JQUA vs. VFQY
Compare and contrast key facts about JPMorgan U.S. Quality Factor ETF (JQUA) and Vanguard U.S. Quality Factor ETF (VFQY).
JQUA and VFQY 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. VFQY is an actively managed fund by Vanguard. It was launched on Feb 13, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JQUA or VFQY.
Key characteristics
| JQUA | VFQY | |
|---|---|---|
| YTD Return | 5.21% | 3.51% |
| 1Y Return | 23.70% | 26.24% |
| 3Y Return (Ann) | 9.83% | 5.29% |
| 5Y Return (Ann) | 13.47% | 11.13% |
| Sharpe Ratio | 2.04 | 1.85 |
| Daily Std Dev | 11.21% | 13.72% |
| Max Drawdown | -32.92% | -37.41% |
| Current Drawdown | -4.97% | -4.68% |
Correlation
The correlation between JQUA and VFQY is 0.86, 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
JQUA vs. VFQY - Performance Comparison
In the year-to-date period, JQUA achieves a 5.21% return, which is significantly higher than VFQY's 3.51% 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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JQUA vs. VFQY - Expense Ratio Comparison
JQUA has a 0.12% expense ratio, which is lower than VFQY's 0.13% 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%.
Risk-Adjusted Performance
JQUA vs. VFQY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Quality Factor ETF (JQUA) and Vanguard U.S. Quality Factor ETF (VFQY). 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. VFQY - Dividend Comparison
JQUA's dividend yield for the trailing twelve months is around 1.19%, less than VFQY's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
JQUA JPMorgan U.S. Quality Factor ETF | 1.19% | 1.22% | 1.60% | 1.32% | 1.44% | 1.67% | 2.10% | 0.40% |
VFQY Vanguard U.S. Quality Factor ETF | 1.34% | 1.38% | 1.43% | 0.98% | 1.22% | 1.34% | 1.31% | 0.00% |
Drawdowns
JQUA vs. VFQY - Drawdown Comparison
The maximum JQUA drawdown since its inception was -32.92%, smaller than the maximum VFQY drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for JQUA and VFQY. For additional features, visit the drawdowns tool.
Volatility
JQUA vs. VFQY - Volatility Comparison
The current volatility for JPMorgan U.S. Quality Factor ETF (JQUA) is 3.58%, while Vanguard U.S. Quality Factor ETF (VFQY) has a volatility of 3.86%. This indicates that JQUA experiences smaller price fluctuations and is considered to be less risky than VFQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.