdown | -16.1% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 13, 2023 | Mar 10, 1999 |
JGLO vs QQQ Performance
JPMorgan Global Select Equity ETF (JGLO) 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 JGLO returned +12.42% while QQQ returned +27.27%. Year to date, JGLO is up 7.99% versus a gain of 16.64% for QQQ.
Over three years, JGLO compounded at +16.49% per year against +25.96% for QQQ. Across the full 3-year window we track, JGLO has the edge at +16.49% annualized vs +13.03%. 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 11.1% for JGLO. 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 -16.1% for JGLO 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JGLO charges 0.47% per year while QQQ charges 0.18%. On a $10,000 position that is $47 vs $18 annually, a gap of $29 per year that compounds over a long holding period. On income, JGLO currently yields 1.13% against 0.44% for QQQ.
Holdings Overlap
JGLO and QQQ share 17 holdings out of 162 unique holdings combined, representing a 33.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JGLO or QQQ?
JGLO has an expense ratio of 0.47% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, JGLO or QQQ?
Over the past year JGLO returned +12.42% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), JGLO annualized +16.49% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JGLO or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.1% for JGLO. Worst drawdown: JGLO -16.1% vs QQQ -83.0%.
Should I hold both JGLO and QQQ?
JGLO and QQQ have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JGLO and QQQ?
JGLO and QQQ share 17 common holdings with a 33.6% weight overlap. Combined, they hold 162 unique securities.
Which pays a higher dividend, JGLO or QQQ?
JGLO yields 1.13% while QQQ yields 0.44%, so JGLO currently pays the higher dividend yield.
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