JEPQ vs QQQ
JEPQ vs QQQ
JPMorgan Nasdaq Equity Premium Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | JEPQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $23.5B | $455.8B | |
| Dividend Yield | 10.12% | 0.41% | |
| Holdings | 109 | 108 | |
| YTD Return | +8.49% | +18.34% | |
| 1Y Return | +20.42% | +28.94% | |
| 3Y Return (annualized) | +18.66% | +25.28% | |
| 5Y Return (annualized) | - | +15.22% | |
| Volatility (annualized) | 13.8% | 30.6% | |
| Max Drawdown | -20.1% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 3, 2022 | Mar 10, 1999 |
JEPQ vs QQQ Performance
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is a ETF from J.P. Morgan Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JEPQ returned +20.42% while QQQ returned +28.94%. Year to date, JEPQ is up 8.49% versus a gain of 18.34% for QQQ.
Over three years, JEPQ compounded at +18.66% per year against +25.28% for QQQ. Across the full 4-year window we track, JEPQ has the edge at +15.58% annualized vs +13.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.8% for JEPQ. 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 -20.1% for JEPQ and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JEPQ charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, JEPQ currently yields 10.12% against 0.41% for QQQ.
Holdings Overlap
JEPQ and QQQ share 73 holdings out of 125 unique holdings combined, representing a 69.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in JEPQ | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 7.07% | 7.88% | 0.81% |
| AAPL | 6.57% | 7.46% | 0.89% |
| MU | 4.85% | 4.67% | 0.18% |
| MSFT | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings JEPQ shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, JEPQ or QQQ?
JEPQ has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, JEPQ or QQQ?
Over the past year JEPQ returned +20.42% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), JEPQ annualized +15.58% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, JEPQ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.8% for JEPQ. Worst drawdown: JEPQ -20.1% vs QQQ -83.0%.
Should I hold both JEPQ and QQQ?
JEPQ and QQQ have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JEPQ and QQQ?
JEPQ and QQQ share 73 common holdings with a 69.1% weight overlap. Combined, they hold 125 unique securities.
Which pays a higher dividend, JEPQ or QQQ?
JEPQ yields 10.12% while QQQ yields 0.41%, so JEPQ currently pays the higher dividend yield.
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