JPSV vs QQQ
JPMorgan Active Small Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, JPSV or QQQ?
Small Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. JPSV is less concentrated, with 17.2% 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 | JPSV | QQQ |
|---|---|---|
| Expense Ratio | 0.55% | 0.18%Best |
| AUM | $27M | $483.5B |
| Dividend Yield | 1.19% | 0.44% |
| Holdings | 112 | 107 |
| YTD Return | +17.66%Best | +15.86% |
| 1Y Return | +16.23% | +22.63%Best |
| 3Y Return (annualized) | +12.81% | +24.15%Best |
| 5Y Return (annualized) | - | +14.16% |
| Volatility (annualized) | 16.0%Best | 17.1% |
| Max Drawdown | -22.8%Tie | -22.8%Tie |
| $10,000 over 3.5 years | $14,107 | $24,223Best |
| Top 10 Weight | 17.2%Best | 46.5% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Growth |
| Inception | Mar 7, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Mar 8, 2023 to Sep 10, 2026 (3.5 years).
JPSV 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 3.5 years both funds cover.
JPSV vs QQQ Performance
JPMorgan Active Small Cap Value ETF (JPSV) 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 JPSV returned +16.23% while QQQ returned +22.63%. Year to date, JPSV is up 17.66% versus a gain of 15.86% for QQQ.
Over three years, JPSV compounded at +12.81% per year against +24.15% for QQQ. Across the full 4-year window we track, QQQ has the edge at +28.76% annualized vs +10.33%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 16.0% 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 -22.8% 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 0.43. They move together some of the time, and apart the rest.
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 1.19% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 110 holdings in JPSV and 102 in QQQ, totalling 99.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 110 positions we hold weights for in JPSV and 102 in QQQ, against full books of 112 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for JPSV (97.0% of the fund), and 108 for JPSV that do not appear in QQQ (97.9%).
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.
You are not choosing between two funds in isolation.
Whichever of JPSV 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, JPSV or QQQ?
JPSV has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, JPSV or QQQ?
Over the past year JPSV returned +16.23% vs +22.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), JPSV annualized +10.33% vs +28.76% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPSV or QQQ?
QQQ has been the more volatile fund at 17.1% annualized versus 16.0% for JPSV. Worst drawdown: JPSV -22.8% vs QQQ -22.8%.
Should I hold both JPSV and QQQ?
JPSV and QQQ have a monthly-return correlation of 0.43, 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, JPSV or QQQ?
JPSV yields 1.19% while QQQ yields 0.44%, so JPSV currently pays the higher dividend yield.
Is QQQ better than JPSV?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. JPSV is less concentrated, with 17.2% 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.