JQUA vs SPY
JQUA vs SPY
JPMorgan US Quality Factor ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. JQUA delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | JQUA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.09% | |
| AUM | $8.2B | $789.1B | |
| Dividend Yield | 1.19% | 1.01% | |
| Holdings | 295 | 505 | |
| YTD Return | +18.76% | +13.79% | |
| 1Y Return | +24.39% | +23.66% | |
| 3Y Return (annualized) | +19.98% | +21.40% | |
| 5Y Return (annualized) | +13.44% | +13.37% | |
| Volatility (annualized) | 15.4% | 15.3% | |
| Max Drawdown | -32.9% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2017 | Jan 22, 1993 |
JQUA vs SPY Performance
JPMorgan US Quality Factor ETF (JQUA) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JQUA returned +24.39% while SPY returned +23.66%. Year to date, JQUA is up 18.76% versus a gain of 13.79% for SPY.
Over three years, JQUA compounded at +19.98% per year against +21.40% for SPY; over five years the annualized figures are +13.44% and +13.37% respectively. Across the full 9-year window we track, JQUA has the edge at +14.32% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JQUA has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 15.3% for SPY. 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 -32.9% for JQUA and -56.5% for SPY. 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JQUA charges 0.12% per year while SPY charges 0.09%. On a $10,000 position that is $12 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, JQUA currently yields 1.19% against 1.01% for SPY.
Holdings Overlap
JQUA and SPY share 179 holdings out of 610 unique holdings combined, representing a 43.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JQUA | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 2.03% | 7.31% | 5.28% |
| AAPL | 2.05% | 7.09% | 5.04% |
| MSFT | 1.69% | 4.43% | 2.74% |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
See all 10 holdings JQUA shares with SPY 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, JQUA or SPY?
JQUA has an expense ratio of 0.12% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, JQUA or SPY?
Over the past year JQUA returned +24.39% vs +23.66% for SPY, so JQUA leads on 1-year performance. Over the longest common window we track (9 years), JQUA annualized +14.32% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, JQUA or SPY?
JQUA has been the more volatile fund at 15.4% annualized versus 15.3% for SPY. Worst drawdown: JQUA -32.9% vs SPY -56.5%.
Should I hold both JQUA and SPY?
JQUA and SPY have a monthly-return correlation of 0.97, 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 JQUA and SPY?
JQUA and SPY share 179 common holdings with a 43.2% weight overlap. Combined, they hold 610 unique securities.
Which pays a higher dividend, JQUA or SPY?
JQUA yields 1.19% while SPY yields 1.01%, so JQUA currently pays the higher dividend yield.
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