JPAN vs QQQ
Matthews Japan Active ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | JPAN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $10M | $496.3B | |
| Dividend Yield | 4.47% | 0.44% | |
| Holdings | 55 | 108 | |
| YTD Return | +17.53% | +16.64% | |
| 1Y Return | +24.81% | +27.27% | |
| 3Y Return (annualized) | +22.72% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 14.8% | 30.6% | |
| Max Drawdown | -15.2% | -83.0% | |
| Fund Family | Matthews Asia Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 21, 2023 | Mar 10, 1999 |
JPAN vs QQQ Performance
Matthews Japan Active ETF (JPAN) is a ETF from Matthews Asia Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JPAN returned +24.81% while QQQ returned +27.27%. Year to date, JPAN is up 17.53% versus a gain of 16.64% for QQQ.
Over three years, JPAN compounded at +22.72% per year against +25.96% for QQQ. Across the full 3-year window we track, JPAN has the edge at +22.72% annualized vs +13.03%. 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 14.8% for JPAN. 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 -15.2% for JPAN 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPAN charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, JPAN currently yields 4.47% against 0.44% for QQQ.
Holdings Overlap
JPAN and QQQ share 0 holdings out of 154 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, JPAN or QQQ?
JPAN has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, JPAN or QQQ?
Over the past year JPAN returned +24.81% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), JPAN annualized +22.72% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JPAN or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.8% for JPAN. Worst drawdown: JPAN -15.2% vs QQQ -83.0%.
Should I hold both JPAN and QQQ?
JPAN and QQQ have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPAN and QQQ?
JPAN and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 154 unique securities.
Which pays a higher dividend, JPAN or QQQ?
JPAN yields 4.47% while QQQ yields 0.44%, so JPAN currently pays the higher dividend yield.
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