JMEE vs QQQ
JMEE vs QQQ
JPMorgan Small & Mid Cap Enhanced Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. JMEE delivered stronger 1-year returns. JMEE offers more diversification with 639 holdings.
Side-by-Side Comparison
| Metric | JMEE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.18% | |
| AUM | $2.9B | $455.8B | |
| Dividend Yield | 0.91% | 0.41% | |
| Holdings | 664 | 108 | |
| YTD Return | +19.39% | +16.83% | |
| 1Y Return | +31.32% | +26.58% | |
| 3Y Return (annualized) | +15.63% | +24.70% | |
| 5Y Return (annualized) | - | +14.88% | |
| Volatility (annualized) | 19.0% | 30.6% | |
| Max Drawdown | -25.4% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 6, 2022 | Mar 10, 1999 |
JMEE vs QQQ Performance
JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) 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 JMEE returned +31.32% while QQQ returned +26.58%. Year to date, JMEE is up 19.39% versus a gain of 16.83% for QQQ.
Over three years, JMEE compounded at +15.63% per year against +24.70% for QQQ. Across the full 4-year window we track, JMEE has the edge at +14.44% annualized vs +13.06%. 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 19.0% for JMEE. 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 -25.4% for JMEE 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMEE charges 0.24% per year while QQQ charges 0.18%. On a $10,000 position that is $24 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, JMEE currently yields 0.91% against 0.41% for QQQ.
Holdings Overlap
JMEE and QQQ share 0 holdings out of 742 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JMEE or QQQ?
JMEE has an expense ratio of 0.24% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, JMEE or QQQ?
Over the past year JMEE returned +31.32% vs +26.58% for QQQ, so JMEE leads on 1-year performance. Over the longest common window we track (4 years), JMEE annualized +14.44% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, JMEE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.0% for JMEE. Worst drawdown: JMEE -25.4% vs QQQ -83.0%.
Should I hold both JMEE and QQQ?
JMEE and QQQ have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMEE and QQQ?
JMEE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 742 unique securities.
Which pays a higher dividend, JMEE or QQQ?
JMEE yields 0.91% while QQQ yields 0.41%, so JMEE currently pays the higher dividend yield.
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