JPUS vs QQQ
JPMorgan Diversified Return US Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, JPUS or QQQ?
Large Cap Value against Large Cap Growth.
QQQ led over 1Y, 3Y, 5Y and the full window. JPUS is less concentrated, with 4.6% 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 | JPUS | QQQ |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $470M | $486.1B |
| Dividend Yield | 1.97% | 0.44% |
| Holdings | 375 | 107 |
| YTD Return | +15.99% | +17.54%Best |
| 1Y Return | +18.95% | +25.59%Best |
| 3Y Return (annualized) | +16.31% | +24.63%Best |
| 5Y Return (annualized) | +9.87% | +14.18%Best |
| Volatility (annualized) | 15.1%Best | 18.9% |
| Max Drawdown | -38.7% | -35.1%Best |
| $10,000 over 5 years | $16,010 | $19,407Best |
| Top 10 Weight | 4.6%Best | 46.5% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Sep 29, 2015 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2015 to Sep 4, 2026 (10.9 years).
JPUS 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 10.9 years both funds cover.
JPUS vs QQQ Performance
JPMorgan Diversified Return US Equity ETF (JPUS) 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 JPUS returned +18.95% while QQQ returned +25.59%. Year to date, JPUS is up 15.99% versus a gain of 17.54% for QQQ.
Over three years, JPUS compounded at +16.31% per year against +24.63% for QQQ; over five years the annualized figures are +9.87% and +14.18% respectively. Across the full 11-year window we track, QQQ has the edge at +19.94% annualized vs +11.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 15.1% for JPUS. 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 -38.7% for JPUS 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JPUS charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, JPUS currently yields 1.97% against 0.44% for QQQ.
Holdings Overlap
10.1% of JPUS's money is in holdings QQQ also owns. 41.5% of QQQ's money is in holdings JPUS also owns.
The two portfolios partly overlap.
34 positions in common, counted across the 369 positions we hold weights for in JPUS and 102 in QQQ, against full books of 375 and 107.
What only one of them owns
Our book lists 62 positions for QQQ that do not appear in our book for JPUS (56.1% of the fund), and 318 for JPUS that do not appear in QQQ (86.7%).
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 JPUS | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 0.42% | 8.44% | 8.02% |
| AAPLApple, Inc | 0.42% | 7.27% | 6.85% |
| AVGOBroadcom Inc | 0.44% | 3.16% | 2.72% |
| GOOGLAlphabet Inc.Class A | 0.21% | 3.36% | 3.15% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.39% | 2.10% | 1.71% |
| AMATApplied Materials, Inc. | 0.36% | 1.86% | 1.50% |
| LRCXLam Research Corp 3.125 06/15/2060 | 0.32% | 1.69% | 1.37% |
| KLACKla Corp | 0.29% | 1.11% | 0.82% |
| AMGNAmgen Inc. | 0.41% | 0.97% | 0.56% |
| LINLinde Plc Ordinary Shares | 0.28% | 1.00% | 0.72% |
41.5% of QQQ is already inside JPUS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JPUS or QQQ?
JPUS has an expense ratio of 0.18% while QQQ charges 0.18%. At the precision these are quoted to, they cost the same.
Which performed better, JPUS or QQQ?
Over the past year JPUS returned +18.95% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), JPUS annualized +11.21% vs +19.94% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPUS or QQQ?
QQQ has been the more volatile fund at 18.9% annualized versus 15.1% for JPUS. Worst drawdown: JPUS -38.7% vs QQQ -35.1%.
Should I hold both JPUS and QQQ?
JPUS and QQQ have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JPUS and QQQ?
41.5% of QQQ's money is in holdings JPUS also owns. 41.5% of QQQ's is in holdings JPUS also owns. They hold 34 positions in common, counted across the 369 positions we hold weights for in JPUS and 102 in QQQ.
Which pays a higher dividend, JPUS or QQQ?
JPUS yields 1.97% while QQQ yields 0.44%, so JPUS currently pays the higher dividend yield.
Is QQQ better than JPUS?
QQQ led over 1Y, 3Y, 5Y and the full window. JPUS is less concentrated, with 4.6% 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.