JPAN vs QQQ
Matthews Japan Active ETF vs Invesco QQQ Trust, Series 1
Which is better, JPAN or QQQ?
Each has led over a different period.
QQQ has a lower expense ratio. JPAN led over 1Y, QQQ over 3Y and the full window. JPAN is less concentrated, with 38.3% of the fund in its ten largest positions against 46.7%.
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 | JPAN | QQQ |
|---|---|---|
| Expense Ratio | 0.79% | 0.18%Best |
| AUM | $10M | $506.1B |
| Dividend Yield | 4.24% | 0.42% |
| Holdings | 103 | 321 |
| YTD Return | +18.95% | +19.30%Best |
| 1Y Return | +25.38%Best | +22.47% |
| 3Y Return (annualized) | +24.34% | +26.18%Best |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 14.5%Best | 17.1% |
| Max Drawdown | -15.2%Best | -22.8% |
| $10,000 over 3.1 years | $18,518 | $20,908Best |
| Top 10 Weight | 38.3%Best | 46.7% |
| Fund Family | Matthews Asia Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 21, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 22, 2023 to Oct 14, 2026 (3.1 years).
JPAN 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 3.1 years both funds cover.
JPAN vs QQQ Performance
Matthews Japan Active ETF (JPAN) is an ETF from Matthews Asia Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year JPAN returned +25.38% while QQQ returned +22.47%. Year to date, JPAN is up 18.95% versus a gain of 19.30% for QQQ.
Over three years, JPAN compounded at +24.34% 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 17.1% compared with 14.5% for JPAN. 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 -15.2% for JPAN 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 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JPAN charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, JPAN currently yields 4.24% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 51 holdings in JPAN and 101 in QQQ, totalling 100.0% 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 51 positions we hold weights for in JPAN and 101 in QQQ, against full books of 103 and 321.
What only one of them owns
Our book lists 93 positions for QQQ that do not appear in our book for JPAN (96.3% of the fund), and 2 for JPAN that do not appear in QQQ (5.3%).
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.
You are not choosing between two funds in isolation.
Whichever of JPAN 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, JPAN or QQQ?
JPAN has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, JPAN or QQQ?
Over the past year JPAN returned +25.38% vs +22.47% for QQQ, so JPAN leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPAN or QQQ?
QQQ has been the more volatile fund at 17.1% annualized versus 14.5% for JPAN. Worst drawdown: JPAN -15.2% vs QQQ -22.8%.
Should I hold both JPAN and QQQ?
JPAN and QQQ have a monthly-return correlation of 0.60, 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, JPAN or QQQ?
JPAN yields 4.24% while QQQ yields 0.42%, so JPAN currently pays the higher dividend yield.
Is QQQ better than JPAN?
QQQ has a lower expense ratio. JPAN led over 1Y, QQQ over 3Y and the full window. JPAN is less concentrated, with 38.3% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.