JTEK vs. QQQ

Last updated Jun 23, 2026

JTEK (JPMorgan U.S. Tech Leaders ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - JTEK is a Technology Equities fund actively managed by JPMorgan, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. JTEK is actively managed, while QQQ is passively managed. Over the past year, JTEK returned 38.34% vs 40.91% for QQQ. Their correlation of 0.92 suggests significant overlap in exposure. JTEK charges 0.65%/yr vs 0.18%/yr for QQQ.

Performance

JTEK vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Tech Leaders ETF (JTEK) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JTEK achieves a 22.06% return, which is significantly higher than QQQ's 20.41% return.

JTEK

• 1D: 0.78%
• 1M: 5.70%
• YTD: 22.06%
• 6M: 19.56%
• 1Y: 38.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -0.25%
• 1M: 2.96%
• YTD: 20.41%
• 6M: 19.46%
• 1Y: 40.91%
• 3Y*: 27.47%
• 5Y*: 16.94%
• 10Y*: 22.48%

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

JTEK vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JTEK JPMorgan U.S. Tech Leaders ETF	22.06%	19.03%	28.69%	18.31%
QQQ Invesco QQQ ETF	20.41%	20.77%	25.58%	14.12%

Correlation

The correlation between JTEK and QQQ is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Oct 5, 2023	0.92

The correlation between JTEK and QQQ has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

JTEK vs. QQQ - Sectors Allocation Comparison

Sectors	JTEK	QQQ
Technology	71.5%	58.7%
Communication Services	10.3%	14.3%
Consumer Cyclical	5.4%	11.4%
Financial Services	4.1%	0.2%
Industrials	3.5%	2.6%
Healthcare	1.4%	3.7%
Real Estate	1.0%	0.1%
Energy	0.3%	0.5%
Basic Materials	-	1.0%
Consumer Defensive	-	6.4%
Utilities	-	1.2%

Return for Risk

JTEK vs. QQQ — Risk / Return Rank

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

JTEK

JTEK Risk / Return Rank: 38
JTEK Sharpe Ratio Rank: 43
JTEK Sortino Ratio Rank: 39
JTEK Omega Ratio Rank: 38
JTEK Calmar Ratio Rank: 36
JTEK Martin Ratio Rank: 34

QQQ

QQQ Risk / Return Rank: 72
QQQ Sharpe Ratio Rank: 76
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 72
QQQ Calmar Ratio Rank: 70
QQQ Martin Ratio Rank: 71

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.

JTEK vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Tech Leaders ETF (JTEK) and Invesco QQQ ETF (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.

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.

	JTEK	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.33	-0.87
Sortino ratio: Return per unit of downside risk	1.94	3.03	-1.09
Omega ratio: Gain probability vs. loss probability	1.25	1.41	-0.16
Calmar ratio: Return relative to maximum drawdown	1.75	3.44	-1.69
Martin ratio: Return relative to average drawdown	5.02	12.79	-7.77

JTEK vs. QQQ - Sharpe Ratio Comparison

The current JTEK Sharpe Ratio is 1.46, which is lower than the QQQ Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of JTEK and QQQ, 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

JTEK vs. QQQ - Drawdown Comparison

The maximum JTEK drawdown since its inception was -30.61%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for JTEK and QQQ.

Drawdown Indicators

	JTEK	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-30.61%	-82.97%	+52.36%
Max Drawdown (1Y) Largest decline over 1 year	-22.02%	-11.96%	-10.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-1.09%	-0.99%	-0.10%
Average Drawdown Average peak-to-trough decline	-5.57%	-32.73%	+27.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.66%	3.21%	+4.45%

Volatility

JTEK vs. QQQ - Volatility Comparison

JPMorgan U.S. Tech Leaders ETF (JTEK) has a higher volatility of 11.77% compared to Invesco QQQ ETF (QQQ) at 8.47%. 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.

Volatility by Period

	JTEK	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.77%	8.47%	+3.30%
Volatility (6M) Calculated over the trailing 6-month period	21.19%	14.20%	+6.99%
Volatility (1Y) Calculated over the trailing 1-year period	26.48%	17.67%	+8.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.88%	22.64%	+5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.88%	22.43%	+5.45%

JTEK vs. QQQ - Expense Ratio Comparison

JTEK has a 0.65% expense ratio, which is higher than QQQ's 0.18% expense ratio.

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 0.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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 ETF	0.49%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both JTEK and QQQ in my portfolio?

With a correlation of 0.91, JTEK and QQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JTEK or QQQ?

JTEK has higher volatility (11.77%) compared to QQQ (8.47%). In terms of maximum drawdown, JTEK dropped -30.61% vs QQQ's -82.97%.

Which ETF is better, JTEK or QQQ?

On 1-year performance, QQQ leads with 40.91% vs 38.34% for JTEK. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 8.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JTEK or QQQ?

Over the 1-year period, QQQ has performed better with a 40.91% return vs 38.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JTEK or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.65% for JTEK.

Which ETF pays a higher dividend yield, JTEK or QQQ?

QQQ has the higher dividend yield at 0.49%, compared with 0.00% for JTEK.

What is the main difference between JTEK and QQQ?

JTEK is categorized as Technology Equities, while QQQ is Nasdaq-100. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.65% for JTEK and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.33 vs 1.46), 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.