JVAL vs QDF
JPMorgan US Value Factor ETF vs Northern Trust Quality Dividend ETF
Which is better, JVAL or QDF?
Nearly the same fund. JVAL costs less.
JVAL has a lower expense ratio. JVAL led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. JVAL is less concentrated, with 18.6% of the fund in its ten largest positions against 39.3%.
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 | JVAL | QDF |
|---|---|---|
| Expense Ratio | 0.12%Best | 0.37% |
| AUM | $1.0B | $2.2B |
| Dividend Yield | 1.61% | 1.52% |
| Holdings | 797 | 146 |
| YTD Return | +18.89%Best | +12.89% |
| 1Y Return | +24.99%Best | +17.43% |
| 3Y Return (annualized) | +21.18%Best | +19.13% |
| 5Y Return (annualized) | +12.28%Best | +11.89% |
| Volatility (annualized) | 18.1% | 16.1%Best |
| Max Drawdown | -40.4% | -37.2%Best |
| $10,000 over 5 years | $17,845Best | $17,537 |
| Top 10 Weight | 18.6%Best | 39.3% |
| Fund Family | J.P. Morgan Asset Management | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 8, 2017 | Dec 14, 2012 |
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2017 to Oct 14, 2026 (8.9 years).
JVAL vs QDF 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 8.9 years both funds cover.
JVAL vs QDF Performance
JPMorgan US Value Factor ETF (JVAL) is an ETF from J.P. Morgan Asset Management and Northern Trust Quality Dividend ETF (QDF) is an ETF from Northern Trust Asset Management. Over the past year JVAL returned +24.99% while QDF returned +17.43%. Year to date, JVAL is up 18.89% versus a gain of 12.89% for QDF.
Over three years, JVAL compounded at +21.18% per year against +19.13% for QDF; over five years the annualized figures are +12.28% and +11.89% respectively. Across the full 9-year window we track, JVAL has the edge at +11.54% annualized vs +10.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JVAL has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 16.1% for QDF. 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 -40.4% for JVAL and -37.2% for QDF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JVAL charges 0.12% per year while QDF charges 0.37%. On a $10,000 position that is $12 vs $37 annually, a gap of $25 per year that compounds over a long holding period. On income, JVAL currently yields 1.61% against 1.52% for QDF.
Holdings Overlap
36.4% of JVAL's money is in holdings QDF also owns. 68.2% of QDF's money is in holdings JVAL also owns.
The two portfolios partly overlap.
77 positions in common, counted across the 393 positions we hold weights for in JVAL and 140 in QDF, against full books of 797 and 146.
What only one of them owns
Our book lists 62 positions for QDF that do not appear in our book for JVAL (30.9% of the fund), and 306 for JVAL that do not appear in QDF (62.2%).
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 JVAL | Weight in QDF | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.15% | 9.39% | 7.24% |
| NVDANvidia Corp | 1.90% | 8.02% | 6.12% |
| MSFTMicrosoft Corp | 2.12% | 4.55% | 2.43% |
| JNJJohnson & Johnson - Common | 1.63% | 2.88% | 1.25% |
| GOOGLAlphabet Inc | 2.10% | 2.31% | 0.21% |
| AVGOBroadcom Inc | 1.80% | 2.59% | 0.79% |
| LRCXLrcx Uw Equity | 1.16% | 2.99% | 1.83% |
| METAMeta Platforms Inc | 2.43% | 1.57% | 0.86% |
| MUMicron Technology, Inc. | 2.17% | 1.74% | 0.43% |
| KLACKla-tencor | 0.67% | 1.83% | 1.16% |
68.2% of QDF is already inside JVAL.
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, JVAL or QDF?
JVAL has an expense ratio of 0.12% while QDF charges 0.37%. JVAL is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, JVAL or QDF?
Over the past year JVAL returned +24.99% vs +17.43% for QDF, so JVAL leads on 1-year performance. Over the longest common window we track (9 years), JVAL annualized +11.54% vs +10.21% for QDF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JVAL or QDF?
JVAL has been the more volatile fund at 18.1% annualized versus 16.1% for QDF. Worst drawdown: JVAL -40.4% vs QDF -37.2%.
Should I hold both JVAL and QDF?
JVAL and QDF have a monthly-return correlation of 0.97, 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 JVAL and QDF?
68.2% of QDF's money is in holdings JVAL also owns. 68.2% of QDF's is in holdings JVAL also owns. They hold 77 positions in common, counted across the 393 positions we hold weights for in JVAL and 140 in QDF.
Which pays a higher dividend, JVAL or QDF?
JVAL yields 1.61% while QDF yields 1.52%, so JVAL currently pays the higher dividend yield.
Is QDF better than JVAL?
JVAL has a lower expense ratio. JVAL led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. JVAL is less concentrated, with 18.6% of the fund in its ten largest positions against 39.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.