JGRO vs QQQ
JPMorgan Active Growth ETF vs Invesco QQQ Trust, Series 1
Which is better, JGRO 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. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 49.2%.
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 | JGRO | QQQ |
|---|---|---|
| Expense Ratio | 0.44% | 0.18%Best |
| AUM | $9.8B | $483.5B |
| Dividend Yield | 0.15% | 0.44% |
| Holdings | 132 | 107 |
| YTD Return | +2.46% | +17.95%Best |
| 1Y Return | +2.18% | +21.77%Best |
| 3Y Return (annualized) | +19.62% | +25.63%Best |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 17.0%Best | 18.9% |
| Max Drawdown | -22.7%Best | -22.8% |
| $10,000 over 4.1 years | $19,290 | $23,266Best |
| Top 10 Weight | 49.2% | 46.5%Best |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Aug 8, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Aug 9, 2022 to Sep 18, 2026 (4.1 years).
JGRO 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 4.1 years both funds cover.
JGRO vs QQQ Performance
JPMorgan Active Growth ETF (JGRO) 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 JGRO returned +2.18% while QQQ returned +21.77%. Year to date, JGRO is up 2.46% versus a gain of 17.95% for QQQ.
Over three years, JGRO compounded at +19.62% per year against +25.63% for QQQ. Across the full 4-year window we track, QQQ has the edge at +22.87% annualized vs +17.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 17.0% for JGRO. 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 -22.7% for JGRO 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
JGRO charges 0.44% per year while QQQ charges 0.18%. On a $10,000 position that is $44 vs $18 annually, a gap of $26 per year that compounds over a long holding period. On income, JGRO currently yields 0.15% against 0.44% for QQQ.
Holdings Overlap
59.6% of JGRO's money is in holdings QQQ also owns. 72.6% of QQQ's money is in holdings JGRO also owns.
Most of QQQ is already inside JGRO. Owning both mostly buys the same companies twice.
39 positions in common, counted across the 132 positions we hold weights for in JGRO and 102 in QQQ, against full books of 132 and 107.
What only one of them owns
Our book lists 57 positions for QQQ that do not appear in our book for JGRO (24.9% of the fund), and 86 for JGRO that do not appear in QQQ (38.4%).
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 JGRO | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 12.49% | 8.44% | 4.05% |
| GOOGAlphabet Inc | 10.60% | 3.13% | 7.47% |
| AAPLApple, Inc | 5.32% | 7.27% | 1.95% |
| MSFTMicrosoft Corp | 3.35% | 5.76% | 2.41% |
| AVGOBroadcom Inc | 4.72% | 3.16% | 1.56% |
| MUMicron Technology, Inc. | 2.51% | 4.43% | 1.92% |
| AMZNAmazon.Com Inc | 1.39% | 4.67% | 3.28% |
| AMDAdvanced Micro Devices Inc | 2.58% | 3.45% | 0.87% |
| METAMeta Platforms Inc | 2.08% | 2.78% | 0.70% |
| TSLATesla Inc | 1.69% | 2.56% | 0.87% |
72.6% of QQQ is already inside JGRO.
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, JGRO or QQQ?
JGRO has an expense ratio of 0.44% while QQQ charges 0.18%. QQQ is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, JGRO or QQQ?
Over the past year JGRO returned +2.18% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), JGRO annualized +17.38% vs +22.87% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JGRO or QQQ?
QQQ has been the more volatile fund at 18.9% annualized versus 17.0% for JGRO. Worst drawdown: JGRO -22.7% vs QQQ -22.8%.
Should I hold both JGRO and QQQ?
JGRO 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 JGRO and QQQ?
72.6% of QQQ's money is in holdings JGRO also owns. 72.6% of QQQ's is in holdings JGRO also owns. They hold 39 positions in common, counted across the 132 positions we hold weights for in JGRO and 102 in QQQ.
Which pays a higher dividend, JGRO or QQQ?
JGRO yields 0.15% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than JGRO?
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. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 49.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.