LRGF vs. JQUA

Last updated Jun 4, 2026

LRGF (iShares MSCI USA Multifactor ETF) and JQUA (JPMorgan U.S. Quality Factor ETF) are both exchange-traded funds - LRGF is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multi-Factor, while JQUA is a Large Cap Growth Equities fund tracking the JP Morgan US Quality Factor Index. Both are passively managed. Over the past 5 years, LRGF returned 13.83%/yr vs 13.95%/yr for JQUA. Their correlation of 0.89 suggests significant overlap in exposure. LRGF charges 0.20%/yr vs 0.12%/yr for JQUA.

Performance

LRGF vs. JQUA - Performance Comparison

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

Returns By Period

In the year-to-date period, LRGF achieves a 10.50% return, which is significantly lower than JQUA's 14.28% return.

LRGF

• 1D: -0.71%
• 1M: 6.20%
• YTD: 10.50%
• 6M: 10.60%
• 1Y: 24.87%
• 3Y*: 22.80%
• 5Y*: 13.83%
• 10Y*: 14.03%

JQUA

• 1D: -0.17%
• 1M: 8.34%
• YTD: 14.28%
• 6M: 14.37%
• 1Y: 22.93%
• 3Y*: 20.58%
• 5Y*: 13.95%
• 10Y*: —

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

LRGF vs. JQUA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LRGF iShares MSCI USA Multifactor ETF	10.50%	16.48%	26.59%	25.85%	-14.77%	25.01%	11.11%	26.11%	-9.66%	3.18%
JQUA JPMorgan U.S. Quality Factor ETF	14.28%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	28.47%	-2.98%	5.07%

Correlation

The correlation between LRGF and JQUA 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 (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.89

The correlation between LRGF and JQUA has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.

LRGF vs. JQUA - Sectors Allocation Comparison

Sectors	LRGF	JQUA
Technology	35.6%	41.9%
Financial Services	12.5%	10.2%
Consumer Cyclical	11.2%	9.2%
Healthcare	9.1%	7.2%
Communication Services	8.2%	5.5%
Industrials	8.1%	7.6%
Consumer Defensive	6.0%	5.3%
Energy	3.7%	3.2%
Utilities	2.3%	2.3%
Basic Materials	2.0%	0.8%
Real Estate	1.3%	2.1%

Return for Risk

LRGF vs. JQUA — Risk / Return Rank

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

LRGF

LRGF Risk / Return Rank: 60
LRGF Sharpe Ratio Rank: 60
LRGF Sortino Ratio Rank: 60
LRGF Omega Ratio Rank: 60
LRGF Calmar Ratio Rank: 56
LRGF Martin Ratio Rank: 63

JQUA

JQUA Risk / Return Rank: 63
JQUA Sharpe Ratio Rank: 60
JQUA Sortino Ratio Rank: 61
JQUA Omega Ratio Rank: 56
JQUA Calmar Ratio Rank: 64
JQUA 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.

LRGF vs. JQUA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Multifactor ETF (LRGF) and JPMorgan U.S. Quality Factor ETF (JQUA). 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.

	LRGF	JQUA	Difference
Sharpe ratio Return per unit of total volatility	2.08	2.06	+0.02
Sortino ratio Return per unit of downside risk	2.86	2.94	-0.08
Omega ratio Gain probability vs. loss probability	1.37	1.35	+0.02
Calmar ratio Return relative to maximum drawdown	2.80	3.23	-0.43
Martin ratio Return relative to average drawdown	11.62	13.63	-2.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LRGF vs. JQUA - Sharpe Ratio Comparison

The current LRGF Sharpe Ratio is 2.08, which is comparable to the JQUA Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of LRGF and JQUA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LRGF	JQUA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.06	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.90	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.83	-0.14

Drawdowns

LRGF vs. JQUA - Drawdown Comparison

The maximum LRGF drawdown since its inception was -36.03%, which is greater than JQUA's maximum drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for LRGF and JQUA.

Drawdown Indicators

	LRGF	JQUA	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-32.92%	-3.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-7.13%	-1.79%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-16.81%	-2.63%
Max Drawdown (5Y) Largest decline over 5 years	-21.62%	-22.47%	+0.85%
Max Drawdown (10Y) Largest decline over 10 years	-36.03%	—	—
Current Drawdown Current decline from peak	-0.71%	-0.17%	-0.54%
Average Drawdown Average peak-to-trough decline	-4.54%	-4.16%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	1.69%	+0.45%

Volatility

LRGF vs. JQUA - Volatility Comparison

iShares MSCI USA Multifactor ETF (LRGF) and JPMorgan U.S. Quality Factor ETF (JQUA) have volatilities of 2.92% and 2.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LRGF	JQUA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.84%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	8.31%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	11.21%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	15.61%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.31%	17.99%	+0.32%

LRGF vs. JQUA - Expense Ratio Comparison

LRGF has a 0.20% expense ratio, which is higher than JQUA's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

LRGF vs. JQUA - Dividend Comparison

LRGF's dividend yield for the trailing twelve months is around 1.06%, which matches JQUA's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JQUA JPMorgan U.S. Quality Factor ETF	1.07%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%	0.00%	0.00%
LRGF iShares MSCI USA Multifactor ETF	1.06%	1.16%	1.23%	1.49%	1.78%	1.05%	1.35%	1.76%	3.27%	1.68%	1.56%	0.83%

Frequently Asked Questions

Can I hold both LRGF and JQUA in my portfolio?

With a correlation of 0.91, LRGF and JQUA 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, LRGF or JQUA?

LRGF has higher volatility (2.92%) compared to JQUA (2.84%). In terms of maximum drawdown, LRGF dropped -36.03% vs JQUA's -32.92%.

Which ETF is better, LRGF or JQUA?

On 5-year performance, JQUA leads with 13.95% vs 13.83% for LRGF. On fees, JQUA is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LRGF or JQUA?

Over the 5-year period, JQUA has performed better with a 13.95% return vs 13.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LRGF or JQUA?

JQUA is cheaper with a 0.12% expense ratio, compared with 0.20% for LRGF.

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

LRGF and JQUA have nearly identical dividend yields, around 1.06%.

What is the main difference between LRGF and JQUA?

LRGF is categorized as Large Cap Blend Equities, while JQUA is Large Cap Growth Equities. LRGF tracks MSCI USA Diversified Multi-Factor, while JQUA tracks JP Morgan US Quality Factor Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for LRGF and 0.12% for JQUA.

Which has better risk-adjusted returns?

LRGF currently has the higher Sharpe Ratio (2.08 vs 2.06), 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.