JMID vs QQQ
JMID vs QQQ
Janus Henderson Mid Cap Growth Alpha 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 | JMID | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.18% | |
| AUM | $22M | $455.8B | |
| Dividend Yield | 0.67% | 0.41% | |
| Holdings | 82 | 108 | |
| YTD Return | +10.91% | +18.20% | |
| 1Y Return | +11.99% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 18.1% | 30.6% | |
| Max Drawdown | -25.4% | -83.0% | |
| Fund Family | Janus Henderson Investors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 17, 2024 | Mar 10, 1999 |
JMID vs QQQ Performance
Janus Henderson Mid Cap Growth Alpha ETF (JMID) is a ETF from Janus Henderson Investors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JMID returned +11.99% while QQQ returned +27.63%. Year to date, JMID is up 10.91% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 18.1% for JMID. 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 JMID 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JMID charges 0.30% per year while QQQ charges 0.18%. On a $10,000 position that is $30 vs $18 annually, a gap of $12 per year that compounds over a long holding period. On income, JMID currently yields 0.67% against 0.41% for QQQ.
Holdings Overlap
JMID and QQQ share 13 holdings out of 183 unique holdings combined, representing a 2.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JMID | Weight in QQQ | Difference |
|---|---|---|---|
| DDOG | 2.18% | 0.38% | 1.80% |
| DXCM | 2.41% | 0.13% | 2.28% |
| TER | 2.25% | 0.24% | 2.01% |
| LITE | Pro | Pro | Pro |
| ADSK | Pro | Pro | Pro |
| ALAB | Pro | Pro | Pro |
| WDAY | Pro | Pro | Pro |
| ODFL | Pro | Pro | Pro |
| ALNY | Pro | Pro | Pro |
| IDXX | Pro | Pro | Pro |
See all 10 holdings JMID 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, JMID or QQQ?
JMID has an expense ratio of 0.30% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, JMID or QQQ?
Over the past year JMID returned +11.99% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), JMID annualized +15.80% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, JMID or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.1% for JMID. Worst drawdown: JMID -25.4% vs QQQ -83.0%.
Should I hold both JMID and QQQ?
JMID and QQQ have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMID and QQQ?
JMID and QQQ share 13 common holdings with a 2.8% weight overlap. Combined, they hold 183 unique securities.
Which pays a higher dividend, JMID or QQQ?
JMID yields 0.67% while QQQ yields 0.41%, so JMID currently pays the higher dividend yield.
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