JPHY vs QQQ
JPMorgan Active High Yield ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JPHY offers more diversification with 411 holdings.
Side-by-Side Comparison
| Metric | JPHY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.18% | |
| AUM | $2.2B | $455.8B | |
| Dividend Yield | 1.69% | 0.41% | |
| Holdings | 519 | 108 | |
| YTD Return | +2.09% | +17.46% | |
| 1Y Return | +5.32% | +26.02% | |
| 3Y Return (annualized) | - | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 1.6% | 30.6% | |
| Max Drawdown | -1.6% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 24, 2025 | Mar 10, 1999 |
JPHY vs QQQ Performance
JPMorgan Active High Yield ETF (JPHY) 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 JPHY returned +5.32% while QQQ returned +26.02%. Year to date, JPHY is up 2.09% versus a gain of 17.46% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 1.6% for JPHY. 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 -1.6% for JPHY 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPHY charges 0.45% per year while QQQ charges 0.18%. On a $10,000 position that is $45 vs $18 annually, a gap of $27 per year that compounds over a long holding period. On income, JPHY currently yields 1.69% against 0.41% for QQQ.
Holdings Overlap
JPHY and QQQ share 0 holdings out of 514 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, JPHY or QQQ?
JPHY has an expense ratio of 0.45% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, JPHY or QQQ?
Over the past year JPHY returned +5.32% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), JPHY annualized +5.54% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, JPHY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.6% for JPHY. Worst drawdown: JPHY -1.6% vs QQQ -83.0%.
Should I hold both JPHY and QQQ?
JPHY and QQQ have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPHY and QQQ?
JPHY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, JPHY or QQQ?
JPHY yields 1.69% while QQQ yields 0.41%, so JPHY currently pays the higher dividend yield.
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