JMUB vs QQQ
JPMorgan Municipal ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. JMUB offers more diversification with 2,068 holdings.
Side-by-Side Comparison
| Metric | JMUB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.18% | |
| AUM | $8.5B | $496.3B | |
| Dividend Yield | 3.66% | 0.44% | |
| Holdings | 2,068 | 108 | |
| YTD Return | +0.40% | +16.64% | |
| 1Y Return | +4.24% | +27.27% | |
| 3Y Return (annualized) | +3.78% | +25.96% | |
| 5Y Return (annualized) | +0.90% | +14.54% | |
| Volatility (annualized) | 5.2% | 30.6% | |
| Max Drawdown | -12.5% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 29, 2018 | Mar 10, 1999 |
JMUB vs QQQ Performance
JPMorgan Municipal ETF (JMUB) 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 JMUB returned +4.24% while QQQ returned +27.27%. Year to date, JMUB is up 0.40% versus a gain of 16.64% for QQQ.
Over three years, JMUB compounded at +3.78% per year against +25.96% for QQQ; over five years the annualized figures are +0.90% and +14.54% respectively. Across the full 8-year window we track, QQQ has the edge at +13.03% annualized vs +2.00%. 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 5.2% for JMUB. 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 -12.5% for JMUB 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMUB charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, JMUB currently yields 3.66% against 0.44% for QQQ.
Holdings Overlap
JMUB and QQQ share 0 holdings out of 150 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, JMUB or QQQ?
JMUB 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, JMUB or QQQ?
Over the past year JMUB returned +4.24% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), JMUB annualized +2.00% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JMUB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.2% for JMUB. Worst drawdown: JMUB -12.5% vs QQQ -83.0%.
Should I hold both JMUB and QQQ?
JMUB and QQQ have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMUB and QQQ?
JMUB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 150 unique securities.
Which pays a higher dividend, JMUB or QQQ?
JMUB yields 3.66% while QQQ yields 0.44%, so JMUB currently pays the higher dividend yield.
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