JQUA vs QLV
JPMorgan US Quality Factor ETF vs Northern Trust US Quality Low Volatility ETF
Which is better, JQUA or QLV?
JQUA has been ahead.
QLV has a lower expense ratio. JQUA led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. JQUA is less concentrated, with 19.8% of the fund in its ten largest positions against 36.8%.
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 | QLV |
|---|---|---|
| Expense Ratio | 0.12% | 0.08%Best |
| AUM | $9.3B | $171M |
| Dividend Yield | 1.08% | 1.50% |
| Holdings | 624 | 125 |
| YTD Return | +19.98%Best | +13.30% |
| 1Y Return | +21.86%Best | +14.01% |
| 3Y Return (annualized) | +20.91%Best | +16.91% |
| 5Y Return (annualized) | +13.77%Best | +10.85% |
| Volatility (annualized) | 15.4% | 13.6%Best |
| Max Drawdown | -32.9%Best | -34.0% |
| $10,000 over 5 years | $19,061Best | $16,737 |
| Top 10 Weight | 19.8%Best | 36.8% |
| 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 | Jul 15, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Jul 16, 2019 to Oct 14, 2026 (7.2 years).
JQUA vs QLV 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 7.2 years both funds cover.
JQUA vs QLV Performance
JPMorgan US Quality Factor ETF (JQUA) is an ETF from J.P. Morgan Asset Management and Northern Trust US Quality Low Volatility ETF (QLV) is an ETF from Northern Trust Asset Management. Over the past year JQUA returned +21.86% while QLV returned +14.01%. Year to date, JQUA is up 19.98% versus a gain of 13.30% for QLV.
Over three years, JQUA compounded at +20.91% per year against +16.91% for QLV; over five years the annualized figures are +13.77% and +10.85% respectively. Across the full 7-year window we track, JQUA has the edge at +14.96% annualized vs +11.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JQUA has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 13.6% for QLV. 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 -32.9% for JQUA and -34.0% for QLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JQUA charges 0.12% per year while QLV charges 0.08%. On a $10,000 position that is $12 vs $8 annually, a gap of $4 per year that compounds over a long holding period. On income, JQUA currently yields 1.08% against 1.50% for QLV.
Holdings Overlap
40.5% of JQUA's money is in holdings QLV also owns. 65.0% of QLV's money is in holdings JQUA also owns.
The two portfolios partly overlap.
59 positions in common, counted across the 306 positions we hold weights for in JQUA and 120 in QLV, against full books of 624 and 125.
What only one of them owns
Our book lists 55 positions for QLV that do not appear in our book for JQUA (31.7% of the fund), and 237 for JQUA that do not appear in QLV (58.2%).
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 QLV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 2.00% | 6.86% | 4.86% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 2.05% | 6.58% | 4.53% |
| AAPLApple, Inc | 2.06% | 6.09% | 4.03% |
| JNJJohnson & Johnson - Common | 1.54% | 4.25% | 2.71% |
| XOMExxon Mobil Corp. | 1.78% | 2.38% | 0.60% |
| VVisa Inc. 'A' | 1.69% | 2.15% | 0.46% |
| GOOGLAlphabet Inc-cl A | 1.80% | 1.94% | 0.14% |
| AVGOBroadcom Inc | 1.92% | 1.81% | 0.11% |
| METAMeta Platform Inc | 2.10% | 1.04% | 1.06% |
| MAMastercard Inc | 1.31% | 1.57% | 0.26% |
65.0% of QLV is already inside JQUA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JQUA or QLV?
JQUA has an expense ratio of 0.12% while QLV charges 0.08%. QLV is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, JQUA or QLV?
Over the past year JQUA returned +21.86% vs +14.01% for QLV, so JQUA leads on 1-year performance. Over the longest common window we track (7 years), JQUA annualized +14.96% vs +11.51% for QLV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JQUA or QLV?
JQUA has been the more volatile fund at 15.4% annualized versus 13.6% for QLV. Worst drawdown: JQUA -32.9% vs QLV -34.0%.
Should I hold both JQUA and QLV?
JQUA and QLV have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between JQUA and QLV?
65.0% of QLV's money is in holdings JQUA also owns. 65.0% of QLV's is in holdings JQUA also owns. They hold 59 positions in common, counted across the 306 positions we hold weights for in JQUA and 120 in QLV.
Which pays a higher dividend, JQUA or QLV?
JQUA yields 1.08% while QLV yields 1.50%, so QLV currently pays the higher dividend yield.
Is QLV better than JQUA?
QLV has a lower expense ratio. JQUA led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. JQUA is less concentrated, with 19.8% of the fund in its ten largest positions against 36.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.