JUSA vs QQQ
JPMorgan US Research Enhanced Large Cap ETF vs Invesco QQQ Trust, Series 1
Which is better, JUSA or QQQ?
Large Cap Blend against Large Cap Growth.
JUSA has a lower expense ratio. QQQ led over 1Y and the full window. JUSA is less concentrated, with 40.3% 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 | JUSA | QQQ |
|---|---|---|
| Expense Ratio | 0.12%Best | 0.18% |
| AUM | $741M | $506.1B |
| Dividend Yield | 0.53% | 0.42% |
| Holdings | 264 | 321 |
| YTD Return | +12.36% | +19.30%Best |
| 1Y Return | +16.58% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 11.4%Best | 18.8% |
| Max Drawdown | -14.0%Best | -15.7% |
| $10,000 over 1.6 years | $13,748 | $15,387Best |
| Top 10 Weight | 40.3%Best | 46.7% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Mar 13, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 14, 2025 to Oct 14, 2026 (1.6 years).
JUSA 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 1.6 years both funds cover.
JUSA vs QQQ Performance
JPMorgan US Research Enhanced Large Cap ETF (JUSA) 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 JUSA returned +16.58% while QQQ returned +22.47%. Year to date, JUSA is up 12.36% versus a gain of 19.30% 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 18.8% compared with 11.4% for JUSA. 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 -14.0% for JUSA and -15.7% 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JUSA charges 0.12% per year while QQQ charges 0.18%. On a $10,000 position that is $12 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, JUSA currently yields 0.53% against 0.42% for QQQ.
Holdings Overlap
55.2% of JUSA's money is in holdings QQQ also owns. 83.9% of QQQ's money is in holdings JUSA also owns.
Most of QQQ is already inside JUSA. Owning both mostly buys the same companies twice.
56 positions in common, counted across the 257 positions we hold weights for in JUSA and 101 in QQQ, against full books of 264 and 321.
What only one of them owns
Our book lists 38 positions for QQQ that do not appear in our book for JUSA (13.3% of the fund), and 195 for JUSA that do not appear in QQQ (44.5%).
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 JUSA | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.74% | 8.33% | 0.41% |
| AAPLApple, Inc | 7.11% | 7.35% | 0.24% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.26% | 5.76% | 0.50% |
| AMZNAmazon.Com Inc | 4.05% | 4.07% | 0.02% |
| MUMicron Technology, Inc. | 1.94% | 5.02% | 3.08% |
| GOOGLAlphabet Inc-cl A | 3.08% | 3.05% | 0.03% |
| METAMeta Platform Inc | 2.53% | 3.26% | 0.73% |
| AMDAdvanced Micro Devices Inc. | 1.50% | 4.17% | 2.67% |
| GOOGAlphabet, Inc.- Cl C | 2.43% | 2.85% | 0.42% |
| AVGOBroadcom Inc | 2.62% | 2.53% | 0.09% |
83.9% of QQQ is already inside JUSA.
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, JUSA or QQQ?
JUSA has an expense ratio of 0.12% while QQQ charges 0.18%. JUSA is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, JUSA or QQQ?
Over the past year JUSA returned +16.58% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), JUSA annualized +22.01% vs +30.91% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JUSA or QQQ?
QQQ has been the more volatile fund at 18.8% annualized versus 11.4% for JUSA. Worst drawdown: JUSA -14.0% vs QQQ -15.7%.
Should I hold both JUSA and QQQ?
JUSA and QQQ have a monthly-return correlation of 0.88, 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 JUSA and QQQ?
83.9% of QQQ's money is in holdings JUSA also owns. 83.9% of QQQ's is in holdings JUSA also owns. They hold 56 positions in common, counted across the 257 positions we hold weights for in JUSA and 101 in QQQ.
Which pays a higher dividend, JUSA or QQQ?
JUSA yields 0.53% while QQQ yields 0.42%, so JUSA currently pays the higher dividend yield.
Is QQQ better than JUSA?
JUSA has a lower expense ratio. QQQ led over 1Y and the full window. JUSA is less concentrated, with 40.3% 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.