PJFG vs QQQ
PGIM Jennison Focused Growth ETF 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 108 holdings.
Side-by-Side Comparison
| Metric | PJFG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.18% | |
| AUM | $143M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 35 | 108 | |
| YTD Return | +5.80% | +16.64% | |
| 1Y Return | +12.65% | +27.27% | |
| 3Y Return (annualized) | +22.67% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 18.5% | 30.6% | |
| Max Drawdown | -24.2% | -83.0% | |
| Fund Family | PGIM Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 12, 2022 | Mar 10, 1999 |
PJFG vs QQQ Performance
PGIM Jennison Focused Growth ETF (PJFG) is a ETF from PGIM Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PJFG returned +12.65% while QQQ returned +27.27%. Year to date, PJFG is up 5.80% versus a gain of 16.64% for QQQ.
Over three years, PJFG compounded at +22.67% per year against +25.96% for QQQ. Across the full 4-year window we track, PJFG has the edge at +25.81% annualized vs +13.03%. 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 18.5% for PJFG. 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 -24.2% for PJFG 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PJFG charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, PJFG currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
PJFG and QQQ share 24 holdings out of 115 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, PJFG or QQQ?
PJFG has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, PJFG or QQQ?
Over the past year PJFG returned +12.65% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), PJFG annualized +25.81% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, PJFG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.5% for PJFG. Worst drawdown: PJFG -24.2% vs QQQ -83.0%.
Should I hold both PJFG and QQQ?
PJFG and QQQ have a monthly-return correlation of 0.94, 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 PJFG and QQQ?
PJFG and QQQ share 24 common holdings with a 52.0% weight overlap. Combined, they hold 115 unique securities.
Which pays a higher dividend, PJFG or QQQ?
PJFG yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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