JLPSX vs. QQQ
Compare and contrast key facts about JPMorgan U.S. Large Cap Core Plus Fund (JLPSX) and Invesco QQQ (QQQ).
JLPSX is managed by JPMorgan Chase. It was launched on Nov 1, 2005. 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: JLPSX or QQQ.
Key characteristics
| JLPSX | QQQ | |
|---|---|---|
| YTD Return | 29.50% | 21.73% |
| 1Y Return | 47.28% | 42.44% |
| 3Y Return (Ann) | 12.69% | 9.48% |
| 5Y Return (Ann) | 18.91% | 20.93% |
| 10Y Return (Ann) | 12.99% | 18.21% |
| Sharpe Ratio | 3.83 | 2.51 |
| Sortino Ratio | 5.13 | 3.25 |
| Omega Ratio | 1.72 | 1.45 |
| Calmar Ratio | 5.91 | 3.18 |
| Martin Ratio | 29.12 | 11.66 |
| Ulcer Index | 1.65% | 3.70% |
| Daily Std Dev | 12.56% | 17.16% |
| Max Drawdown | -50.64% | -82.98% |
| Current Drawdown | -0.57% | -1.17% |
Correlation
The correlation between JLPSX and QQQ is 0.89, 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
JLPSX vs. QQQ - Performance Comparison
In the year-to-date period, JLPSX achieves a 29.50% return, which is significantly higher than QQQ's 21.73% return. Over the past 10 years, JLPSX has underperformed QQQ with an annualized return of 12.99%, while QQQ has yielded a comparatively higher 18.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JLPSX vs. QQQ - Expense Ratio Comparison
JLPSX has a 1.45% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
JLPSX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Large Cap Core Plus Fund (JLPSX) 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
JLPSX vs. QQQ - Dividend Comparison
JLPSX's dividend yield for the trailing twelve months is around 9.01%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLPSX JPMorgan U.S. Large Cap Core Plus Fund | 9.01% | 11.67% | 32.43% | 28.14% | 28.69% | 23.07% | 17.84% | 13.85% | 4.73% | 0.23% | 7.91% | 8.75% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
JLPSX vs. QQQ - Drawdown Comparison
The maximum JLPSX drawdown since its inception was -50.64%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for JLPSX and QQQ. For additional features, visit the drawdowns tool.
Volatility
JLPSX vs. QQQ - Volatility Comparison
The current volatility for JPMorgan U.S. Large Cap Core Plus Fund (JLPSX) is 2.57%, while Invesco QQQ (QQQ) has a volatility of 3.68%. This indicates that JLPSX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.