JPSE vs QQQ
JPMorgan Diversified Return US Small Cap Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, JPSE or QQQ?
Small Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. JPSE is less concentrated, with 3.9% 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 | JPSE | QQQ |
|---|---|---|
| Expense Ratio | 0.29% | 0.18%Best |
| AUM | $588M | $483.5B |
| Dividend Yield | 1.33% | 0.44% |
| Holdings | 563 | 107 |
| YTD Return | +13.89% | +21.71%Best |
| 1Y Return | +16.92% | +25.89%Best |
| 3Y Return (annualized) | +15.58% | +28.80%Best |
| 5Y Return (annualized) | +6.91% | +15.67%Best |
| Volatility (annualized) | 19.9% | 19.2%Best |
| Max Drawdown | -43.2% | -35.1%Best |
| $10,000 over 5 years | $13,967 | $20,706Best |
| Top 10 Weight | 3.9%Best | 46.5% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Growth |
| Inception | Nov 15, 2016 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 17, 2016 to Sep 25, 2026 (9.9 years).
JPSE 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 9.9 years both funds cover.
JPSE vs QQQ Performance
JPMorgan Diversified Return US Small Cap Equity ETF (JPSE) 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 JPSE returned +16.92% while QQQ returned +25.89%. Year to date, JPSE is up 13.89% versus a gain of 21.71% for QQQ.
Over three years, JPSE compounded at +15.58% per year against +28.80% for QQQ; over five years the annualized figures are +6.91% and +15.67% respectively. Across the full 10-year window we track, QQQ has the edge at +20.98% annualized vs +9.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPSE has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 19.2% for QQQ. 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 -43.2% for JPSE and -35.1% 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JPSE charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, JPSE currently yields 1.33% against 0.44% for QQQ.
Holdings Overlap
0.7% of QQQ's money is in holdings JPSE also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 544 positions we hold weights for in JPSE and 102 in QQQ, against full books of 563 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for JPSE (96.8% of the fund), and 506 for JPSE that do not appear in QQQ (91.8%).
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 JPSE | Weight in QQQ | Difference |
|---|---|---|---|
| GILDGilead Sciences | 0.00% | 0.72% | 0.72% |
You are not choosing between two funds in isolation.
Whichever of JPSE and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JPSE or QQQ?
JPSE has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, JPSE or QQQ?
Over the past year JPSE returned +16.92% vs +25.89% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), JPSE annualized +9.60% vs +20.98% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPSE or QQQ?
JPSE has been the more volatile fund at 19.9% annualized versus 19.2% for QQQ. Worst drawdown: JPSE -43.2% vs QQQ -35.1%.
Should I hold both JPSE and QQQ?
JPSE and QQQ have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JPSE or QQQ?
JPSE yields 1.33% while QQQ yields 0.44%, so JPSE currently pays the higher dividend yield.
Is QQQ better than JPSE?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. JPSE is less concentrated, with 3.9% 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.