PJFG vs QQQ
PGIM Jennison Focused Growth ETF vs Invesco QQQ Trust, Series 1
Which is better, PJFG or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 61.0%.
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 | PJFG | QQQ |
|---|---|---|
| Expense Ratio | 0.75% | 0.18%Best |
| AUM | $144M | $498.6B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 78 | 321 |
| YTD Return | +11.37% | +22.09%Best |
| 1Y Return | +11.41% | +24.51%Best |
| 3Y Return (annualized) | +24.47% | +27.61%Best |
| 5Y Return (annualized) | - | +16.57% |
| Volatility (annualized) | 18.1% | 17.3%Best |
| Max Drawdown | -24.2% | -22.8%Best |
| $10,000 over 3.8 years | $24,372 | $26,473Best |
| Top 10 Weight | 61.0% | 47.2%Best |
| Fund Family | PGIM Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Dec 12, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 14, 2022 to Oct 12, 2026 (3.8 years).
PJFG 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 3.8 years both funds cover.
PJFG vs QQQ Performance
PGIM Jennison Focused Growth ETF (PJFG) is an ETF from PGIM Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PJFG returned +11.41% while QQQ returned +24.51%. Year to date, PJFG is up 11.37% versus a gain of 22.09% for QQQ.
Over three years, PJFG compounded at +24.47% per year against +27.61% for QQQ. Across the full 4-year window we track, QQQ has the edge at +29.20% annualized vs +26.42%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJFG has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 17.3% for QQQ. 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 -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 0.94. 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 0.42% for QQQ.
Holdings Overlap
74.5% of PJFG's money is in holdings QQQ also owns. 58.3% of QQQ's money is in holdings PJFG also owns.
Most of PJFG is already inside QQQ. Owning both mostly buys the same companies twice.
24 positions in common, counted across the 37 positions we hold weights for in PJFG and 102 in QQQ, against full books of 78 and 321.
What only one of them owns
Our book lists 73 positions for QQQ that do not appear in our book for PJFG (40.2% of the fund), and 11 for PJFG that do not appear in QQQ (22.1%).
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 PJFG | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 11.88% | 8.45% | 3.43% |
| AAPLApple, Inc | 7.64% | 7.80% | 0.16% |
| GOOGLAlphabet Inc,class A | 9.31% | 3.15% | 6.16% |
| MSFTMicrosoft Corp | 5.93% | 5.88% | 0.05% |
| AMZNAmazon.Com Inc | 5.80% | 4.41% | 1.39% |
| AVGOBroadcom Inc | 4.89% | 2.74% | 2.15% |
| AMDAdvanced Micro Devices Inc | 3.84% | 3.71% | 0.13% |
| METAMeta Platforms Inc | 3.56% | 3.07% | 0.49% |
| TSLATesla Inc | 2.64% | 2.92% | 0.28% |
| NFLXNetflix, Inc. | 1.85% | 1.44% | 0.41% |
74.5% of PJFG is already inside QQQ.
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, PJFG or QQQ?
PJFG has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, PJFG or QQQ?
Over the past year PJFG returned +11.41% vs +24.51% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), PJFG annualized +26.42% vs +29.20% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJFG or QQQ?
PJFG has been the more volatile fund at 18.1% annualized versus 17.3% for QQQ. Worst drawdown: PJFG -24.2% vs QQQ -22.8%.
Should I hold both PJFG and QQQ?
PJFG and QQQ have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between PJFG and QQQ?
74.5% of PJFG's money is in holdings QQQ also owns. 58.3% of QQQ's is in holdings PJFG also owns. They hold 24 positions in common, counted across the 37 positions we hold weights for in PJFG and 102 in QQQ.
Which pays a higher dividend, PJFG or QQQ?
PJFG yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than PJFG?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 61.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.