PJP vs QQQ
Invesco Pharmaceuticals ETF vs Invesco QQQ Trust, Series 1
Which is better, PJP or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. PJP led over 1Y, QQQ over 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 48.8%.
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 | PJP | QQQ |
|---|---|---|
| Expense Ratio | 0.57% | 0.18%Best |
| AUM | $529M | $486.1B |
| Dividend Yield | 0.87% | 0.44% |
| Holdings | 32 | 107 |
| YTD Return | +24.41%Best | +17.54% |
| 1Y Return | +41.39%Best | +25.59% |
| 3Y Return (annualized) | +20.08% | +24.63%Best |
| 5Y Return (annualized) | +10.85% | +14.18%Best |
| Volatility (annualized) | 15.7%Best | 18.4% |
| Max Drawdown | -42.4%Best | -53.5% |
| $10,000 over 5 years | $16,737 | $19,407Best |
| Top 10 Weight | 48.8% | 46.5%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Jun 23, 2005 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jun 23, 2005 to Sep 4, 2026 (21.2 years).
PJP 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 21.2 years both funds cover.
PJP vs QQQ Performance
Invesco Pharmaceuticals ETF (PJP) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PJP returned +41.39% while QQQ returned +25.59%. Year to date, PJP is up 24.41% versus a gain of 17.54% for QQQ.
Over three years, PJP compounded at +20.08% per year against +24.63% for QQQ; over five years the annualized figures are +10.85% and +14.18% respectively. Across the full 21-year window we track, QQQ has the edge at +15.14% annualized vs +11.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 15.7% for PJP. 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 -42.4% for PJP and -53.5% 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 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PJP charges 0.57% per year while QQQ charges 0.18%. On a $10,000 position that is $57 vs $18 annually, a gap of $39 per year that compounds over a long holding period. On income, PJP currently yields 0.87% against 0.44% for QQQ.
Holdings Overlap
13.1% of PJP's money is in holdings QQQ also owns. 2.0% of QQQ's money is in holdings PJP also owns.
PJP and QQQ share little of their money.
3 positions in common, counted across the 30 positions we hold weights for in PJP and 102 in QQQ, against full books of 32 and 107.
What only one of them owns
Measured across the 30 and 102 positions we hold weights for.
QQQ holds 93 positions PJP does not, 95.5% of the fund.
Largest: NVDA 8.44%, AAPL 7.27%, MSFT 5.76%, AMZN 4.67%, MU 4.43%
You are not choosing between two funds in isolation.
Whichever of PJP 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, PJP or QQQ?
PJP has an expense ratio of 0.57% while QQQ charges 0.18%. QQQ is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, PJP or QQQ?
Over the past year PJP returned +41.39% vs +25.59% for QQQ, so PJP leads on 1-year performance. Over the longest common window we track (21 years), PJP annualized +11.02% vs +15.14% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJP or QQQ?
QQQ has been the more volatile fund at 18.4% annualized versus 15.7% for PJP. Worst drawdown: PJP -42.4% vs QQQ -53.5%.
Should I hold both PJP and QQQ?
PJP and QQQ have a monthly-return correlation of 0.56, 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 PJP and QQQ?
13.1% of PJP's money is in holdings QQQ also owns. 2.0% of QQQ's is in holdings PJP also owns. They hold 3 positions in common, counted across the 30 positions we hold weights for in PJP and 102 in QQQ.
Which pays a higher dividend, PJP or QQQ?
PJP yields 0.87% while QQQ yields 0.44%, so PJP currently pays the higher dividend yield.
Is QQQ better than PJP?
QQQ has a lower expense ratio. PJP led over 1Y, QQQ over 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 48.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.