JVAL vs QQQ
JPMorgan US Value Factor ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
JVAL has a lower expense ratio. JVAL delivered stronger 1-year returns. JVAL offers more diversification with 399 holdings.
Side-by-Side Comparison
| Metric | JVAL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.18% | |
| AUM | $905M | $496.3B | |
| Dividend Yield | 1.65% | 0.44% | |
| Holdings | 399 | 108 | |
| YTD Return | +20.64% | +16.23% | |
| 1Y Return | +32.40% | +26.23% | |
| 3Y Return (annualized) | +21.15% | +25.75% | |
| 5Y Return (annualized) | +12.77% | +14.78% | |
| Volatility (annualized) | 18.2% | 30.6% | |
| Max Drawdown | -40.4% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2017 | Mar 10, 1999 |
JVAL vs QQQ Performance
JPMorgan US Value Factor ETF (JVAL) 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 JVAL returned +32.40% while QQQ returned +26.23%. Year to date, JVAL is up 20.64% versus a gain of 16.23% for QQQ.
Over three years, JVAL compounded at +21.15% per year against +25.75% for QQQ; over five years the annualized figures are +12.77% and +14.78% respectively. Across the full 9-year window we track, QQQ has the edge at +13.02% annualized vs +11.94%. 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 18.2% for JVAL. 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 -40.4% for JVAL 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JVAL 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, JVAL currently yields 1.65% against 0.44% for QQQ.
Holdings Overlap
JVAL and QQQ share 36 holdings out of 449 unique holdings combined, representing a 27.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JVAL or QQQ?
JVAL has an expense ratio of 0.12% while QQQ charges 0.18%. JVAL is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, JVAL or QQQ?
Over the past year JVAL returned +32.40% vs +26.23% for QQQ, so JVAL leads on 1-year performance. Over the longest common window we track (9 years), JVAL annualized +11.94% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, JVAL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.2% for JVAL. Worst drawdown: JVAL -40.4% vs QQQ -83.0%.
Should I hold both JVAL and QQQ?
JVAL and QQQ have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JVAL and QQQ?
JVAL and QQQ share 36 common holdings with a 27.6% weight overlap. Combined, they hold 449 unique securities.
Which pays a higher dividend, JVAL or QQQ?
JVAL yields 1.65% while QQQ yields 0.44%, so JVAL currently pays the higher dividend yield.
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