JOF vs QQQ
Japan Smaller Capitalization Fund Inc vs Invesco QQQ Trust, Series 1
Which is better, JOF or QQQ?
Small Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. JOF led over 1Y and 3Y, QQQ over 5Y 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 | JOF | QQQ |
|---|---|---|
| Expense Ratio | 1.47% | 0.18%Best |
| AUM | $367M | $506.1B |
| Dividend Yield | 7.57% | 0.42% |
| Holdings | 91 | 321 |
| YTD Return | +18.05% | +19.30%Best |
| 1Y Return | +32.47%Best | +22.47% |
| 3Y Return (annualized) | +29.14%Best | +26.18% |
| 5Y Return (annualized) | +12.70% | +15.42%Best |
| Volatility (annualized) | 25.2%Best | 30.5% |
| Max Drawdown | -70.0%Best | -83.0% |
| $10,000 over 5 years | $18,181 | $20,484Best |
| Fund Family | Nomura Asset Management Co Ltd | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Growth |
| Inception | Mar 21, 1990 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 10, 1999 to Oct 14, 2026 (27.6 years).
JOF 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.
JOF vs QQQ Performance
Japan Smaller Capitalization Fund Inc (JOF) is an ETF from Nomura Asset Management Co Ltd and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year JOF returned +32.47% while QQQ returned +22.47%. Year to date, JOF is up 18.05% versus a gain of 19.30% for QQQ.
Over three years, JOF compounded at +29.14% per year against +26.18% for QQQ; over five years the annualized figures are +12.70% and +15.42% respectively. Across the full 28-year window we track, QQQ has the edge at +13.05% annualized vs +2.85%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.5% compared with 25.2% for JOF. 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 -70.0% for JOF and -83.0% 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 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JOF charges 1.47% per year while QQQ charges 0.18%. On a $10,000 position that is $147 vs $18 annually, a gap of $129 per year that compounds over a long holding period. On income, JOF currently yields 7.57% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 91 holdings in JOF and 101 in QQQ, totalling 94.6% and 99.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 123 days apart, JOF as of May 31, 2026 and QQQ as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 91 positions we hold weights for in JOF and 101 in QQQ, against full books of 91 and 321.
You are not choosing between two funds in isolation.
Whichever of JOF 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, JOF or QQQ?
JOF has an expense ratio of 1.47% while QQQ charges 0.18%. QQQ is the cheaper option, by $129 a year on a $10,000 investment.
Which performed better, JOF or QQQ?
Over the past year JOF returned +32.47% vs +22.47% for QQQ, so JOF leads on 1-year performance. Over the longest common window we track (28 years), JOF annualized +2.85% vs +13.05% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JOF or QQQ?
QQQ has been the more volatile fund at 30.5% annualized versus 25.2% for JOF. Worst drawdown: JOF -70.0% vs QQQ -83.0%.
Should I hold both JOF and QQQ?
JOF and QQQ have a monthly-return correlation of 0.34, 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, JOF or QQQ?
JOF yields 7.57% while QQQ yields 0.42%, so JOF currently pays the higher dividend yield.
Is QQQ better than JOF?
QQQ has a lower expense ratio. JOF led over 1Y and 3Y, QQQ over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.