JPGSX vs. QQQ
Compare and contrast key facts about JPMorgan U.S. GARP Equity Fund (JPGSX) and Invesco QQQ (QQQ).
JPGSX is managed by JPMorgan Chase. It was launched on Feb 28, 2003. 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: JPGSX or QQQ.
Key characteristics
| JPGSX | QQQ | |
|---|---|---|
| YTD Return | 34.31% | 26.09% |
| 1Y Return | 46.57% | 39.88% |
| 3Y Return (Ann) | 3.69% | 9.90% |
| 5Y Return (Ann) | 9.45% | 21.46% |
| 10Y Return (Ann) | 9.28% | 18.52% |
| Sharpe Ratio | 2.81 | 2.22 |
| Sortino Ratio | 3.64 | 2.92 |
| Omega Ratio | 1.52 | 1.40 |
| Calmar Ratio | 1.80 | 2.86 |
| Martin Ratio | 15.41 | 10.44 |
| Ulcer Index | 2.95% | 3.72% |
| Daily Std Dev | 16.21% | 17.47% |
| Max Drawdown | -53.17% | -82.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between JPGSX and QQQ is 0.93, 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
JPGSX vs. QQQ - Performance Comparison
In the year-to-date period, JPGSX achieves a 34.31% return, which is significantly higher than QQQ's 26.09% return. Over the past 10 years, JPGSX has underperformed QQQ with an annualized return of 9.28%, while QQQ has yielded a comparatively higher 18.52% 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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JPGSX vs. QQQ - Expense Ratio Comparison
JPGSX has a 0.59% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
JPGSX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. GARP Equity Fund (JPGSX) 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
JPGSX vs. QQQ - Dividend Comparison
JPGSX's dividend yield for the trailing twelve months is around 0.23%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPGSX JPMorgan U.S. GARP Equity Fund | 0.23% | 0.31% | 0.30% | 0.17% | 1.01% | 0.82% | 0.93% | 0.63% | 0.90% | 0.05% | 0.53% | 0.69% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
JPGSX vs. QQQ - Drawdown Comparison
The maximum JPGSX drawdown since its inception was -53.17%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for JPGSX and QQQ. For additional features, visit the drawdowns tool.
Volatility
JPGSX vs. QQQ - Volatility Comparison
The current volatility for JPMorgan U.S. GARP Equity Fund (JPGSX) is 4.88%, while Invesco QQQ (QQQ) has a volatility of 5.17%. This indicates that JPGSX 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.