PJIO vs QQQ
PGIM Jennison Focused International Equity 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 | PJIO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.18% | |
| AUM | $32M | $496.3B | |
| Dividend Yield | 0.19% | 0.44% | |
| Holdings | 35 | 108 | |
| YTD Return | +4.47% | +16.64% | |
| 1Y Return | +6.46% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 18.9% | 30.6% | |
| Max Drawdown | -19.4% | -83.0% | |
| Fund Family | PGIM Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 14, 2023 | Mar 10, 1999 |
PJIO vs QQQ Performance
PGIM Jennison Focused International Equity ETF (PJIO) is a ETF from PGIM Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PJIO returned +6.46% while QQQ returned +27.27%. Year to date, PJIO is up 4.47% 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 18.9% for PJIO. 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 -19.4% for PJIO 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PJIO charges 0.54% per year while QQQ charges 0.18%. On a $10,000 position that is $54 vs $18 annually, a gap of $36 per year that compounds over a long holding period. On income, PJIO currently yields 0.19% against 0.44% for QQQ.
Holdings Overlap
PJIO and QQQ share 2 holdings out of 136 unique holdings combined, representing a 0.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PJIO or QQQ?
PJIO has an expense ratio of 0.54% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, PJIO or QQQ?
Over the past year PJIO returned +6.46% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), PJIO annualized +10.27% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, PJIO or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.9% for PJIO. Worst drawdown: PJIO -19.4% vs QQQ -83.0%.
Should I hold both PJIO and QQQ?
PJIO and QQQ have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PJIO and QQQ?
PJIO and QQQ share 2 common holdings with a 0.9% weight overlap. Combined, they hold 136 unique securities.
Which pays a higher dividend, PJIO or QQQ?
PJIO yields 0.19% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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