CVLC vs JQUA
Calvert US Large-Cap Core Responsible Index ETF vs JPMorgan US Quality Factor ETF
Which is better, CVLC or JQUA?
Each has led over a different period.
JQUA has a lower expense ratio. CVLC led over 3Y, JQUA over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. JQUA is less concentrated, with 19.8% of the fund in its ten largest positions against 38.2%.
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 | CVLC | JQUA |
|---|---|---|
| Expense Ratio | 0.15% | 0.12%Best |
| AUM | $1.0B | $9.3B |
| Dividend Yield | 0.93% | 1.08% |
| Holdings | 1,511 | 624 |
| YTD Return | +13.41% | +21.29%Best |
| 1Y Return | +17.66% | +23.19%Best |
| 3Y Return (annualized) | +22.18%Best | +21.33% |
| 5Y Return (annualized) | - | +13.89% |
| Volatility (annualized) | 13.2% | 11.6%Best |
| Max Drawdown | -19.9% | -16.8%Best |
| $10,000 over 3.7 years | $19,236 | $19,313Best |
| Top 10 Weight | 38.2% | 19.8%Best |
| Fund Family | Calvert | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | Nov 8, 2017 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 15, 2026 (3.7 years).
CVLC vs JQUA 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 3.7 years both funds cover.
CVLC vs JQUA Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and JPMorgan US Quality Factor ETF (JQUA) is an ETF from J.P. Morgan Asset Management. Over the past year CVLC returned +17.66% while JQUA returned +23.19%. Year to date, CVLC is up 13.41% versus a gain of 21.29% for JQUA.
Over three years, CVLC compounded at +22.18% per year against +21.33% for JQUA. Across the full 4-year window we track, JQUA has the edge at +19.47% annualized vs +19.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVLC has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 11.6% for JQUA. 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 -19.9% for CVLC and -16.8% for JQUA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVLC charges 0.15% per year while JQUA charges 0.12%. On a $10,000 position that is $15 vs $12 annually, a gap of $3 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 1.08% for JQUA.
Holdings Overlap
58.4% of CVLC's money is in holdings JQUA also owns. 77.9% of JQUA's money is in holdings CVLC also owns.
Most of JQUA is already inside CVLC. Owning both mostly buys the same companies twice.
229 positions in common, counted across the 759 positions we hold weights for in CVLC and 306 in JQUA, against full books of 1,511 and 624.
What only one of them owns
Our book lists 68 positions for JQUA that do not appear in our book for CVLC (20.9% of the fund), and 513 for CVLC that do not appear in JQUA (40.7%).
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.
Top Shared Holdings
| Stock | Weight in CVLC | Weight in JQUA | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.80% | 2.00% | 5.80% |
| AAPLApple, Inc | 7.03% | 2.06% | 4.97% |
| MSFTMicrosoft Corp | 5.49% | 2.05% | 3.44% |
| GOOGLAlphabet Inc | 5.35% | 1.80% | 3.55% |
| AVGOBroadcom Inc | 2.48% | 1.92% | 0.56% |
| MUMicron Technology, Inc. | 1.88% | 2.16% | 0.28% |
| AMDAdvanced Micro Devices Inc | 1.66% | 2.26% | 0.60% |
| VVisa Inc Class A | 1.01% | 1.69% | 0.68% |
| ABBVAbbvie Inc. | 0.81% | 1.25% | 0.44% |
| MAMastercard Inc | 0.73% | 1.31% | 0.58% |
77.9% of JQUA is already inside CVLC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, CVLC or JQUA?
CVLC has an expense ratio of 0.15% while JQUA charges 0.12%. JQUA is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, CVLC or JQUA?
Over the past year CVLC returned +17.66% vs +23.19% for JQUA, so JQUA leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.34% vs +19.47% for JQUA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or JQUA?
CVLC has been the more volatile fund at 13.2% annualized versus 11.6% for JQUA. Worst drawdown: CVLC -19.9% vs JQUA -16.8%.
Should I hold both CVLC and JQUA?
CVLC and JQUA have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CVLC and JQUA?
77.9% of JQUA's money is in holdings CVLC also owns. 77.9% of JQUA's is in holdings CVLC also owns. They hold 229 positions in common, counted across the 759 positions we hold weights for in CVLC and 306 in JQUA.
Which pays a higher dividend, CVLC or JQUA?
CVLC yields 0.93% while JQUA yields 1.08%, so JQUA currently pays the higher dividend yield.
Is JQUA better than CVLC?
JQUA has a lower expense ratio. CVLC led over 3Y, JQUA over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. JQUA is less concentrated, with 19.8% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.