JPME vs QQQ
JPMorgan Diversified Return US Mid Cap Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, JPME or QQQ?
Mid Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. JPME is less concentrated, with 4.8% 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 | JPME | QQQ |
|---|---|---|
| Expense Ratio | 0.24% | 0.18%Best |
| AUM | $474M | $506.1B |
| Dividend Yield | 1.87% | 0.42% |
| Holdings | 703 | 321 |
| YTD Return | +11.85% | +19.30%Best |
| 1Y Return | +15.09% | +22.47%Best |
| 3Y Return (annualized) | +15.38% | +26.18%Best |
| 5Y Return (annualized) | +8.03% | +15.42%Best |
| Volatility (annualized) | 16.4%Best | 18.8% |
| Max Drawdown | -41.0% | -35.1%Best |
| $10,000 over 5 years | $14,714 | $20,484Best |
| Top 10 Weight | 4.8%Best | 46.7% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Growth |
| Inception | May 11, 2016 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: May 18, 2016 to Oct 14, 2026 (10.4 years).
JPME 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 10.4 years both funds cover.
JPME vs QQQ Performance
JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) 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 JPME returned +15.09% while QQQ returned +22.47%. Year to date, JPME is up 11.85% versus a gain of 19.30% for QQQ.
Over three years, JPME compounded at +15.38% per year against +26.18% for QQQ; over five years the annualized figures are +8.03% and +15.42% respectively. Across the full 10-year window we track, QQQ has the edge at +20.76% annualized vs +10.07%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 16.4% for JPME. 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 -41.0% for JPME and -35.1% 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JPME charges 0.24% per year while QQQ charges 0.18%. On a $10,000 position that is $24 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, JPME currently yields 1.87% against 0.42% for QQQ.
Holdings Overlap
3.0% of JPME's money is in holdings QQQ also owns. 1.9% of QQQ's money is in holdings JPME also owns.
JPME and QQQ share little of their money.
9 positions in common, counted across the 342 positions we hold weights for in JPME and 101 in QQQ, against full books of 703 and 321.
What only one of them owns
Our book lists 84 positions for QQQ that do not appear in our book for JPME (94.3% of the fund), and 321 for JPME that do not appear in QQQ (93.8%).
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 JPME | Weight in QQQ | Difference |
|---|---|---|---|
| LITELumentum Holdings Inc | 0.47% | 0.36% | 0.11% |
| TERTeradyne Inc - Common | 0.43% | 0.26% | 0.17% |
| FASTFastenal Co. | 0.42% | 0.24% | 0.18% |
| BKRBaker Hughes A Ge Co. Class A | 0.37% | 0.23% | 0.14% |
| EXCExelon Corp. | 0.34% | 0.17% | 0.17% |
| KDPKeurig Dr Pepper Inc. | 0.31% | 0.17% | 0.14% |
| XELXcel Energy Inc. | 0.30% | 0.18% | 0.12% |
| MCHPMicrochip Technology Inc. | 0.22% | 0.18% | 0.04% |
| PAYXPaychex, Inc. | 0.17% | 0.15% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of JPME 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, JPME or QQQ?
JPME has an expense ratio of 0.24% while QQQ charges 0.18%. QQQ is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, JPME or QQQ?
Over the past year JPME returned +15.09% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), JPME annualized +10.07% vs +20.76% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPME or QQQ?
QQQ has been the more volatile fund at 18.8% annualized versus 16.4% for JPME. Worst drawdown: JPME -41.0% vs QQQ -35.1%.
Should I hold both JPME and QQQ?
JPME and QQQ have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JPME and QQQ?
3.0% of JPME's money is in holdings QQQ also owns. 1.9% of QQQ's is in holdings JPME also owns. They hold 9 positions in common, counted across the 342 positions we hold weights for in JPME and 101 in QQQ.
Which pays a higher dividend, JPME or QQQ?
JPME yields 1.87% while QQQ yields 0.42%, so JPME currently pays the higher dividend yield.
Is QQQ better than JPME?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. JPME is less concentrated, with 4.8% 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.