PJFM vs QQQ
PGIM Jennison Focused Mid-Cap ETF vs Invesco QQQ Trust, Series 1
Which is better, PJFM or QQQ?
Mid Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. PJFM is less concentrated, with 32.7% of the fund in its ten largest positions against 47.2%.
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 | PJFM | QQQ |
|---|---|---|
| Expense Ratio | 0.49% | 0.18%Best |
| AUM | $19M | $498.6B |
| Dividend Yield | 0.58% | 0.42% |
| Holdings | 105 | 321 |
| YTD Return | +5.66% | +22.67%Best |
| 1Y Return | +9.84% | +24.33%Best |
| 3Y Return (annualized) | - | +29.05% |
| 5Y Return (annualized) | - | +17.00% |
| Volatility (annualized) | 15.2%Best | 16.7% |
| Max Drawdown | -22.8%Tie | -22.8%Tie |
| $10,000 over 2.8 years | $13,089 | $18,649Best |
| Top 10 Weight | 32.7%Best | 47.2% |
| Fund Family | PGIM Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Growth |
| Inception | Dec 14, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 19, 2023 to Oct 2, 2026 (2.8 years).
PJFM 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 2.8 years both funds cover.
PJFM vs QQQ Performance
PGIM Jennison Focused Mid-Cap ETF (PJFM) is an ETF from PGIM Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PJFM returned +9.84% while QQQ returned +24.33%. Year to date, PJFM is up 5.66% versus a gain of 22.67% 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 16.7% compared with 15.2% for PJFM. 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 -22.8% for PJFM 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 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PJFM charges 0.49% per year while QQQ charges 0.18%. On a $10,000 position that is $49 vs $18 annually, a gap of $31 per year that compounds over a long holding period. On income, PJFM currently yields 0.58% against 0.42% for QQQ.
Holdings Overlap
5.5% of PJFM's money is in holdings QQQ also owns. 0.5% of QQQ's money is in holdings PJFM also owns.
PJFM and QQQ share little of their money.
2 positions in common, counted across the 51 positions we hold weights for in PJFM and 102 in QQQ, against full books of 105 and 321.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for PJFM (97.3% of the fund), and 43 for PJFM that do not appear in QQQ (78.7%).
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.
You are not choosing between two funds in isolation.
Whichever of PJFM and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PJFM or QQQ?
PJFM has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, PJFM or QQQ?
Over the past year PJFM returned +9.84% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJFM or QQQ?
QQQ has been the more volatile fund at 16.7% annualized versus 15.2% for PJFM. Worst drawdown: PJFM -22.8% vs QQQ -22.8%.
Should I hold both PJFM and QQQ?
PJFM and QQQ have a monthly-return correlation of 0.62, 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 PJFM and QQQ?
5.5% of PJFM's money is in holdings QQQ also owns. 0.5% of QQQ's is in holdings PJFM also owns. They hold 2 positions in common, counted across the 51 positions we hold weights for in PJFM and 102 in QQQ.
Which pays a higher dividend, PJFM or QQQ?
PJFM yields 0.58% while QQQ yields 0.42%, so PJFM currently pays the higher dividend yield.
Is QQQ better than PJFM?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. PJFM is less concentrated, with 32.7% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.