JQUA vs NOEQ
JPMorgan US Quality Factor ETF vs Northern Trust US Equity ETF
Which is better, JQUA or NOEQ?
JQUA and NOEQ are close on what we can measure.
JQUA is less concentrated, with 19.8% of the fund in its ten largest positions against 61.7%.
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 | JQUA | NOEQ |
|---|---|---|
| Expense Ratio | 0.12%Tie | 0.12%Tie |
| AUM | $9.3B | $906M |
| Dividend Yield | 1.08% | 0.41% |
| Holdings | 624 | 406 |
| YTD Return | +19.98%Best | +17.57% |
| 1Y Return | +21.86% | - |
| 3Y Return (annualized) | +20.91% | - |
| 5Y Return (annualized) | +13.77% | - |
| Top 10 Weight | 19.8%Best | 61.7% |
| Fund Family | J.P. Morgan Asset Management | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2017 | Mar 20, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
JQUA vs NOEQ 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.
JQUA vs NOEQ Performance
JPMorgan US Quality Factor ETF (JQUA) is an ETF from J.P. Morgan Asset Management and Northern Trust US Equity ETF (NOEQ) is an ETF from Northern Trust Asset Management. Year to date, JQUA is up 19.98% versus a gain of 17.57% for NOEQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
JQUA charges 0.12% per year while NOEQ charges 0.12%. On a $10,000 position that is $12 vs $12 annually. On income, JQUA currently yields 1.08% against 0.41% for NOEQ.
Holdings Overlap
57.1% of JQUA's money is in holdings NOEQ also owns. 33.0% of NOEQ's money is in holdings JQUA also owns.
The two portfolios partly overlap.
94 positions in common, counted across the 306 positions we hold weights for in JQUA and 401 in NOEQ, against full books of 624 and 406.
What only one of them owns
Our book lists 213 positions for NOEQ that do not appear in our book for JQUA (65.0% of the fund), and 201 for JQUA that do not appear in NOEQ (41.3%).
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.
Top Shared Holdings
| Stock | Weight in JQUA | Weight in NOEQ | Difference |
|---|---|---|---|
| XOMExxonmobil Corp. | 1.78% | 4.11% | 2.33% |
| JNJJohnson & Johnson - Common | 1.54% | 4.06% | 2.52% |
| NVDANvidia Corp | 2.00% | 3.29% | 1.29% |
| AAPLApple, Inc | 2.06% | 2.86% | 0.80% |
| CVXChevron Corp | 0.69% | 3.88% | 3.19% |
| MSFTMicrosoft Corp | 2.05% | 2.09% | 0.04% |
| MRKMerck & Company Inc | 1.08% | 2.91% | 1.83% |
| AVGOBroadcom Inc | 1.92% | 1.09% | 0.83% |
| MUMicron Technology, Inc. | 2.16% | 0.46% | 1.70% |
| AMDAdvanced Micro Devices Inc | 2.26% | 0.33% | 1.93% |
57.1% of JQUA is already inside NOEQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, JQUA or NOEQ?
JQUA has an expense ratio of 0.12% while NOEQ charges 0.12%. At the precision these are quoted to, they cost the same.
What is the holdings overlap between JQUA and NOEQ?
57.1% of JQUA's money is in holdings NOEQ also owns. 33.0% of NOEQ's is in holdings JQUA also owns. They hold 94 positions in common, counted across the 306 positions we hold weights for in JQUA and 401 in NOEQ.
Which pays a higher dividend, JQUA or NOEQ?
JQUA yields 1.08% while NOEQ yields 0.41%, so JQUA currently pays the higher dividend yield.
Is NOEQ better than JQUA?
JQUA is less concentrated, with 19.8% of the fund in its ten largest positions against 61.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.