JCAL vs QQQ
JPMorgan California Tax Free Bond ETF vs Invesco QQQ Trust, Series 1
Which is better, JCAL or QQQ?
Municipal Bond against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y.
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 | JCAL | QQQ |
|---|---|---|
| Expense Ratio | 0.34% | 0.18%Best |
| AUM | $510M | $506.1B |
| Dividend Yield | 0.89% | 0.42% |
| Holdings | 619 | 321 |
| YTD Return | -4.16% | +19.30%Best |
| 1Y Return | - | +22.47% |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Growth |
| Inception | Jun 12, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
JCAL 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
JCAL vs QQQ Performance
JPMorgan California Tax Free Bond ETF (JCAL) is an ETF from J.P. Morgan Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, JCAL is down 4.16% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
JCAL charges 0.34% per year while QQQ charges 0.18%. On a $10,000 position that is $34 vs $18 annually, a gap of $16 per year that compounds over a long holding period. On income, JCAL currently yields 0.89% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 83 holdings in JCAL and 101 in QQQ, totalling 35.4% and 99.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 83 positions we hold weights for in JCAL and 101 in QQQ, against full books of 619 and 321.
You are not choosing between two funds in isolation.
Whichever of JCAL 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, JCAL or QQQ?
JCAL has an expense ratio of 0.34% while QQQ charges 0.18%. QQQ is the cheaper option, by $16 a year on a $10,000 investment.
Which pays a higher dividend, JCAL or QQQ?
JCAL yields 0.89% while QQQ yields 0.42%, so JCAL currently pays the higher dividend yield.
Is QQQ better than JCAL?
QQQ has a lower expense ratio. QQQ led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.