LCDS vs QQQ
JPMorgan Fundamental Data Science Large Core ETF vs Invesco QQQ Trust, Series 1
Which is better, LCDS or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. LCDS is less concentrated, with 42.8% 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 | LCDS | QQQ |
|---|---|---|
| Expense Ratio | 0.30% | 0.18%Best |
| AUM | $16M | $483.5B |
| Dividend Yield | 0.86% | 0.44% |
| Holdings | 115 | 107 |
| YTD Return | +12.37% | +17.21%Best |
| 1Y Return | +17.59% | +22.10%Best |
| 3Y Return (annualized) | - | +25.27% |
| 5Y Return (annualized) | - | +14.60% |
| Volatility (annualized) | 12.1%Best | 18.2% |
| Max Drawdown | -18.4%Best | -22.8% |
| $10,000 over 2.1 years | $14,601 | $16,139Best |
| Top 10 Weight | 42.8%Best | 46.5% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Aug 7, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Aug 8, 2024 to Sep 17, 2026 (2.1 years).
LCDS 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 2.1 years both funds cover.
LCDS vs QQQ Performance
JPMorgan Fundamental Data Science Large Core ETF (LCDS) 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 LCDS returned +17.59% while QQQ returned +22.10%. Year to date, LCDS is up 12.37% versus a gain of 17.21% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 12.1% for LCDS. 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 -18.4% for LCDS 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LCDS charges 0.30% per year while QQQ charges 0.18%. On a $10,000 position that is $30 vs $18 annually, a gap of $12 per year that compounds over a long holding period. On income, LCDS currently yields 0.86% against 0.44% for QQQ.
Holdings Overlap
52.5% of LCDS's money is in holdings QQQ also owns. 67.0% of QQQ's money is in holdings LCDS also owns.
The two portfolios partly overlap.
34 positions in common, counted across the 113 positions we hold weights for in LCDS and 102 in QQQ, against full books of 115 and 107.
What only one of them owns
Our book lists 63 positions for QQQ that do not appear in our book for LCDS (31.2% of the fund), and 79 for LCDS that do not appear in QQQ (47.5%).
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 LCDS | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.86% | 8.44% | 0.42% |
| AAPLApple, Inc | 7.05% | 7.27% | 0.22% |
| MSFTMicrosoft Corp | 6.49% | 5.76% | 0.73% |
| AMZNAmazon.Com Inc | 4.34% | 4.67% | 0.33% |
| GOOGLAlphabet Inc,class A | 4.85% | 3.36% | 1.49% |
| MUMicron Technology, Inc. | 2.39% | 4.43% | 2.04% |
| AVGOBroadcom Inc | 2.45% | 3.16% | 0.71% |
| METAMeta Platforms Inc | 2.37% | 2.78% | 0.41% |
| AMDAdvanced Micro Devices Inc | 1.31% | 3.45% | 2.14% |
| TSLATesla Inc | 1.30% | 2.56% | 1.26% |
67.0% of QQQ is already inside LCDS.
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, LCDS or QQQ?
LCDS has an expense ratio of 0.30% while QQQ charges 0.18%. QQQ is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, LCDS or QQQ?
Over the past year LCDS returned +17.59% vs +22.10% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), LCDS annualized +19.75% vs +25.60% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LCDS or QQQ?
QQQ has been the more volatile fund at 18.2% annualized versus 12.1% for LCDS. Worst drawdown: LCDS -18.4% vs QQQ -22.8%.
Should I hold both LCDS and QQQ?
LCDS and QQQ have a monthly-return correlation of 0.87, 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 LCDS and QQQ?
67.0% of QQQ's money is in holdings LCDS also owns. 67.0% of QQQ's is in holdings LCDS also owns. They hold 34 positions in common, counted across the 113 positions we hold weights for in LCDS and 102 in QQQ.
Which pays a higher dividend, LCDS or QQQ?
LCDS yields 0.86% while QQQ yields 0.44%, so LCDS currently pays the higher dividend yield.
Is QQQ better than LCDS?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. LCDS is less concentrated, with 42.8% 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.