JOYT vs QQQ
JPMorgan Equity and Options Total Return ETF vs Invesco QQQ Trust, Series 1
Which is better, JOYT or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. JOYT is less concentrated, with 42.3% 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 | JOYT | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $103M | $483.5B |
| Dividend Yield | 0.60% | 0.44% |
| Holdings | 118 | 107 |
| YTD Return | +8.91% | +17.95%Best |
| 1Y Return | +15.91% | +21.77%Best |
| 3Y Return (annualized) | - | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 7.3%Best | 21.2% |
| Max Drawdown | -7.0%Best | -12.0% |
| $10,000 over 1.1 years | $11,992 | $12,787Best |
| Top 10 Weight | 42.3%Best | 46.5% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Aug 18, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 19, 2025 to Sep 18, 2026 (1.1 years).
JOYT 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 1.1 years both funds cover.
JOYT vs QQQ Performance
JPMorgan Equity and Options Total Return ETF (JOYT) is an ETF from J.P. Morgan Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year JOYT returned +15.91% while QQQ returned +21.77%. Year to date, JOYT is up 8.91% versus a gain of 17.95% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 21.2% compared with 7.3% 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 -12.0% 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 0.65. They move together some of the time, and apart the rest.
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 0.60% against 0.44% for QQQ.
Holdings Overlap
51.5% of JOYT's money is in holdings QQQ also owns. 66.4% of QQQ's money is in holdings JOYT also owns.
The two portfolios partly overlap.
33 positions in common, counted across the 113 positions we hold weights for in JOYT and 102 in QQQ, against full books of 118 and 107.
What only one of them owns
Our book lists 63 positions for QQQ that do not appear in our book for JOYT (31.2% of the fund), and 78 for JOYT that do not appear in QQQ (48.1%).
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 JOYT | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.76% | 8.44% | 0.32% |
| AAPLApple, Inc | 6.98% | 7.27% | 0.29% |
| MSFTMicrosoft Corp | 6.42% | 5.76% | 0.66% |
| AMZNAmazon.Com Inc | 4.29% | 4.67% | 0.38% |
| GOOGLAlphabet Inc,class A | 4.80% | 3.36% | 1.44% |
| MUMicron Technology, Inc. | 2.36% | 4.43% | 2.07% |
| AVGOBroadcom Inc | 2.43% | 3.16% | 0.73% |
| METAMeta Platforms Inc | 2.34% | 2.78% | 0.44% |
| AMDAdvanced Micro Devices Inc | 1.30% | 3.45% | 2.15% |
| TSLATesla Inc | 1.29% | 2.56% | 1.27% |
66.4% of QQQ is already inside JOYT.
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, JOYT or QQQ?
JOYT has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, JOYT or QQQ?
Over the past year JOYT returned +15.91% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), JOYT annualized +17.96% vs +25.04% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JOYT or QQQ?
QQQ has been the more volatile fund at 21.2% annualized versus 7.3% for JOYT. Worst drawdown: JOYT -7.0% vs QQQ -12.0%.
Should I hold both JOYT and QQQ?
JOYT and QQQ have a monthly-return correlation of 0.65, 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 JOYT and QQQ?
66.4% of QQQ's money is in holdings JOYT also owns. 66.4% of QQQ's is in holdings JOYT also owns. They hold 33 positions in common, counted across the 113 positions we hold weights for in JOYT and 102 in QQQ.
Which pays a higher dividend, JOYT or QQQ?
JOYT yields 0.60% while QQQ yields 0.44%, so JOYT currently pays the higher dividend yield.
Is QQQ better than JOYT?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. JOYT is less concentrated, with 42.3% 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.