JUSA vs QQQ
JPMorgan US Research Enhanced Large Cap ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
JUSA has a lower expense ratio. QQQ delivered stronger 1-year returns. JUSA offers more diversification with 247 holdings.
Side-by-Side Comparison
| Metric | JUSA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.18% | |
| AUM | $728M | $496.3B | |
| Dividend Yield | 0.57% | 0.44% | |
| Holdings | 247 | 108 | |
| YTD Return | +12.06% | +16.64% | |
| 1Y Return | +20.89% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 11.9% | 30.6% | |
| Max Drawdown | -14.0% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 13, 2025 | Mar 10, 1999 |
JUSA vs QQQ Performance
JPMorgan US Research Enhanced Large Cap ETF (JUSA) 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 JUSA returned +20.89% while QQQ returned +27.27%. Year to date, JUSA is up 12.06% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.9% for JUSA. 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 -14.0% for JUSA 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JUSA 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, JUSA currently yields 0.57% against 0.44% for QQQ.
Holdings Overlap
JUSA and QQQ share 55 holdings out of 292 unique holdings combined, representing a 52.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, JUSA or QQQ?
JUSA has an expense ratio of 0.12% while QQQ charges 0.18%. JUSA is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, JUSA or QQQ?
Over the past year JUSA returned +20.89% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), JUSA annualized +24.31% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JUSA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.9% for JUSA. Worst drawdown: JUSA -14.0% vs QQQ -83.0%.
Should I hold both JUSA and QQQ?
JUSA and QQQ have a monthly-return correlation of 0.90, 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 JUSA and QQQ?
JUSA and QQQ share 55 common holdings with a 52.0% weight overlap. Combined, they hold 292 unique securities.
Which pays a higher dividend, JUSA or QQQ?
JUSA yields 0.57% while QQQ yields 0.44%, so JUSA currently pays the higher dividend yield.
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