JPY vs QQQ
Lazard Japanese Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. JPY delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | JPY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.18% | |
| AUM | - | $496.3B | |
| Dividend Yield | 1.38% | 0.44% | |
| Holdings | 64 | 108 | |
| YTD Return | +18.98% | +17.30% | |
| 1Y Return | +25.08% | +24.93% | |
| 3Y Return (annualized) | - | +26.19% | |
| 5Y Return (annualized) | - | +15.34% | |
| Volatility (annualized) | 14.2% | 30.6% | |
| Max Drawdown | -15.1% | -83.0% | |
| Fund Family | Lazard Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 4, 2025 | Mar 10, 1999 |
JPY vs QQQ Performance
Lazard Japanese Equity ETF (JPY) is a ETF from Lazard Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JPY returned +25.08% while QQQ returned +24.93%. Year to date, JPY is up 18.98% versus a gain of 17.30% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.2% for JPY. 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 -15.1% for JPY 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPY charges 0.60% per year while QQQ charges 0.18%. On a $10,000 position that is $60 vs $18 annually, a gap of $42 per year that compounds over a long holding period. On income, JPY currently yields 1.38% against 0.44% for QQQ.
Holdings Overlap
JPY and QQQ share 0 holdings out of 163 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, JPY or QQQ?
JPY has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, JPY or QQQ?
Over the past year JPY returned +25.08% vs +24.93% for QQQ, so JPY leads on 1-year performance. Over the longest common window we track (1 years), JPY annualized +48.36% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, JPY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.2% for JPY. Worst drawdown: JPY -15.1% vs QQQ -83.0%.
Should I hold both JPY and QQQ?
JPY and QQQ have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPY and QQQ?
JPY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 163 unique securities.
Which pays a higher dividend, JPY or QQQ?
JPY yields 1.38% while QQQ yields 0.44%, so JPY currently pays the higher dividend yield.
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