JULP vs QQQ
JULP vs QQQ
PGIM S&P 500 Buffer 12 ETF - July 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 | JULP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $33M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 7 | 108 | |
| YTD Return | +8.06% | +18.20% | |
| 1Y Return | +14.16% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 6.9% | 30.6% | |
| Max Drawdown | -12.4% | -83.0% | |
| Fund Family | PGIM Investments | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | May 8, 2024 | Mar 10, 1999 |
JULP vs QQQ Performance
PGIM S&P 500 Buffer 12 ETF - July (JULP) is a ETF from PGIM Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JULP returned +14.16% while QQQ returned +27.63%. Year to date, JULP is up 8.06% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 6.9% for JULP. 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 -12.4% for JULP 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JULP charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, JULP currently yields 0.00% against 0.41% for QQQ.
Frequently Asked Questions
Which is cheaper, JULP or QQQ?
JULP has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, JULP or QQQ?
Over the past year JULP returned +14.16% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), JULP annualized +13.66% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, JULP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 6.9% for JULP. Worst drawdown: JULP -12.4% vs QQQ -83.0%.
Should I hold both JULP and QQQ?
JULP and QQQ have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, JULP or QQQ?
JULP yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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