JTEK vs. QQQ
Compare and contrast key facts about JPMorgan U.S. Tech Leaders ETF (JTEK) and Invesco QQQ (QQQ).
JTEK and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JTEK is an actively managed fund by JPMorgan. It was launched on Oct 4, 2023. 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: JTEK or QQQ.
Correlation
The correlation between JTEK and QQQ is 0.87, 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
JTEK vs. QQQ - Performance Comparison
Key characteristics
JTEK:
0.40
QQQ:
0.49
JTEK:
0.76
QQQ:
0.85
JTEK:
1.10
QQQ:
1.12
JTEK:
0.43
QQQ:
0.54
JTEK:
1.36
QQQ:
1.86
JTEK:
9.62%
QQQ:
6.59%
JTEK:
32.51%
QQQ:
25.26%
JTEK:
-30.61%
QQQ:
-82.98%
JTEK:
-19.35%
QQQ:
-13.25%
Returns By Period
In the year-to-date period, JTEK achieves a -9.33% return, which is significantly lower than QQQ's -8.45% return.
JTEK
-9.33%
-6.18%
-2.17%
10.39%
N/A
N/A
QQQ
-8.45%
-5.29%
-4.78%
10.24%
17.72%
16.49%
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JTEK vs. QQQ - Expense Ratio Comparison
JTEK has a 0.65% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
JTEK vs. QQQ — Risk-Adjusted Performance Rank
JTEK
QQQ
JTEK vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Tech Leaders ETF (JTEK) 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
JTEK vs. QQQ - Dividend Comparison
JTEK has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JTEK JPMorgan U.S. Tech Leaders ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.64% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
JTEK vs. QQQ - Drawdown Comparison
The maximum JTEK drawdown since its inception was -30.61%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for JTEK and QQQ. For additional features, visit the drawdowns tool.
Volatility
JTEK vs. QQQ - Volatility Comparison
JPMorgan U.S. Tech Leaders ETF (JTEK) has a higher volatility of 18.83% compared to Invesco QQQ (QQQ) at 16.89%. This indicates that JTEK's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.