JMSI vs QQQ
JPMorgan Sustainable Municipal Income ETF vs Invesco QQQ Trust, Series 1
Which is better, JMSI or QQQ?
Municipal Bond against Large Cap Growth.
QQQ led over 1Y, 3Y and the full window.
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 | JMSI | QQQ |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $369M | $506.1B |
| Dividend Yield | 3.90% | 0.42% |
| Holdings | 297 | 321 |
| YTD Return | -2.93% | +19.30%Best |
| 1Y Return | -1.74% | +22.47%Best |
| 3Y Return (annualized) | +3.42% | +26.18%Best |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 5.2%Best | 17.3% |
| Max Drawdown | -6.5%Best | -22.8% |
| $10,000 over 3.2 years | $10,684 | $19,229Best |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Growth |
| Inception | Jul 14, 2023 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 17, 2023 to Oct 14, 2026 (3.2 years).
JMSI 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 3.2 years both funds cover.
JMSI vs QQQ Performance
JPMorgan Sustainable Municipal Income ETF (JMSI) is an ETF from J.P. Morgan Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year JMSI returned -1.74% while QQQ returned +22.47%. Year to date, JMSI is down 2.93% versus a gain of 19.30% for QQQ.
Over three years, JMSI compounded at +3.42% per year against +26.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 5.2% for JMSI. 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 -6.5% for JMSI 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 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JMSI charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, JMSI currently yields 3.90% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 185 holdings in JMSI and 101 in QQQ, totalling 63.2% 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 185 positions we hold weights for in JMSI and 101 in QQQ, against full books of 297 and 321.
You are not choosing between two funds in isolation.
Whichever of JMSI 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, JMSI or QQQ?
JMSI has an expense ratio of 0.18% while QQQ charges 0.18%. At the precision these are quoted to, they cost the same.
Which performed better, JMSI or QQQ?
Over the past year JMSI returned -1.74% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JMSI or QQQ?
QQQ has been the more volatile fund at 17.3% annualized versus 5.2% for JMSI. Worst drawdown: JMSI -6.5% vs QQQ -22.8%.
Should I hold both JMSI and QQQ?
JMSI and QQQ have a monthly-return correlation of 0.51, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JMSI or QQQ?
JMSI yields 3.90% while QQQ yields 0.42%, so JMSI currently pays the higher dividend yield.
Is QQQ better than JMSI?
QQQ led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.