JMOM vs. QQQA

Last updated Jun 4, 2026

JMOM (JPMorgan U.S. Momentum Factor ETF) and QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) are both exchange-traded funds - JMOM is a Momentum fund tracking the JP Morgan US Momentum Factor Index, while QQQA is a Nasdaq-100 fund tracking the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. Both are passively managed. Over the past 5 years, JMOM returned 16.28%/yr vs 14.74%/yr for QQQA. Their correlation of 0.87 suggests significant overlap in exposure. JMOM charges 0.12%/yr vs 0.58%/yr for QQQA.

Performance

JMOM vs. QQQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Momentum Factor ETF (JMOM) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMOM achieves a 22.79% return, which is significantly lower than QQQA's 65.37% return.

JMOM

• 1D: -0.17%
• 1M: 9.35%
• YTD: 22.79%
• 6M: 22.27%
• 1Y: 36.77%
• 3Y*: 28.37%
• 5Y*: 16.28%
• 10Y*: —

QQQA

• 1D: 2.20%
• 1M: 23.31%
• YTD: 65.37%
• 6M: 67.98%
• 1Y: 88.43%
• 3Y*: 34.58%
• 5Y*: 14.74%
• 10Y*: —

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

JMOM vs. QQQA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JMOM JPMorgan U.S. Momentum Factor ETF	22.79%	18.02%	28.47%	22.89%	-20.83%	19.47%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	65.37%	9.87%	16.17%	24.98%	-29.08%	8.43%

Correlation

The correlation between JMOM and QQQA is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 21, 2021	0.87

The correlation between JMOM and QQQA has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

JMOM vs. QQQA - Sectors Allocation Comparison

Sectors	JMOM	QQQA
Technology	38.1%	65.2%
Industrials	12.8%	-
Financial Services	9.6%	-
Healthcare	8.7%	7.8%
Communication Services	8.3%	13.7%
Consumer Cyclical	6.9%	4.2%
Consumer Defensive	5.7%	-
Energy	3.8%	9.1%
Real Estate	2.5%	-
Utilities	2.3%	-
Basic Materials	1.3%	-

Return for Risk

JMOM vs. QQQA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMOM

JMOM Risk / Return Rank: 81
JMOM Sharpe Ratio Rank: 78
JMOM Sortino Ratio Rank: 77
JMOM Omega Ratio Rank: 74
JMOM Calmar Ratio Rank: 85
JMOM Martin Ratio Rank: 91

QQQA

QQQA Risk / Return Rank: 90
QQQA Sharpe Ratio Rank: 92
QQQA Sortino Ratio Rank: 87
QQQA Omega Ratio Rank: 87
QQQA Calmar Ratio Rank: 92
QQQA Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JMOM vs. QQQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Momentum Factor ETF (JMOM) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). 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.

	JMOM	QQQA	Difference
Sharpe ratio: Return per unit of total volatility	2.58	3.41	-0.83
Sortino ratio: Return per unit of downside risk	3.54	4.00	-0.45
Omega ratio: Gain probability vs. loss probability	1.45	1.54	-0.09
Calmar ratio: Return relative to maximum drawdown	4.69	6.11	-1.42
Martin ratio: Return relative to average drawdown	22.24	22.85	-0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMOM vs. QQQA - Sharpe Ratio Comparison

The current JMOM Sharpe Ratio is 2.58, which is comparable to the QQQA Sharpe Ratio of 3.41. The chart below compares the historical Sharpe Ratios of JMOM and QQQA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JMOM	QQQA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	3.41	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.57	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.59	+0.23

Drawdowns

JMOM vs. QQQA - Drawdown Comparison

The maximum JMOM drawdown since its inception was -34.31%, smaller than the maximum QQQA drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for JMOM and QQQA.

Drawdown Indicators

	JMOM	QQQA	Difference
Max Drawdown Largest peak-to-trough decline	-34.31%	-38.44%	+4.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-14.54%	+6.67%
Max Drawdown (3Y) Largest decline over 3 years	-19.51%	-30.84%	+11.33%
Max Drawdown (5Y) Largest decline over 5 years	-28.26%	-38.44%	+10.18%
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-6.32%	-15.68%	+9.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	3.88%	-2.22%

Volatility

JMOM vs. QQQA - Volatility Comparison

The current volatility for JPMorgan U.S. Momentum Factor ETF (JMOM) is 4.62%, while ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a volatility of 10.17%. This indicates that JMOM experiences smaller price fluctuations and is considered to be less risky than QQQA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMOM	QQQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	10.17%	-5.55%
Volatility (6M) Calculated over the trailing 6-month period	11.55%	22.18%	-10.63%
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	26.05%	-11.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	25.83%	-7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.13%	25.77%	-5.64%

JMOM vs. QQQA - Expense Ratio Comparison

JMOM has a 0.12% expense ratio, which is lower than QQQA's 0.58% expense ratio.

Dividends

JMOM vs. QQQA - Dividend Comparison

JMOM's dividend yield for the trailing twelve months is around 0.71%, more than QQQA's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMOM JPMorgan U.S. Momentum Factor ETF	0.71%	0.86%	0.75%	1.21%	1.39%	0.64%	0.85%	1.11%	1.38%	0.29%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.06%	0.10%	0.09%	0.34%	0.28%	0.10%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JMOM and QQQA in my portfolio?

JMOM and QQQA have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMOM or QQQA?

QQQA has higher volatility (10.17%) compared to JMOM (4.62%). In terms of maximum drawdown, JMOM dropped -34.31% vs QQQA's -38.44%.

Which ETF is better, JMOM or QQQA?

On 5-year performance, JMOM leads with 16.28% vs 14.74% for QQQA. On fees, JMOM is cheaper at 0.12% per year. On volatility, JMOM has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMOM or QQQA?

Over the 5-year period, JMOM has performed better with a 16.28% return vs 14.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMOM or QQQA?

JMOM is cheaper with a 0.12% expense ratio, compared with 0.58% for QQQA.

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

JMOM has the higher dividend yield at 0.71%, compared with 0.06% for QQQA.

What is the main difference between JMOM and QQQA?

JMOM is categorized as Momentum, while QQQA is Nasdaq-100. JMOM tracks JP Morgan US Momentum Factor Index, while QQQA tracks NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.12% for JMOM and 0.58% for QQQA.

Which has better risk-adjusted returns?

QQQA currently has the higher Sharpe Ratio (3.41 vs 2.58), 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.