JMSI vs QQQ
JPMorgan Sustainable Municipal Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. JMSI offers more diversification with 301 holdings.
Side-by-Side Comparison
| Metric | JMSI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.18% | |
| AUM | $385M | $496.3B | |
| Dividend Yield | 3.71% | 0.44% | |
| Holdings | 301 | 108 | |
| YTD Return | +0.32% | +16.23% | |
| 1Y Return | +4.42% | +26.23% | |
| 3Y Return (annualized) | +3.97% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 4.7% | 30.6% | |
| Max Drawdown | -4.6% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jul 14, 2023 | Mar 10, 1999 |
JMSI vs QQQ Performance
JPMorgan Sustainable Municipal Income ETF (JMSI) 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 JMSI returned +4.42% while QQQ returned +26.23%. Year to date, JMSI is up 0.32% versus a gain of 16.23% for QQQ.
Over three years, JMSI compounded at +3.97% per year against +25.75% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.02% annualized vs +3.29%. 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 4.7% for JMSI. 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 -4.6% for JMSI 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMSI charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, JMSI currently yields 3.71% against 0.44% for QQQ.
Holdings Overlap
JMSI and QQQ share 0 holdings out of 133 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JMSI or QQQ?
JMSI has an expense ratio of 0.18% while QQQ charges 0.18%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, JMSI or QQQ?
Over the past year JMSI returned +4.42% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), JMSI annualized +3.29% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, JMSI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 4.7% for JMSI. Worst drawdown: JMSI -4.6% vs QQQ -83.0%.
Should I hold both JMSI and QQQ?
JMSI and QQQ have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMSI and QQQ?
JMSI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 133 unique securities.
Which pays a higher dividend, JMSI or QQQ?
JMSI yields 3.71% while QQQ yields 0.44%, so JMSI currently pays the higher dividend yield.
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