JTEK vs. QQQM
Compare and contrast key facts about JPMorgan U.S. Tech Leaders ETF (JTEK) and Invesco NASDAQ 100 ETF (QQQM).
JTEK and QQQM 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JTEK or QQQM.
Correlation
The correlation between JTEK and QQQM 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. QQQM - Performance Comparison
Key characteristics
JTEK:
0.36
QQQM:
0.48
JTEK:
0.70
QQQM:
0.83
JTEK:
1.09
QQQM:
1.12
JTEK:
0.38
QQQM:
0.53
JTEK:
1.20
QQQM:
1.80
JTEK:
9.69%
QQQM:
6.63%
JTEK:
32.53%
QQQM:
24.98%
JTEK:
-30.61%
QQQM:
-35.05%
JTEK:
-18.35%
QQQM:
-12.26%
Returns By Period
In the year-to-date period, JTEK achieves a -8.21% return, which is significantly lower than QQQM's -7.40% return.
JTEK
-8.21%
-1.99%
-1.78%
12.18%
N/A
N/A
QQQM
-7.40%
-2.44%
-4.26%
12.09%
N/A
N/A
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JTEK vs. QQQM - Expense Ratio Comparison
JTEK has a 0.65% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
JTEK vs. QQQM — Risk-Adjusted Performance Rank
JTEK
QQQM
JTEK vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Tech Leaders ETF (JTEK) and Invesco NASDAQ 100 ETF (QQQM). 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. QQQM - Dividend Comparison
JTEK has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
JTEK JPMorgan U.S. Tech Leaders ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.64% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
JTEK vs. QQQM - Drawdown Comparison
The maximum JTEK drawdown since its inception was -30.61%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for JTEK and QQQM. For additional features, visit the drawdowns tool.
Volatility
JTEK vs. QQQM - Volatility Comparison
JPMorgan U.S. Tech Leaders ETF (JTEK) has a higher volatility of 18.65% compared to Invesco NASDAQ 100 ETF (QQQM) at 16.54%. This indicates that JTEK's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.