JQUA vs. PSET

Last updated Jul 14, 2026

JQUA (JPMorgan U.S. Quality Factor ETF) and PSET (Principal Quality ETF) are both exchange-traded funds - JQUA is a Large Cap Blend Equities fund tracking the JP Morgan US Quality Factor Index, while PSET is a Large Cap Growth Equities fund tracking the NASDAQ US Price Setters. Both are passively managed. Over the past 5 years, JQUA returned 13.24%/yr vs 8.23%/yr for PSET. A 0.79 correlation means they provide meaningful diversification when combined. JQUA charges 0.12%/yr vs 0.15%/yr for PSET.

Performance

JQUA vs. PSET - Performance Comparison

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

Returns By Period

In the year-to-date period, JQUA achieves a 14.82% return, which is significantly higher than PSET's 1.11% return.

JQUA

• 1D: -0.46%
• 1M: 1.89%
• 6M: 12.32%
• YTD: 14.82%
• 1Y: 21.62%
• 3Y*: 18.70%
• 5Y*: 13.24%
• 10Y*: —

PSET

• 1D: -0.20%
• 1M: 2.56%
• 6M: -0.85%
• YTD: 1.11%
• 1Y: 4.94%
• 3Y*: 11.29%
• 5Y*: 8.23%
• 10Y*: 12.49%

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

JQUA vs. PSET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JQUA JPMorgan U.S. Quality Factor ETF	14.82%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	28.47%	-2.98%	5.07%
PSET Principal Quality ETF	1.11%	7.27%	17.65%	24.07%	-16.52%	29.59%	16.20%	34.85%	-2.29%	4.53%

Correlation

The correlation between JQUA and PSET is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017	0.79

The correlation between JQUA and PSET shifts across timeframes, from 0.79 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.

JQUA vs. PSET - Sectors Allocation Comparison

Sectors	JQUA	PSET
Technology	39.6%	38.5%
Financial Services	12.3%	13.8%
Consumer Cyclical	9.5%	5.5%
Healthcare	8.7%	10.8%
Industrials	8.3%	19.0%
Consumer Defensive	5.4%	1.1%
Communication Services	5.3%	6.6%
Energy	3.3%	1.4%
Utilities	2.2%	-
Real Estate	2.2%	-
Basic Materials	1.8%	3.3%

Return for Risk

JQUA vs. PSET — Risk / Return Rank

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

JQUA

JQUA Risk / Return Rank: 73
JQUA Sharpe Ratio Rank: 71
JQUA Sortino Ratio Rank: 70
JQUA Omega Ratio Rank: 66
JQUA Calmar Ratio Rank: 75
JQUA Martin Ratio Rank: 81

PSET

PSET Risk / Return Rank: 15
PSET Sharpe Ratio Rank: 16
PSET Sortino Ratio Rank: 15
PSET Omega Ratio Rank: 15
PSET Calmar Ratio Rank: 15
PSET Martin Ratio Rank: 17

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.

JQUA vs. PSET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Quality Factor ETF (JQUA) and Principal Quality ETF (PSET). 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	PSET	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.39	+1.42
Sortino ratio: Return per unit of downside risk	2.55	0.62	+1.93
Omega ratio: Gain probability vs. loss probability	1.31	1.07	+0.24
Calmar ratio: Return relative to maximum drawdown	3.05	0.38	+2.66
Martin ratio: Return relative to average drawdown	12.44	1.25	+11.19

JQUA vs. PSET - Sharpe Ratio Comparison

The current JQUA Sharpe Ratio is 1.81, which is higher than the PSET Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of JQUA and PSET, 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. PSET - Drawdown Comparison

The maximum JQUA drawdown since its inception was -32.92%, smaller than the maximum PSET drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for JQUA and PSET.

Drawdown Indicators

	JQUA	PSET	Difference
Max Drawdown Largest peak-to-trough decline	-32.92%	-34.74%	+1.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-12.94%	+5.81%
Max Drawdown (3Y) Largest decline over 3 years	-16.81%	-21.96%	+5.15%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	-25.61%	+3.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.74%	—
Current Drawdown Current decline from peak	-0.46%	-1.03%	+0.57%
Average Drawdown Average peak-to-trough decline	-4.13%	-4.57%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	3.95%	-2.21%

Volatility

JQUA vs. PSET - Volatility Comparison

JPMorgan U.S. Quality Factor ETF (JQUA) has a higher volatility of 4.37% compared to Principal Quality ETF (PSET) at 3.43%. This indicates that JQUA's price experiences larger fluctuations and is considered to be riskier than PSET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JQUA	PSET	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	3.43%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	10.22%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	12.91%	-0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	17.59%	-1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	18.10%	-0.13%

JQUA vs. PSET - Expense Ratio Comparison

JQUA has a 0.12% expense ratio, which is lower than PSET's 0.15% 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

JQUA vs. PSET - Dividend Comparison

JQUA's dividend yield for the trailing twelve months is around 1.08%, more than PSET's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JQUA JPMorgan U.S. Quality Factor ETF	1.08%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%	0.00%
PSET Principal Quality ETF	0.70%	0.59%	0.69%	0.85%	1.47%	0.89%	1.09%	1.52%	1.33%	1.02%	1.26%

Frequently Asked Questions

Can I hold both JQUA and PSET in my portfolio?

JQUA and PSET have a correlation of 0.88, 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 PSET?

JQUA has higher volatility (4.37%) compared to PSET (3.43%). In terms of maximum drawdown, JQUA dropped -32.92% vs PSET's -34.74%.

Which ETF is better, JQUA or PSET?

On 5-year performance, JQUA leads with 13.24% vs 8.23% for PSET. On fees, JQUA is cheaper at 0.12% per year. On volatility, PSET has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JQUA or PSET?

Over the 5-year period, JQUA has performed better with a 13.24% return vs 8.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JQUA or PSET?

JQUA is cheaper with a 0.12% expense ratio, compared with 0.15% for PSET.

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

JQUA has the higher dividend yield at 1.08%, compared with 0.70% for PSET.

What is the main difference between JQUA and PSET?

JQUA is categorized as Large Cap Blend Equities, while PSET is Large Cap Growth Equities. JQUA tracks JP Morgan US Quality Factor Index, while PSET tracks NASDAQ US Price Setters. They also come from different issuers: JPMorgan and Principal. Their fees differ too: 0.12% for JQUA and 0.15% for PSET.

Which has better risk-adjusted returns?

JQUA currently has the higher Sharpe Ratio (1.81 vs 0.39), 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.