JPEF vs QQQ
JPMorgan Equity Focus 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 | JPEF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.44% | 0.18% | |
| AUM | $2.1B | $496.3B | |
| Dividend Yield | 0.65% | 0.44% | |
| Holdings | 42 | 108 | |
| YTD Return | +9.19% | +16.64% | |
| 1Y Return | +14.65% | +27.27% | |
| 3Y Return (annualized) | +19.95% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 12.6% | 30.6% | |
| Max Drawdown | -18.1% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 2023 | Mar 10, 1999 |
JPEF vs QQQ Performance
JPMorgan Equity Focus ETF (JPEF) 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 JPEF returned +14.65% while QQQ returned +27.27%. Year to date, JPEF is up 9.19% versus a gain of 16.64% for QQQ.
Over three years, JPEF compounded at +19.95% per year against +25.96% for QQQ. Across the full 3-year window we track, JPEF has the edge at +17.91% 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 12.6% 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 -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 0.88. 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
JPEF and QQQ share 17 holdings out of 126 unique holdings combined, representing a 41.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $26 per year of difference.
Which performed better, JPEF or QQQ?
Over the past year JPEF returned +14.65% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), JPEF annualized +17.91% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JPEF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.6% for JPEF. Worst drawdown: JPEF -18.1% vs QQQ -83.0%.
Should I hold both JPEF and QQQ?
JPEF and QQQ have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPEF and QQQ?
JPEF and QQQ share 17 common holdings with a 41.0% weight overlap. Combined, they hold 126 unique securities.
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.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.