JQUA vs QQQ
JPMorgan US Quality Factor ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
JQUA has a lower expense ratio. QQQ delivered stronger 1-year returns. JQUA offers more diversification with 295 holdings.
Side-by-Side Comparison
| Metric | JQUA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.18% | |
| AUM | $8.7B | $496.3B | |
| Dividend Yield | 1.08% | 0.44% | |
| Holdings | 295 | 108 | |
| YTD Return | +19.11% | +16.64% | |
| 1Y Return | +23.94% | +27.27% | |
| 3Y Return (annualized) | +20.79% | +25.96% | |
| 5Y Return (annualized) | +13.29% | +14.54% | |
| Volatility (annualized) | 15.4% | 30.6% | |
| Max Drawdown | -32.9% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2017 | Mar 10, 1999 |
JQUA vs QQQ Performance
JPMorgan US Quality Factor ETF (JQUA) 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 JQUA returned +23.94% while QQQ returned +27.27%. Year to date, JQUA is up 19.11% versus a gain of 16.64% for QQQ.
Over three years, JQUA compounded at +20.79% per year against +25.96% for QQQ; over five years the annualized figures are +13.29% and +14.54% respectively. Across the full 9-year window we track, JQUA has the edge at +14.29% annualized vs +13.03%. 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 15.4% 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 -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 0.87. 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 1.08% against 0.44% for QQQ.
Holdings Overlap
JQUA and QQQ share 55 holdings out of 354 unique holdings combined, representing a 37.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $6 per year of difference.
Which performed better, JQUA or QQQ?
Over the past year JQUA returned +23.94% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), JQUA annualized +14.29% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JQUA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.4% for JQUA. Worst drawdown: JQUA -32.9% vs QQQ -83.0%.
Should I hold both JQUA and QQQ?
JQUA and QQQ have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JQUA and QQQ?
JQUA and QQQ share 55 common holdings with a 37.7% weight overlap. Combined, they hold 354 unique securities.
Which pays a higher dividend, JQUA or QQQ?
JQUA yields 1.08% while QQQ yields 0.44%, so JQUA currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.