PJFV vs QQQ
PGIM Jennison Focused Value ETF vs Invesco QQQ Trust, Series 1
Which is better, PJFV or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. PJFV led over 1Y, QQQ over 3Y and the full window. PJFV is less concentrated, with 41.3% 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 | PJFV | QQQ |
|---|---|---|
| Expense Ratio | 0.33% | 0.18%Best |
| AUM | $147M | $483.5B |
| Dividend Yield | 0.57% | 0.44% |
| Holdings | 39 | 107 |
| YTD Return | +19.64%Best | +17.95% |
| 1Y Return | +27.80%Best | +21.77% |
| 3Y Return (annualized) | +23.88% | +25.63%Best |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 11.8%Best | 17.5% |
| Max Drawdown | -18.1%Best | -22.8% |
| $10,000 over 3.8 years | $20,790 | $26,009Best |
| Top 10 Weight | 41.3%Best | 46.5% |
| Fund Family | PGIM Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | 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 Sep 18, 2026 (3.8 years).
PJFV 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.
PJFV vs QQQ Performance
PGIM Jennison Focused Value ETF (PJFV) is an ETF from PGIM Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PJFV returned +27.80% while QQQ returned +21.77%. Year to date, PJFV is up 19.64% versus a gain of 17.95% for QQQ.
Over three years, PJFV compounded at +23.88% per year against +25.63% for QQQ. Across the full 4-year window we track, QQQ has the edge at +28.60% annualized vs +21.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 11.8% for PJFV. 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 -18.1% for PJFV 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 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PJFV charges 0.33% per year while QQQ charges 0.18%. On a $10,000 position that is $33 vs $18 annually, a gap of $15 per year that compounds over a long holding period. On income, PJFV currently yields 0.57% against 0.44% for QQQ.
Holdings Overlap
32.1% of PJFV's money is in holdings QQQ also owns. 37.1% of QQQ's money is in holdings PJFV also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 35 positions we hold weights for in PJFV and 102 in QQQ, against full books of 39 and 107.
What only one of them owns
Our book lists 86 positions for QQQ that do not appear in our book for PJFV (60.4% of the fund), and 21 for PJFV that do not appear in QQQ (56.5%).
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 PJFV | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.42% | 7.27% | 1.85% |
| MSFTMicrosoft Corp | 6.22% | 5.76% | 0.46% |
| AMZNAmazon.Com Inc | 4.86% | 4.67% | 0.19% |
| GOOGLAlphabet Inc,class A | 3.01% | 3.36% | 0.35% |
| WMTWalmart, Inc. | 3.46% | 2.41% | 1.05% |
| MUMicron Technology, Inc. | 1.33% | 4.43% | 3.10% |
| AMDAdvanced Micro Devices Inc | 2.21% | 3.45% | 1.24% |
| METAMeta Platforms Inc | 1.88% | 2.78% | 0.90% |
| AMATApplied Materials, Inc. | 1.72% | 1.86% | 0.14% |
| TXNTexas Instrument Inc | 1.96% | 1.12% | 0.84% |
37.1% of QQQ is already inside PJFV.
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, PJFV or QQQ?
PJFV has an expense ratio of 0.33% while QQQ charges 0.18%. QQQ is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, PJFV or QQQ?
Over the past year PJFV returned +27.80% vs +21.77% for QQQ, so PJFV leads on 1-year performance. Over the longest common window we track (4 years), PJFV annualized +21.24% vs +28.60% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJFV or QQQ?
QQQ has been the more volatile fund at 17.5% annualized versus 11.8% for PJFV. Worst drawdown: PJFV -18.1% vs QQQ -22.8%.
Should I hold both PJFV and QQQ?
PJFV and QQQ have a monthly-return correlation of 0.65, 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 PJFV and QQQ?
37.1% of QQQ's money is in holdings PJFV also owns. 37.1% of QQQ's is in holdings PJFV also owns. They hold 10 positions in common, counted across the 35 positions we hold weights for in PJFV and 102 in QQQ.
Which pays a higher dividend, PJFV or QQQ?
PJFV yields 0.57% while QQQ yields 0.44%, so PJFV currently pays the higher dividend yield.
Is QQQ better than PJFV?
QQQ has a lower expense ratio. PJFV led over 1Y, QQQ over 3Y and the full window. PJFV is less concentrated, with 41.3% 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.