JOET vs QQQ
Virtus Terranova US Quality Momentum ETF vs Invesco QQQ Trust, Series 1
Which is better, JOET or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. JOET is less concentrated, with 9.2% 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 | JOET | QQQ |
|---|---|---|
| Expense Ratio | 0.29% | 0.18%Best |
| AUM | $240M | $483.5B |
| Dividend Yield | 0.60% | 0.44% |
| Holdings | 125 | 107 |
| YTD Return | +6.58% | +15.86%Best |
| 1Y Return | +7.43% | +22.63%Best |
| 3Y Return (annualized) | +16.88% | +24.15%Best |
| 5Y Return (annualized) | +8.64% | +14.16%Best |
| Volatility (annualized) | 16.3%Best | 19.9% |
| Max Drawdown | -26.6%Best | -35.1% |
| $10,000 over 5 years | $15,134 | $19,390Best |
| Top 10 Weight | 9.2%Best | 46.5% |
| Fund Family | Virtus Investment Partners | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 17, 2020 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 18, 2020 to Sep 10, 2026 (5.8 years).
JOET 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 5.8 years both funds cover.
JOET vs QQQ Performance
Virtus Terranova US Quality Momentum ETF (JOET) is an ETF from Virtus Investment Partners and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year JOET returned +7.43% while QQQ returned +22.63%. Year to date, JOET is up 6.58% versus a gain of 15.86% for QQQ.
Over three years, JOET compounded at +16.88% per year against +24.15% for QQQ; over five years the annualized figures are +8.64% and +14.16% respectively. Across the full 6-year window we track, QQQ has the edge at +17.27% annualized vs +11.73%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 16.3% for JOET. 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 -26.6% for JOET and -35.1% 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JOET charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, JOET currently yields 0.60% against 0.44% for QQQ.
Holdings Overlap
28.5% of JOET's money is in holdings QQQ also owns. 57.8% of QQQ's money is in holdings JOET also owns.
The two portfolios partly overlap.
35 positions in common, counted across the 124 positions we hold weights for in JOET and 102 in QQQ, against full books of 125 and 107.
What only one of them owns
Our book lists 60 positions for QQQ that do not appear in our book for JOET (39.2% of the fund), and 88 for JOET that do not appear in QQQ (69.9%).
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 JOET | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 0.87% | 8.44% | 7.57% |
| AAPLApple, Inc | 0.71% | 7.27% | 6.56% |
| AMZNAmazon.Com Inc | 0.92% | 4.67% | 3.75% |
| MUMicron Technology, Inc. | 0.85% | 4.43% | 3.58% |
| AMDAdvanced Micro Devices Inc. | 0.83% | 3.45% | 2.62% |
| GOOGLAlphabet A Usd 0.001 | 0.84% | 3.36% | 2.52% |
| AVGOBroadcom Inc | 0.85% | 3.16% | 2.31% |
| WMTWalmart, Inc. | 0.77% | 2.41% | 1.64% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.82% | 2.10% | 1.28% |
| AMATApplied Materials, Inc. | 0.87% | 1.86% | 0.99% |
57.8% of QQQ is already inside JOET.
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, JOET or QQQ?
JOET has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, JOET or QQQ?
Over the past year JOET returned +7.43% vs +22.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), JOET annualized +11.73% vs +17.27% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JOET or QQQ?
QQQ has been the more volatile fund at 19.9% annualized versus 16.3% for JOET. Worst drawdown: JOET -26.6% vs QQQ -35.1%.
Should I hold both JOET and QQQ?
JOET and QQQ have a monthly-return correlation of 0.82, 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 JOET and QQQ?
57.8% of QQQ's money is in holdings JOET also owns. 57.8% of QQQ's is in holdings JOET also owns. They hold 35 positions in common, counted across the 124 positions we hold weights for in JOET and 102 in QQQ.
Which pays a higher dividend, JOET or QQQ?
JOET yields 0.60% while QQQ yields 0.44%, so JOET currently pays the higher dividend yield.
Is QQQ better than JOET?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. JOET is less concentrated, with 9.2% 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.