JPST vs QQQ
JPST vs QQQ
JPMorgan Ultra-Short Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. JPST offers more diversification with 535 holdings.
Side-by-Side Comparison
| Metric | JPST | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.18% | |
| AUM | $40.4B | $455.8B | |
| Dividend Yield | 4.55% | 0.41% | |
| Holdings | 794 | 108 | |
| YTD Return | +1.63% | +17.27% | |
| 1Y Return | +3.61% | +28.64% | |
| 3Y Return (annualized) | +4.96% | +24.88% | |
| 5Y Return (annualized) | +3.65% | +14.86% | |
| Volatility (annualized) | 1.1% | 30.6% | |
| Max Drawdown | -3.3% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 17, 2017 | Mar 10, 1999 |
JPST vs QQQ Performance
JPMorgan Ultra-Short Income ETF (JPST) 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 JPST returned +3.61% while QQQ returned +28.64%. Year to date, JPST is up 1.63% versus a gain of 17.27% for QQQ.
Over three years, JPST compounded at +4.96% per year against +24.88% for QQQ; over five years the annualized figures are +3.65% and +14.86% respectively. Across the full 9-year window we track, QQQ has the edge at +13.08% annualized vs +2.16%. 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 1.1% for JPST. 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 -3.3% for JPST 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPST charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, JPST currently yields 4.55% against 0.41% for QQQ.
Holdings Overlap
JPST and QQQ share 0 holdings out of 638 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, JPST or QQQ?
JPST has an expense ratio of 0.18% while QQQ charges 0.18%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, JPST or QQQ?
Over the past year JPST returned +3.61% vs +28.64% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), JPST annualized +2.16% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, JPST or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.1% for JPST. Worst drawdown: JPST -3.3% vs QQQ -83.0%.
Should I hold both JPST and QQQ?
JPST and QQQ have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPST and QQQ?
JPST and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 638 unique securities.
Which pays a higher dividend, JPST or QQQ?
JPST yields 4.55% while QQQ yields 0.41%, so JPST currently pays the higher dividend yield.
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