JGLO vs QQQ
JPMorgan Global Select Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, JGLO or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. JGLO is less concentrated, with 40.1% of the fund in its ten largest positions against 46.5%.
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 | JGLO | QQQ |
|---|---|---|
| Expense Ratio | 0.47% | 0.18%Best |
| AUM | $6.6B | $483.5B |
| Dividend Yield | 1.11% | 0.44% |
| Holdings | 90 | 107 |
| YTD Return | +5.51% | +15.18%Best |
| 1Y Return | +8.18% | +19.65%Best |
| 3Y Return (annualized) | +15.73% | +24.60%Best |
| 5Y Return (annualized) | - | +13.94% |
| Volatility (annualized) | 11.1%Best | 17.4% |
| Max Drawdown | -16.1%Best | -22.8% |
| $10,000 over 3 years | $15,284 | $18,988Best |
| Top 10 Weight | 40.1%Best | 46.5% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Sep 13, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 14, 2023 to Sep 15, 2026 (3 years).
JGLO 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 years both funds cover.
JGLO vs QQQ Performance
JPMorgan Global Select Equity ETF (JGLO) 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 JGLO returned +8.18% while QQQ returned +19.65%. Year to date, JGLO is up 5.51% versus a gain of 15.18% for QQQ.
Over three years, JGLO compounded at +15.73% per year against +24.60% 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 17.4% 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 -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 0.81. 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 1.11% against 0.44% for QQQ.
Holdings Overlap
37.7% of JGLO's money is in holdings QQQ also owns. 53.6% of QQQ's money is in holdings JGLO also owns.
The two portfolios partly overlap.
19 positions in common, counted across the 80 positions we hold weights for in JGLO and 102 in QQQ, against full books of 90 and 107.
What only one of them owns
Our book lists 77 positions for QQQ that do not appear in our book for JGLO (44.0% of the fund), and 33 for JGLO that do not appear in QQQ (36.2%).
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.
Top Shared Holdings
| Stock | Weight in JGLO | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.94% | 8.44% | 0.50% |
| MSFTMicrosoft Corp | 6.52% | 5.76% | 0.76% |
| AAPLApple, Inc | 3.16% | 7.27% | 4.11% |
| AMZNAmazon.Com Inc | 4.86% | 4.67% | 0.19% |
| GOOGLAlphabet Inc,class A | 4.00% | 3.36% | 0.64% |
| MUMicron Technology, Inc. | 0.57% | 4.43% | 3.86% |
| METAMeta Platforms Inc | 1.86% | 2.78% | 0.92% |
| AVGOBroadcom Inc | 1.19% | 3.16% | 1.97% |
| AMDAdvanced Micro Devices Inc | 0.46% | 3.45% | 2.99% |
| TSLATesla Inc | 0.45% | 2.56% | 2.11% |
53.6% of QQQ is already inside JGLO.
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, JGLO or QQQ?
JGLO has an expense ratio of 0.47% while QQQ charges 0.18%. QQQ is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, JGLO or QQQ?
Over the past year JGLO returned +8.18% vs +19.65% 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, JGLO or QQQ?
QQQ has been the more volatile fund at 17.4% annualized versus 11.1% for JGLO. Worst drawdown: JGLO -16.1% vs QQQ -22.8%.
Should I hold both JGLO and QQQ?
JGLO and QQQ have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JGLO and QQQ?
53.6% of QQQ's money is in holdings JGLO also owns. 53.6% of QQQ's is in holdings JGLO also owns. They hold 19 positions in common, counted across the 80 positions we hold weights for in JGLO and 102 in QQQ.
Which pays a higher dividend, JGLO or QQQ?
JGLO yields 1.11% while QQQ yields 0.44%, so JGLO currently pays the higher dividend yield.
Is QQQ better than JGLO?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. JGLO is less concentrated, with 40.1% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.