JMTG vs QQQ
JMTG vs QQQ
JPMorgan Mortgage-Backed Securities ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JMTG offers more diversification with 893 holdings.
Side-by-Side Comparison
| Metric | JMTG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.18% | |
| AUM | $6.8B | $455.8B | |
| Dividend Yield | 1.05% | 0.41% | |
| Holdings | 2,513 | 108 | |
| YTD Return | +0.05% | +14.45% | |
| 1Y Return | +3.25% | +24.70% | |
| 3Y Return (annualized) | - | +24.19% | |
| 5Y Return (annualized) | - | +14.49% | |
| Volatility (annualized) | 3.5% | 30.6% | |
| Max Drawdown | -2.8% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 27, 2025 | Mar 10, 1999 |
JMTG vs QQQ Performance
JPMorgan Mortgage-Backed Securities ETF (JMTG) 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 JMTG returned +3.25% while QQQ returned +24.70%. Year to date, JMTG is up 0.05% versus a gain of 14.45% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 3.5% for JMTG. 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 -2.8% for JMTG 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMTG 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, JMTG currently yields 1.05% against 0.41% for QQQ.
Holdings Overlap
JMTG and QQQ share 0 holdings out of 996 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, JMTG or QQQ?
JMTG 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, JMTG or QQQ?
Over the past year JMTG returned +3.25% vs +24.70% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), JMTG annualized +3.47% vs +12.98% for QQQ. Past performance does not guarantee future results.
Which is riskier, JMTG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 3.5% for JMTG. Worst drawdown: JMTG -2.8% vs QQQ -83.0%.
Should I hold both JMTG and QQQ?
JMTG and QQQ have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMTG and QQQ?
JMTG and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 996 unique securities.
Which pays a higher dividend, JMTG or QQQ?
JMTG yields 1.05% while QQQ yields 0.41%, so JMTG currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.