JVAL vs QQQ
JPMorgan US Value Factor ETF vs Invesco QQQ Trust, Series 1
Which is better, JVAL or QQQ?
Large Cap Value against Large Cap Growth.
JVAL has a lower expense ratio. JVAL led over 1Y, QQQ over 3Y, 5Y and the full window. JVAL is less concentrated, with 17.3% 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 | JVAL | QQQ |
|---|---|---|
| Expense Ratio | 0.12%Best | 0.18% |
| AUM | $952M | $483.5B |
| Dividend Yield | 1.60% | 0.44% |
| Holdings | 399 | 107 |
| YTD Return | +20.84%Best | +16.87% |
| 1Y Return | +26.95%Best | +22.98% |
| 3Y Return (annualized) | +21.04% | +24.98%Best |
| 5Y Return (annualized) | +12.74% | +14.39%Best |
| Volatility (annualized) | 18.2%Best | 20.0% |
| Max Drawdown | -40.4% | -35.1%Best |
| $10,000 over 5 years | $18,213 | $19,586Best |
| Top 10 Weight | 17.3%Best | 46.5% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Nov 8, 2017 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2017 to Sep 11, 2026 (8.8 years).
JVAL 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 8.8 years both funds cover.
JVAL vs QQQ Performance
JPMorgan US Value Factor ETF (JVAL) 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 JVAL returned +26.95% while QQQ returned +22.98%. Year to date, JVAL is up 20.84% versus a gain of 16.87% for QQQ.
Over three years, JVAL compounded at +21.04% per year against +24.98% for QQQ; over five years the annualized figures are +12.74% and +14.39% respectively. Across the full 9-year window we track, QQQ has the edge at +19.43% annualized vs +11.87%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.0% 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 -35.1% 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 0.79. 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 1.60% against 0.44% for QQQ.
Holdings Overlap
27.6% of JVAL's money is in holdings QQQ also owns. 58.6% of QQQ's money is in holdings JVAL also owns.
The two portfolios partly overlap.
37 positions in common, counted across the 390 positions we hold weights for in JVAL and 102 in QQQ, against full books of 399 and 107.
What only one of them owns
Our book lists 58 positions for QQQ that do not appear in our book for JVAL (38.4% of the fund), and 341 for JVAL that do not appear in QQQ (70.0%).
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 JVAL | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 1.85% | 8.44% | 6.59% |
| AAPLApple, Inc | 2.06% | 7.27% | 5.21% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 2.23% | 5.76% | 3.53% |
| MUMicron Technology, Inc. | 1.92% | 4.43% | 2.51% |
| GOOGLAlphabet A Usd 0.001 | 1.85% | 3.36% | 1.51% |
| AVGOBroadcom Inc | 1.77% | 3.16% | 1.39% |
| METAMeta Platforms, Inc. | 1.74% | 2.78% | 1.04% |
| AMDAdvanced Micro Devices Inc. | 0.59% | 3.45% | 2.86% |
| INTCIntel Corp. | 1.16% | 2.23% | 1.07% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.83% | 2.10% | 1.27% |
58.6% of QQQ is already inside JVAL.
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, JVAL or QQQ?
JVAL has an expense ratio of 0.12% while QQQ charges 0.18%. JVAL is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, JVAL or QQQ?
Over the past year JVAL returned +26.95% vs +22.98% for QQQ, so JVAL leads on 1-year performance. Over the longest common window we track (9 years), JVAL annualized +11.87% vs +19.43% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JVAL or QQQ?
QQQ has been the more volatile fund at 20.0% annualized versus 18.2% for JVAL. Worst drawdown: JVAL -40.4% vs QQQ -35.1%.
Should I hold both JVAL and QQQ?
JVAL and QQQ have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JVAL and QQQ?
58.6% of QQQ's money is in holdings JVAL also owns. 58.6% of QQQ's is in holdings JVAL also owns. They hold 37 positions in common, counted across the 390 positions we hold weights for in JVAL and 102 in QQQ.
Which pays a higher dividend, JVAL or QQQ?
JVAL yields 1.60% while QQQ yields 0.44%, so JVAL currently pays the higher dividend yield.
Is QQQ better than JVAL?
JVAL has a lower expense ratio. JVAL led over 1Y, QQQ over 3Y, 5Y and the full window. JVAL is less concentrated, with 17.3% 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.