JMOM vs QQQ
JPMorgan US Momentum Factor ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
JMOM has a lower expense ratio. JMOM delivered stronger 1-year returns. JMOM offers more diversification with 298 holdings.
Side-by-Side Comparison
| Metric | JMOM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.18% | |
| AUM | $2.7B | $496.3B | |
| Dividend Yield | 0.76% | 0.44% | |
| Holdings | 298 | 108 | |
| YTD Return | +20.54% | +17.13% | |
| 1Y Return | +26.22% | +24.75% | |
| 3Y Return (annualized) | +25.68% | +24.85% | |
| 5Y Return (annualized) | +13.42% | +14.21% | |
| Volatility (annualized) | 17.6% | 30.6% | |
| Max Drawdown | -34.3% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2017 | Mar 10, 1999 |
JMOM vs QQQ Performance
JPMorgan US Momentum Factor ETF (JMOM) 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 JMOM returned +26.22% while QQQ returned +24.75%. Year to date, JMOM is up 20.54% versus a gain of 17.13% for QQQ.
Over three years, JMOM compounded at +25.68% per year against +24.85% for QQQ; over five years the annualized figures are +13.42% and +14.21% respectively. Across the full 9-year window we track, JMOM has the edge at +15.31% annualized vs +13.04%. 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 17.6% for JMOM. 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 -34.3% for JMOM 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JMOM charges 0.12% per year while QQQ charges 0.18%. On a $10,000 position that is $12 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, JMOM currently yields 0.76% against 0.44% for QQQ.
Holdings Overlap
JMOM and QQQ share 44 holdings out of 347 unique holdings combined, representing a 34.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JMOM or QQQ?
JMOM has an expense ratio of 0.12% while QQQ charges 0.18%. JMOM is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, JMOM or QQQ?
Over the past year JMOM returned +26.22% vs +24.75% for QQQ, so JMOM leads on 1-year performance. Over the longest common window we track (9 years), JMOM annualized +15.31% vs +13.04% for QQQ. Past performance does not guarantee future results.
Which is riskier, JMOM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.6% for JMOM. Worst drawdown: JMOM -34.3% vs QQQ -83.0%.
Should I hold both JMOM and QQQ?
JMOM and QQQ have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JMOM and QQQ?
JMOM and QQQ share 44 common holdings with a 34.6% weight overlap. Combined, they hold 347 unique securities.
Which pays a higher dividend, JMOM or QQQ?
JMOM yields 0.76% while QQQ yields 0.44%, so JMOM currently pays the higher dividend yield.
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