JPC vs QQQ
Nuveen Preferred & Income Opportunities Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JPC offers more diversification with 260 holdings.
Side-by-Side Comparison
| Metric | JPC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 2.14% | 0.18% | |
| AUM | - | $496.3B | |
| Dividend Yield | 9.90% | 0.44% | |
| Holdings | 260 | 108 | |
| YTD Return | +0.59% | +17.30% | |
| 1Y Return | +4.65% | +24.93% | |
| 3Y Return (annualized) | +16.83% | +26.19% | |
| 5Y Return (annualized) | +3.52% | +15.34% | |
| Volatility (annualized) | 18.2% | 30.6% | |
| Max Drawdown | -82.5% | -83.0% | |
| Fund Family | Nuveen | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Mar 26, 2003 | Mar 10, 1999 |
JPC vs QQQ Performance
Nuveen Preferred & Income Opportunities Fund (JPC) is a ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JPC returned +4.65% while QQQ returned +24.93%. Year to date, JPC is up 0.59% versus a gain of 17.30% for QQQ.
Over three years, JPC compounded at +16.83% per year against +26.19% for QQQ; over five years the annualized figures are +3.52% and +15.34% respectively. Across the full 23-year window we track, QQQ has the edge at +13.06% annualized vs -0.84%. 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 18.2% for JPC. 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 -82.5% for JPC 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPC charges 2.14% per year while QQQ charges 0.18%. On a $10,000 position that is $214 vs $18 annually, a gap of $196 per year that compounds over a long holding period. On income, JPC currently yields 9.90% against 0.44% for QQQ.
Holdings Overlap
JPC and QQQ share 0 holdings out of 316 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, JPC or QQQ?
JPC has an expense ratio of 2.14% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $196 per year of difference.
Which performed better, JPC or QQQ?
Over the past year JPC returned +4.65% vs +24.93% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (23 years), JPC annualized -0.84% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, JPC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.2% for JPC. Worst drawdown: JPC -82.5% vs QQQ -83.0%.
Should I hold both JPC and QQQ?
JPC and QQQ have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPC and QQQ?
JPC and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 316 unique securities.
Which pays a higher dividend, JPC or QQQ?
JPC yields 9.90% while QQQ yields 0.44%, so JPC currently pays the higher dividend yield.
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