JPEF vs QQQ
JPMorgan Equity Focus ETF vs Invesco QQQ Trust, Series 1
Which is better, JPEF or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. JPEF is less concentrated, with 46.0% 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 | JPEF | QQQ |
|---|---|---|
| Expense Ratio | 0.44% | 0.18%Best |
| AUM | $2.0B | $483.5B |
| Dividend Yield | 0.65% | 0.44% |
| Holdings | 42 | 107 |
| YTD Return | +7.72% | +15.86%Best |
| 1Y Return | +10.23% | +22.63%Best |
| 3Y Return (annualized) | +18.29% | +24.15%Best |
| 5Y Return (annualized) | - | +14.16% |
| Volatility (annualized) | 12.5%Best | 17.4% |
| Max Drawdown | -18.1%Best | -22.8% |
| $10,000 over 3.1 years | $16,295 | $18,745Best |
| Top 10 Weight | 46.0%Best | 46.5% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Mar 10, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Jul 31, 2023 to Sep 10, 2026 (3.1 years).
JPEF 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 3.1 years both funds cover.
JPEF vs QQQ Performance
JPMorgan Equity Focus ETF (JPEF) 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 JPEF returned +10.23% while QQQ returned +22.63%. Year to date, JPEF is up 7.72% versus a gain of 15.86% for QQQ.
Over three years, JPEF compounded at +18.29% per year against +24.15% 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 17.4% compared with 12.5% for JPEF. 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 -18.1% for JPEF and -22.8% 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JPEF charges 0.44% per year while QQQ charges 0.18%. On a $10,000 position that is $44 vs $18 annually, a gap of $26 per year that compounds over a long holding period. On income, JPEF currently yields 0.65% against 0.44% for QQQ.
Holdings Overlap
51.5% of JPEF's money is in holdings QQQ also owns. 49.8% of QQQ's money is in holdings JPEF also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 41 positions we hold weights for in JPEF and 102 in QQQ, against full books of 42 and 107.
What only one of them owns
Our book lists 78 positions for QQQ that do not appear in our book for JPEF (47.3% of the fund), and 23 for JPEF that do not appear in QQQ (46.4%).
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 JPEF | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.54% | 8.44% | 1.10% |
| AAPLApple, Inc | 5.58% | 7.27% | 1.69% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.99% | 5.76% | 0.77% |
| GOOGAlphabet Inc | 6.26% | 3.13% | 3.13% |
| AMZNAmazon.Com Inc | 4.65% | 4.67% | 0.02% |
| MUMicron Technology, Inc. | 2.19% | 4.43% | 2.24% |
| AVGOBroadcom Inc | 3.02% | 3.16% | 0.14% |
| AMDAdvanced Micro Devices Inc. | 2.16% | 3.45% | 1.29% |
| METAMeta Platforms, Inc. | 1.98% | 2.78% | 0.80% |
| ADIAnalog Devices, Inc. | 2.76% | 0.81% | 1.95% |
51.5% of JPEF is already inside QQQ.
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, JPEF or QQQ?
JPEF has an expense ratio of 0.44% while QQQ charges 0.18%. QQQ is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, JPEF or QQQ?
Over the past year JPEF returned +10.23% vs +22.63% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPEF or QQQ?
QQQ has been the more volatile fund at 17.4% annualized versus 12.5% for JPEF. Worst drawdown: JPEF -18.1% vs QQQ -22.8%.
Should I hold both JPEF and QQQ?
JPEF and QQQ have a monthly-return correlation of 0.88, 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 JPEF and QQQ?
51.5% of JPEF's money is in holdings QQQ also owns. 49.8% of QQQ's is in holdings JPEF also owns. They hold 17 positions in common, counted across the 41 positions we hold weights for in JPEF and 102 in QQQ.
Which pays a higher dividend, JPEF or QQQ?
JPEF yields 0.65% while QQQ yields 0.44%, so JPEF currently pays the higher dividend yield.
Is QQQ better than JPEF?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. JPEF is less concentrated, with 46.0% 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.