JMID vs QQQ
Janus Henderson Mid Cap Growth Alpha ETF vs Invesco QQQ Trust, Series 1
Which is better, JMID or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. JMID is less concentrated, with 23.2% 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 | JMID | QQQ |
|---|---|---|
| Expense Ratio | 0.30% | 0.18%Best |
| AUM | $22M | $486.1B |
| Dividend Yield | 0.58% | 0.44% |
| Holdings | 94 | 107 |
| YTD Return | +8.24% | +17.54%Best |
| 1Y Return | +5.78% | +25.59%Best |
| 3Y Return (annualized) | - | +24.63% |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 17.5%Best | 18.5% |
| Max Drawdown | -25.4% | -22.8%Best |
| $10,000 over 2 years | $12,930 | $15,545Best |
| Top 10 Weight | 23.2%Best | 46.5% |
| Fund Family | Janus Henderson Investors | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Sep 17, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 18, 2024 to Sep 4, 2026 (2 years).
JMID 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 2 years both funds cover.
JMID vs QQQ Performance
Janus Henderson Mid Cap Growth Alpha ETF (JMID) is an ETF from Janus Henderson Investors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year JMID returned +5.78% while QQQ returned +25.59%. Year to date, JMID is up 8.24% versus a gain of 17.54% 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 18.5% compared with 17.5% for JMID. 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 -25.4% for JMID 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JMID charges 0.30% per year while QQQ charges 0.18%. On a $10,000 position that is $30 vs $18 annually, a gap of $12 per year that compounds over a long holding period. On income, JMID currently yields 0.58% against 0.44% for QQQ.
Holdings Overlap
15.3% of JMID's money is in holdings QQQ also owns. 2.6% of QQQ's money is in holdings JMID also owns.
JMID and QQQ share little of their money.
12 positions in common, counted across the 93 positions we hold weights for in JMID and 102 in QQQ, against full books of 94 and 107.
What only one of them owns
Our book lists 84 positions for QQQ that do not appear in our book for JMID (94.9% of the fund), and 78 for JMID that do not appear in QQQ (82.3%).
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 JMID | Weight in QQQ | Difference |
|---|---|---|---|
| DDOGDatadog Inc | 2.18% | 0.41% | 1.77% |
| DXCMDexcom Inc. | 2.41% | 0.14% | 2.27% |
| TERTeradyne Inc - Common | 2.25% | 0.27% | 1.98% |
| LITELumentum Holdings Inc | 1.87% | 0.28% | 1.59% |
| ADSKAutodesk, Inc. | 1.52% | 0.22% | 1.30% |
| ALABAstera Labs Inc - Common | 1.43% | 0.24% | 1.19% |
| ODFLOld Dominion Freig | 0.93% | 0.20% | 0.73% |
| ALNYAlnylam Pharmaceuticals Inc. | 0.96% | 0.13% | 0.83% |
| IDXXIdexx Labs | 0.65% | 0.20% | 0.45% |
| RKLBRocket Lab Corporation | 0.56% | 0.19% | 0.37% |
You are not choosing between two funds in isolation.
Whichever of JMID 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, JMID or QQQ?
JMID has an expense ratio of 0.30% while QQQ charges 0.18%. QQQ is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, JMID or QQQ?
Over the past year JMID returned +5.78% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), JMID annualized +13.71% vs +24.68% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JMID or QQQ?
QQQ has been the more volatile fund at 18.5% annualized versus 17.5% for JMID. Worst drawdown: JMID -25.4% vs QQQ -22.8%.
Should I hold both JMID and QQQ?
JMID and QQQ have a monthly-return correlation of 0.74, 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 JMID and QQQ?
15.3% of JMID's money is in holdings QQQ also owns. 2.6% of QQQ's is in holdings JMID also owns. They hold 12 positions in common, counted across the 93 positions we hold weights for in JMID and 102 in QQQ.
Which pays a higher dividend, JMID or QQQ?
JMID yields 0.58% while QQQ yields 0.44%, so JMID currently pays the higher dividend yield.
Is QQQ better than JMID?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. JMID is less concentrated, with 23.2% 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.