JMOM vs. QQQ

Last updated Aug 2, 2026

JMOM (JPMorgan U.S. Momentum Factor ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - JMOM is a Momentum fund tracking the JP Morgan US Momentum Factor Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, JMOM returned 13.81%/yr vs 14.23%/yr for QQQ. Their correlation of 0.84 means they have usually moved in the same direction. JMOM charges 0.12%/yr vs 0.18%/yr for QQQ.

Performance

JMOM vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Momentum Factor ETF (JMOM) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMOM achieves a 19.05% return, which is significantly higher than QQQ's 12.26% return.

JMOM

• 1D: 0.32%
• 1M: -2.82%
• 6M: 15.79%
• YTD: 19.05%
• 1Y: 27.58%
• 3Y*: 24.00%
• 5Y*: 13.81%
• 10Y*: —
• ALL TIME*: 15.68%

QQQ

• 1D: 0.65%
• 1M: -3.45%
• 6M: 10.89%
• YTD: 12.26%
• 1Y: 24.81%
• 3Y*: 22.29%
• 5Y*: 14.23%
• 10Y*: 20.44%
• ALL TIME*: 10.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JMOM JPMorgan U.S. Momentum Factor ETF	$17.83M	$12.92M	$9.17M
QQQ Invesco QQQ ETF	$30.32B	$28.40B	$31.45B

JMOM vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMOM JPMorgan U.S. Momentum Factor ETF	19.05%	18.02%	28.47%	22.89%	-20.83%	25.03%	29.25%	28.24%	-5.25%	3.36%
QQQ Invesco QQQ ETF	12.26%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	1.03%

Correlation

The correlation between JMOM and QQQ is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017	0.84

The correlation between JMOM and QQQ has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

JMOM vs. QQQ - Sectors Allocation Comparison

Sectors	JMOM	QQQ
Technology	39.8%	60.9%
Industrials	13.3%	2.7%
Healthcare	9.5%	3.6%
Financial Services	9.2%	0.2%
Consumer Cyclical	7.7%	10.7%
Communication Services	6.5%	13.1%
Consumer Defensive	4.8%	6.3%
Energy	3.2%	0.5%
Real Estate	2.6%	0.1%
Utilities	2.3%	1.1%
Basic Materials	1.2%	1.0%

Return for Risk

JMOM vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JMOM

JMOM Risk / Return Rank: 75
JMOM Sharpe Ratio Rank: 70
JMOM Sortino Ratio Rank: 68
JMOM Omega Ratio Rank: 66
JMOM Calmar Ratio Rank: 85
JMOM Martin Ratio Rank: 86

QQQ

QQQ Risk / Return Rank: 49
QQQ Sharpe Ratio Rank: 47
QQQ Sortino Ratio Rank: 46
QQQ Omega Ratio Rank: 45
QQQ Calmar Ratio Rank: 53
QQQ Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JMOM vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Momentum Factor ETF (JMOM) and Invesco QQQ ETF (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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JMOM	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.16	+0.42
Sortino ratio: Return per unit of downside risk	2.21	1.65	+0.57
Omega ratio: Gain probability vs. loss probability	1.28	1.21	+0.07
Calmar ratio: Return relative to maximum drawdown	3.25	1.88	+1.38
Martin ratio: Return relative to average drawdown	12.11	6.00	+6.11

JMOM vs. QQQ - Sharpe Ratio Comparison

The current JMOM Sharpe Ratio is 1.58, which is higher than the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of JMOM and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JMOM vs. QQQ - Drawdown Comparison

The maximum JMOM drawdown since its inception was -34.31%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for JMOM and QQQ.

Drawdown Indicators

	JMOM	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.31%	-82.97%	+48.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.02%	-11.96%	+3.94%
Max Drawdown (3Y) Largest decline over 3 years	-19.51%	-22.77%	+3.26%
Max Drawdown (5Y) Largest decline over 5 years	-28.26%	-35.12%	+6.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-5.41%	-7.69%	+2.28%
Average Drawdown Average peak-to-trough decline	-6.25%	-32.62%	+26.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	3.74%	-1.59%

Volatility

JMOM vs. QQQ - Volatility Comparison

The current volatility for JPMorgan U.S. Momentum Factor ETF (JMOM) is 5.37%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that JMOM 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.

Volatility by Period

	JMOM	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	6.87%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	14.03%	16.08%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.53%	19.38%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	22.90%	-3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.18%	22.50%	-2.32%

JMOM vs. QQQ - Expense Ratio Comparison

JMOM has a 0.12% expense ratio, which is lower than QQQ's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JMOM vs. QQQ - Dividend Comparison

JMOM's dividend yield for the trailing twelve months is around 0.75%, more than QQQ's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMOM JPMorgan U.S. Momentum Factor ETF	0.75%	0.86%	0.75%	1.21%	1.39%	0.64%	0.85%	1.11%	1.38%	0.29%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.44%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both JMOM and QQQ in my portfolio?

With a correlation of 0.91, JMOM and QQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JMOM or QQQ?

QQQ has higher volatility (6.87%) compared to JMOM (5.37%). In terms of maximum drawdown, JMOM dropped -34.31% vs QQQ's -82.97%.

Which ETF is better, JMOM or QQQ?

On 5-year performance, QQQ leads with 14.23% vs 13.81% for JMOM. On fees, JMOM is cheaper at 0.12% per year. On volatility, JMOM has been the lower-risk option at 5.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMOM or QQQ?

Over the 5-year period, QQQ has performed better with a 14.23% return vs 13.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMOM or QQQ?

JMOM is cheaper with a 0.12% expense ratio, compared with 0.18% for QQQ.

Which ETF pays a higher dividend yield, JMOM or QQQ?

JMOM has the higher dividend yield at 0.75%, compared with 0.44% for QQQ.

What is the main difference between JMOM and QQQ?

JMOM is categorized as Momentum, while QQQ is Nasdaq-100. JMOM tracks JP Morgan US Momentum Factor Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.12% for JMOM and 0.18% for QQQ.

Which has better risk-adjusted returns?

JMOM currently has the higher Sharpe Ratio (1.58 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.