PJFM vs QQQ
PGIM Jennison Focused Mid-Cap 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 | PJFM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.18% | |
| AUM | $21M | $496.3B | |
| Dividend Yield | 0.58% | 0.44% | |
| Holdings | 45 | 108 | |
| YTD Return | +7.83% | +16.64% | |
| 1Y Return | +13.85% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 15.5% | 30.6% | |
| Max Drawdown | -22.8% | -83.0% | |
| Fund Family | PGIM Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 14, 2023 | Mar 10, 1999 |
PJFM vs QQQ Performance
PGIM Jennison Focused Mid-Cap ETF (PJFM) is a ETF from PGIM Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PJFM returned +13.85% while QQQ returned +27.27%. Year to date, PJFM is up 7.83% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.5% 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 -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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
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 0.44% for QQQ.
Holdings Overlap
PJFM and QQQ share 3 holdings out of 146 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $31 per year of difference.
Which performed better, PJFM or QQQ?
Over the past year PJFM returned +13.85% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), PJFM annualized +11.39% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, PJFM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.5% for PJFM. Worst drawdown: PJFM -22.8% vs QQQ -83.0%.
Should I hold both PJFM and QQQ?
PJFM and QQQ have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PJFM and QQQ?
PJFM and QQQ share 3 common holdings with a 0.8% weight overlap. Combined, they hold 146 unique securities.
Which pays a higher dividend, PJFM or QQQ?
PJFM yields 0.58% while QQQ yields 0.44%, so PJFM currently pays the higher dividend yield.
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