JOYT vs QQQ
JPMorgan Equity and Options Total Return ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JOYT offers more diversification with 118 holdings.
Side-by-Side Comparison
| Metric | JOYT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $101M | $496.3B | |
| Dividend Yield | 0.62% | 0.44% | |
| Holdings | 118 | 108 | |
| YTD Return | +8.51% | +16.23% | |
| 1Y Return | +19.14% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 7.4% | 30.6% | |
| Max Drawdown | -7.0% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 18, 2025 | Mar 10, 1999 |
JOYT vs QQQ Performance
JPMorgan Equity and Options Total Return ETF (JOYT) 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 JOYT returned +19.14% while QQQ returned +26.23%. Year to date, JOYT is up 8.51% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.4% for JOYT. 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 -7.0% for JOYT 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JOYT charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, JOYT currently yields 0.62% against 0.44% for QQQ.
Holdings Overlap
JOYT and QQQ share 33 holdings out of 182 unique holdings combined, representing a 47.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JOYT or QQQ?
JOYT has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, JOYT or QQQ?
Over the past year JOYT returned +19.14% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), JOYT annualized +19.08% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, JOYT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.4% for JOYT. Worst drawdown: JOYT -7.0% vs QQQ -83.0%.
Should I hold both JOYT and QQQ?
JOYT and QQQ have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JOYT and QQQ?
JOYT and QQQ share 33 common holdings with a 47.2% weight overlap. Combined, they hold 182 unique securities.
Which pays a higher dividend, JOYT or QQQ?
JOYT yields 0.62% while QQQ yields 0.44%, so JOYT currently pays the higher dividend yield.
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