JQUA vs. GQI

Last updated Aug 4, 2026

JQUA (JPMorgan U.S. Quality Factor ETF) and GQI (Natixis Gateway Quality Income ETF) are both Quality Factor funds. JQUA is passively managed, while GQI is actively managed. Over the past year, JQUA returned 23.18% vs 23.37% for GQI. Their correlation of 0.87 means they have usually moved in the same direction. JQUA charges 0.12%/yr vs 0.34%/yr for GQI.

Performance

JQUA vs. GQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Quality Factor ETF (JQUA) and Natixis Gateway Quality Income ETF (GQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JQUA achieves a 15.84% return, which is significantly higher than GQI's 10.75% return.

JQUA

• 1D: 0.79%
• 1M: 1.13%
• 6M: 13.59%
• YTD: 15.84%
• 1Y: 23.18%
• 3Y*: 19.27%
• 5Y*: 12.98%
• 10Y*: —
• ALL TIME*: 14.80%

GQI

• 1D: 0.85%
• 1M: 2.38%
• 6M: 8.32%
• YTD: 10.75%
• 1Y: 23.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.77%

*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)
GQI Natixis Gateway Quality Income ETF	$949.20K	$1.01M	$2.07M
JQUA JPMorgan U.S. Quality Factor ETF	$27.54M	$28.89M	$36.27M

JQUA vs. GQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JQUA JPMorgan U.S. Quality Factor ETF	15.84%	11.69%	21.21%	2.39%
GQI Natixis Gateway Quality Income ETF	10.75%	15.36%	15.99%	1.60%

Correlation

The correlation between JQUA and GQI is 0.85, 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.	0.85
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.87

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

JQUA vs. GQI - Sectors Allocation Comparison

Sectors	JQUA	GQI
Technology	41.0%	37.9%
Financial Services	12.0%	9.9%
Consumer Cyclical	9.5%	11.0%
Industrials	8.9%	8.3%
Healthcare	8.8%	10.9%
Communication Services	6.2%	10.3%
Consumer Defensive	5.2%	6.1%
Energy	3.3%	3.9%
Real Estate	2.2%	0.4%
Basic Materials	1.7%	0.7%
Utilities	1.2%	0.6%

Return for Risk

JQUA vs. GQI — Risk / Return Rank

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

JQUA

JQUA Risk / Return Rank: 83
JQUA Sharpe Ratio Rank: 82
JQUA Sortino Ratio Rank: 82
JQUA Omega Ratio Rank: 79
JQUA Calmar Ratio Rank: 85
JQUA Martin Ratio Rank: 88

GQI

GQI Risk / Return Rank: 90
GQI Sharpe Ratio Rank: 90
GQI Sortino Ratio Rank: 91
GQI Omega Ratio Rank: 90
GQI Calmar Ratio Rank: 84
GQI Martin Ratio Rank: 93

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.

JQUA vs. GQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Quality Factor ETF (JQUA) and Natixis Gateway Quality Income ETF (GQI). 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.

	JQUA	GQI	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.37	-0.43
Sortino ratio: Return per unit of downside risk	2.73	3.33	-0.60
Omega ratio: Gain probability vs. loss probability	1.34	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	3.27	3.37	-0.11
Martin ratio: Return relative to average drawdown	13.35	17.52	-4.17

JQUA vs. GQI - Sharpe Ratio Comparison

The current JQUA Sharpe Ratio is 1.94, which is comparable to the GQI Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of JQUA and GQI, 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

JQUA vs. GQI - Drawdown Comparison

The maximum JQUA drawdown since its inception was -32.92%, which is greater than GQI's maximum drawdown of -16.56%. Use the drawdown chart below to compare losses from any high point for JQUA and GQI.

Drawdown Indicators

	JQUA	GQI	Difference
Max Drawdown Largest peak-to-trough decline	-32.92%	-16.56%	-16.36%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-6.96%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-16.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.10%	-1.61%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.34%	+0.40%

Volatility

JQUA vs. GQI - Volatility Comparison

The current volatility for JPMorgan U.S. Quality Factor ETF (JQUA) is 2.46%, while Natixis Gateway Quality Income ETF (GQI) has a volatility of 2.60%. This indicates that JQUA experiences smaller price fluctuations and is considered to be less risky than GQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JQUA	GQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	2.60%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	9.45%	7.67%	+1.78%
Volatility (1Y) Calculated over the trailing 1-year period	12.01%	9.93%	+2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.73%	13.00%	+2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	13.00%	+4.92%

JQUA vs. GQI - Expense Ratio Comparison

JQUA has a 0.12% expense ratio, which is lower than GQI's 0.34% expense ratio.

Dividends

JQUA vs. GQI - Dividend Comparison

JQUA's dividend yield for the trailing twelve months is around 1.07%, less than GQI's 8.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GQI Natixis Gateway Quality Income ETF	8.71%	8.97%	7.77%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JQUA JPMorgan U.S. Quality Factor ETF	1.07%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%

Frequently Asked Questions

Can I hold both JQUA and GQI in my portfolio?

JQUA and GQI 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, JQUA or GQI?

GQI has higher volatility (2.60%) compared to JQUA (2.46%). In terms of maximum drawdown, JQUA dropped -32.92% vs GQI's -16.56%.

Which ETF is better, JQUA or GQI?

On 1-year performance, GQI leads with 23.37% vs 23.18% for JQUA. On fees, JQUA is cheaper at 0.12% per year. On volatility, JQUA has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JQUA or GQI?

Over the 1-year period, GQI has performed better with a 23.37% return vs 23.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JQUA or GQI?

JQUA is cheaper with a 0.12% expense ratio, compared with 0.34% for GQI.

Which ETF pays a higher dividend yield, JQUA or GQI?

GQI has the higher dividend yield at 8.71%, compared with 1.07% for JQUA.

What is the main difference between JQUA and GQI?

They also come from different issuers: JPMorgan and Natixis. Their fees differ too: 0.12% for JQUA and 0.34% for GQI.

Which has better risk-adjusted returns?

GQI currently has the higher Sharpe Ratio (2.37 vs 1.94), 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.