JGVVX vs. QQQ
Compare and contrast key facts about JPMorgan Growth Advantage Fund (JGVVX) and Invesco QQQ (QQQ).
JGVVX is managed by JPMorgan. It was launched on Dec 23, 2013. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JGVVX or QQQ.
Correlation
The correlation between JGVVX and QQQ is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JGVVX vs. QQQ - Performance Comparison
Key characteristics
JGVVX:
0.96
QQQ:
1.40
JGVVX:
1.34
QQQ:
1.90
JGVVX:
1.19
QQQ:
1.25
JGVVX:
1.41
QQQ:
1.88
JGVVX:
4.30
QQQ:
6.51
JGVVX:
4.29%
QQQ:
3.92%
JGVVX:
19.16%
QQQ:
18.23%
JGVVX:
-42.95%
QQQ:
-82.98%
JGVVX:
-5.38%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, JGVVX achieves a 3.81% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, JGVVX has underperformed QQQ with an annualized return of 13.79%, while QQQ has yielded a comparatively higher 18.32% annualized return.
JGVVX
3.81%
0.05%
7.13%
20.52%
11.73%
13.79%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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JGVVX vs. QQQ - Expense Ratio Comparison
JGVVX has a 0.55% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
JGVVX vs. QQQ — Risk-Adjusted Performance Rank
JGVVX
QQQ
JGVVX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Growth Advantage Fund (JGVVX) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
JGVVX vs. QQQ - Dividend Comparison
JGVVX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGVVX JPMorgan Growth Advantage Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 9.28% | 9.37% | 4.04% | 0.00% | 3.42% | 3.83% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
JGVVX vs. QQQ - Drawdown Comparison
The maximum JGVVX drawdown since its inception was -42.95%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for JGVVX and QQQ. For additional features, visit the drawdowns tool.
Volatility
JGVVX vs. QQQ - Volatility Comparison
JPMorgan Growth Advantage Fund (JGVVX) has a higher volatility of 5.22% compared to Invesco QQQ (QQQ) at 4.70%. This indicates that JGVVX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.