JTEK vs QQQ
JPMorgan US Tech Leaders ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | JTEK | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $4.0B | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 63 | 108 | |
| YTD Return | +13.78% | +18.31% | |
| 1Y Return | +20.70% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 26.8% | 30.6% | |
| Max Drawdown | -30.6% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 4, 2023 | Mar 10, 1999 |
JTEK vs QQQ Performance
JPMorgan US Tech Leaders ETF (JTEK) 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 JTEK returned +20.70% while QQQ returned +25.37%. Year to date, JTEK is up 13.78% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 26.8% for JTEK. 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 -30.6% for JTEK 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JTEK charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, JTEK currently yields 0.00% against 0.41% for QQQ.
Holdings Overlap
JTEK and QQQ share 22 holdings out of 143 unique holdings combined, representing a 33.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JTEK or QQQ?
JTEK has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, JTEK or QQQ?
Over the past year JTEK returned +20.70% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), JTEK annualized +27.81% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, JTEK or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 26.8% for JTEK. Worst drawdown: JTEK -30.6% vs QQQ -83.0%.
Should I hold both JTEK and QQQ?
JTEK and QQQ have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JTEK and QQQ?
JTEK and QQQ share 22 common holdings with a 33.2% weight overlap. Combined, they hold 143 unique securities.
Which pays a higher dividend, JTEK or QQQ?
JTEK yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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