JQUA vs. IVV
Compare and contrast key facts about JPMorgan U.S. Quality Factor ETF (JQUA) and iShares Core S&P 500 ETF (IVV).
JQUA and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JQUA is a passively managed fund by JPMorgan Chase that tracks the performance of the JP Morgan US Quality Factor Index. It was launched on Nov 8, 2017. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both JQUA and IVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JQUA or IVV.
Performance
JQUA vs. IVV - Performance Comparison
Returns By Period
In the year-to-date period, JQUA achieves a 22.06% return, which is significantly lower than IVV's 25.50% return.
JQUA
22.06%
1.10%
11.32%
28.94%
15.55%
N/A
IVV
25.50%
1.17%
12.21%
32.17%
15.57%
13.13%
Key characteristics
| JQUA | IVV | |
|---|---|---|
| Sharpe Ratio | 2.57 | 2.62 |
| Sortino Ratio | 3.56 | 3.51 |
| Omega Ratio | 1.47 | 1.49 |
| Calmar Ratio | 4.58 | 3.79 |
| Martin Ratio | 15.46 | 17.04 |
| Ulcer Index | 1.87% | 1.87% |
| Daily Std Dev | 11.26% | 12.16% |
| Max Drawdown | -32.92% | -55.25% |
| Current Drawdown | -1.73% | -1.35% |
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JQUA vs. IVV - Expense Ratio Comparison
JQUA has a 0.12% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between JQUA and IVV is 0.90, 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.
Risk-Adjusted Performance
JQUA vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Quality Factor ETF (JQUA) and iShares Core S&P 500 ETF (IVV). 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
JQUA vs. IVV - Dividend Comparison
JQUA's dividend yield for the trailing twelve months is around 1.16%, less than IVV's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JQUA JPMorgan U.S. Quality Factor ETF | 1.16% | 1.22% | 1.59% | 1.32% | 1.44% | 1.67% | 2.10% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.25% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
JQUA vs. IVV - Drawdown Comparison
The maximum JQUA drawdown since its inception was -32.92%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for JQUA and IVV. For additional features, visit the drawdowns tool.
Volatility
JQUA vs. IVV - Volatility Comparison
The current volatility for JPMorgan U.S. Quality Factor ETF (JQUA) is 3.51%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.09%. This indicates that JQUA experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.