JPSV vs QQQ
JPMorgan Active Small Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JPSV offers more diversification with 110 holdings.
Side-by-Side Comparison
| Metric | JPSV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $28M | $496.3B | |
| Dividend Yield | 1.18% | 0.44% | |
| Holdings | 110 | 108 | |
| YTD Return | +21.22% | +16.23% | |
| 1Y Return | +22.62% | +26.23% | |
| 3Y Return (annualized) | +13.65% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 16.1% | 30.6% | |
| Max Drawdown | -22.8% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 7, 2023 | Mar 10, 1999 |
JPSV vs QQQ Performance
JPMorgan Active Small Cap Value ETF (JPSV) 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 JPSV returned +22.62% while QQQ returned +26.23%. Year to date, JPSV is up 21.22% versus a gain of 16.23% for QQQ.
Over three years, JPSV compounded at +13.65% per year against +25.75% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.02% annualized vs +11.47%. 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 16.1% for JPSV. 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 -22.8% for JPSV 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPSV charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, JPSV currently yields 1.18% against 0.44% for QQQ.
Holdings Overlap
JPSV and QQQ share 0 holdings out of 213 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, JPSV or QQQ?
JPSV has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, JPSV or QQQ?
Over the past year JPSV returned +22.62% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), JPSV annualized +11.47% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, JPSV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.1% for JPSV. Worst drawdown: JPSV -22.8% vs QQQ -83.0%.
Should I hold both JPSV and QQQ?
JPSV and QQQ have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPSV and QQQ?
JPSV and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 213 unique securities.
Which pays a higher dividend, JPSV or QQQ?
JPSV yields 1.18% while QQQ yields 0.44%, so JPSV currently pays the higher dividend yield.
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