JTEK vs QQQ
JPMorgan US Tech Leaders ETF vs Invesco QQQ Trust, Series 1
Which is better, JTEK or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. JTEK led over 3Y, QQQ over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. JTEK is less concentrated, with 34.0% 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 | JTEK | QQQ |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $4.4B | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 66 | 107 |
| YTD Return | +11.54% | +17.95%Best |
| 1Y Return | +9.28% | +21.77%Best |
| 3Y Return (annualized) | +25.88%Best | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 26.3% | 17.3%Best |
| Max Drawdown | -30.6% | -22.8%Best |
| $10,000 over 2.9 years | $19,493 | $19,795Best |
| Top 10 Weight | 34.0%Best | 46.5% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Oct 4, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Oct 9, 2023 to Sep 18, 2026 (2.9 years).
JTEK 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 2.9 years both funds cover.
JTEK vs QQQ Performance
JPMorgan US Tech Leaders ETF (JTEK) 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 JTEK returned +9.28% while QQQ returned +21.77%. Year to date, JTEK is up 11.54% versus a gain of 17.95% for QQQ.
Over three years, JTEK compounded at +25.88% per year against +25.63% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JTEK has been the more volatile fund, with annualized monthly volatility of 26.3% compared with 17.3% for QQQ. 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 -22.8% 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 0.95. 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 0.44% for QQQ.
Holdings Overlap
53.5% of JTEK's money is in holdings QQQ also owns. 55.6% of QQQ's money is in holdings JTEK also owns.
The two portfolios partly overlap.
28 positions in common, counted across the 69 positions we hold weights for in JTEK and 102 in QQQ, against full books of 66 and 107.
What only one of them owns
Our book lists 70 positions for QQQ that do not appear in our book for JTEK (43.4% of the fund), and 39 for JTEK that do not appear in QQQ (44.9%).
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 JTEK | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.84% | 8.44% | 4.60% |
| MSFTMicrosoft Corp | 3.28% | 5.76% | 2.48% |
| AVGOBroadcom Inc | 3.67% | 3.16% | 0.51% |
| AMDAdvanced Micro Devices Inc | 2.52% | 3.45% | 0.93% |
| GOOGAlphabet Inc | 2.82% | 3.13% | 0.31% |
| AMZNAmazon.Com Inc | 1.04% | 4.67% | 3.63% |
| PANWPalo Alto Networks, Inc | 4.25% | 1.30% | 2.95% |
| TSLATesla Inc | 2.97% | 2.56% | 0.41% |
| MUMicron Technology, Inc. | 0.82% | 4.43% | 3.61% |
| INTCIntel Corporation | 2.59% | 2.23% | 0.36% |
55.6% of QQQ is already inside JTEK.
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, JTEK or QQQ?
JTEK has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, JTEK or QQQ?
Over the past year JTEK returned +9.28% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JTEK or QQQ?
JTEK has been the more volatile fund at 26.3% annualized versus 17.3% for QQQ. Worst drawdown: JTEK -30.6% vs QQQ -22.8%.
Should I hold both JTEK and QQQ?
JTEK and QQQ have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between JTEK and QQQ?
55.6% of QQQ's money is in holdings JTEK also owns. 55.6% of QQQ's is in holdings JTEK also owns. They hold 28 positions in common, counted across the 69 positions we hold weights for in JTEK and 102 in QQQ.
Which pays a higher dividend, JTEK or QQQ?
JTEK yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than JTEK?
QQQ has a lower expense ratio. JTEK led over 3Y, QQQ over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. JTEK is less concentrated, with 34.0% 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.