JQUA vs QQQ
JPMorgan US Quality Factor ETF vs Invesco QQQ Trust, Series 1
Which is better, JQUA or QQQ?
Large Cap Blend against Large Cap Growth.
JQUA has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. JQUA is less concentrated, with 18.6% 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 | JQUA | QQQ |
|---|---|---|
| Expense Ratio | 0.12%Best | 0.18% |
| AUM | $8.7B | $483.5B |
| Dividend Yield | 1.04% | 0.44% |
| Holdings | 313 | 107 |
| YTD Return | +17.60% | +17.95%Best |
| 1Y Return | +18.84% | +21.77%Best |
| 3Y Return (annualized) | +19.80% | +25.63%Best |
| 5Y Return (annualized) | +13.58% | +15.24%Best |
| Volatility (annualized) | 15.3%Best | 20.0% |
| Max Drawdown | -32.9%Best | -35.1% |
| $10,000 over 5 years | $18,902 | $20,324Best |
| Top 10 Weight | 18.6%Best | 46.5% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Nov 8, 2017 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2017 to Sep 18, 2026 (8.9 years).
JQUA 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 8.9 years both funds cover.
JQUA vs QQQ Performance
JPMorgan US Quality Factor ETF (JQUA) 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 JQUA returned +18.84% while QQQ returned +21.77%. Year to date, JQUA is up 17.60% versus a gain of 17.95% for QQQ.
Over three years, JQUA compounded at +19.80% per year against +25.63% for QQQ; over five years the annualized figures are +13.58% and +15.24% respectively. Across the full 9-year window we track, QQQ has the edge at +19.51% annualized vs +14.00%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 15.3% for JQUA. 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 -32.9% for JQUA 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JQUA charges 0.12% per year while QQQ charges 0.18%. On a $10,000 position that is $12 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, JQUA currently yields 1.04% against 0.44% for QQQ.
Holdings Overlap
37.4% of JQUA's money is in holdings QQQ also owns. 72.3% of QQQ's money is in holdings JQUA also owns.
Most of QQQ is already inside JQUA. Owning both mostly buys the same companies twice.
55 positions in common, counted across the 303 positions we hold weights for in JQUA and 102 in QQQ, against full books of 313 and 107.
What only one of them owns
Our book lists 41 positions for QQQ that do not appear in our book for JQUA (25.3% of the fund), and 235 for JQUA that do not appear in QQQ (60.0%).
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 JQUA | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.05% | 8.44% | 6.39% |
| AAPLApple, Inc | 2.07% | 7.27% | 5.20% |
| MSFTMicrosoft Corp | 2.12% | 5.76% | 3.64% |
| MUMicron Technology, Inc. | 1.86% | 4.43% | 2.57% |
| AMDAdvanced Micro Devices Inc | 1.75% | 3.45% | 1.70% |
| GOOGLAlphabet Inc,class A | 1.80% | 3.36% | 1.56% |
| AVGOBroadcom Inc | 1.84% | 3.16% | 1.32% |
| METAMeta Platforms Inc | 1.66% | 2.78% | 1.12% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.24% | 2.10% | 0.86% |
| COSTCostco Wholesale Corp. | 1.16% | 1.84% | 0.68% |
72.3% of QQQ is already inside JQUA.
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, JQUA or QQQ?
JQUA has an expense ratio of 0.12% while QQQ charges 0.18%. JQUA is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, JQUA or QQQ?
Over the past year JQUA returned +18.84% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), JQUA annualized +14.00% vs +19.51% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JQUA or QQQ?
QQQ has been the more volatile fund at 20.0% annualized versus 15.3% for JQUA. Worst drawdown: JQUA -32.9% vs QQQ -35.1%.
Should I hold both JQUA and QQQ?
JQUA and QQQ have a monthly-return correlation of 0.87, 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 JQUA and QQQ?
72.3% of QQQ's money is in holdings JQUA also owns. 72.3% of QQQ's is in holdings JQUA also owns. They hold 55 positions in common, counted across the 303 positions we hold weights for in JQUA and 102 in QQQ.
Which pays a higher dividend, JQUA or QQQ?
JQUA yields 1.04% while QQQ yields 0.44%, so JQUA currently pays the higher dividend yield.
Is QQQ better than JQUA?
JQUA has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. JQUA is less concentrated, with 18.6% 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.