JPME vs QQQ
JPMorgan Diversified Return US Mid Cap Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JPME offers more diversification with 357 holdings.
Side-by-Side Comparison
| Metric | JPME | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.18% | |
| AUM | $479M | $496.3B | |
| Dividend Yield | 1.74% | 0.44% | |
| Holdings | 357 | 108 | |
| YTD Return | +17.57% | +15.47% | |
| 1Y Return | +20.93% | +24.44% | |
| 3Y Return (annualized) | +16.09% | +25.47% | |
| 5Y Return (annualized) | +9.31% | +14.22% | |
| Volatility (annualized) | 16.5% | 30.6% | |
| Max Drawdown | -41.0% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 11, 2016 | Mar 10, 1999 |
JPME vs QQQ Performance
JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) 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 JPME returned +20.93% while QQQ returned +24.44%. Year to date, JPME is up 17.57% versus a gain of 15.47% for QQQ.
Over three years, JPME compounded at +16.09% per year against +25.47% for QQQ; over five years the annualized figures are +9.31% and +14.22% respectively. Across the full 10-year window we track, QQQ has the edge at +12.99% annualized vs +10.75%. 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 16.5% for JPME. 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 -41.0% for JPME 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JPME charges 0.24% per year while QQQ charges 0.18%. On a $10,000 position that is $24 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, JPME currently yields 1.74% against 0.44% for QQQ.
Holdings Overlap
JPME and QQQ share 12 holdings out of 438 unique holdings combined, representing a 2.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JPME or QQQ?
JPME has an expense ratio of 0.24% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, JPME or QQQ?
Over the past year JPME returned +20.93% vs +24.44% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), JPME annualized +10.75% vs +12.99% for QQQ. Past performance does not guarantee future results.
Which is riskier, JPME or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.5% for JPME. Worst drawdown: JPME -41.0% vs QQQ -83.0%.
Should I hold both JPME and QQQ?
JPME and QQQ have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPME and QQQ?
JPME and QQQ share 12 common holdings with a 2.4% weight overlap. Combined, they hold 438 unique securities.
Which pays a higher dividend, JPME or QQQ?
JPME yields 1.74% while QQQ yields 0.44%, so JPME 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.