PSET vs. JQUA
Compare and contrast key facts about Principal Quality ETF (PSET) and JPMorgan U.S. Quality Factor ETF (JQUA).
PSET and JQUA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSET is a passively managed fund by Principal that tracks the performance of the NASDAQ US Price Setters. It was launched on Mar 21, 2016. 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. Both PSET and JQUA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSET or JQUA.
Key characteristics
| PSET | JQUA | |
|---|---|---|
| YTD Return | 19.72% | 23.73% |
| 1Y Return | 31.53% | 34.24% |
| 3Y Return (Ann) | 9.00% | 11.24% |
| 5Y Return (Ann) | 14.65% | 15.97% |
| Sharpe Ratio | 2.05 | 3.02 |
| Sortino Ratio | 2.80 | 4.18 |
| Omega Ratio | 1.37 | 1.55 |
| Calmar Ratio | 3.07 | 5.41 |
| Martin Ratio | 11.39 | 18.45 |
| Ulcer Index | 2.73% | 1.85% |
| Daily Std Dev | 15.18% | 11.30% |
| Max Drawdown | -34.74% | -32.92% |
| Current Drawdown | -0.35% | -0.39% |
Correlation
The correlation between PSET and JQUA is 0.77, 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
PSET vs. JQUA - Performance Comparison
In the year-to-date period, PSET achieves a 19.72% return, which is significantly lower than JQUA's 23.73% 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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PSET vs. JQUA - Expense Ratio Comparison
PSET has a 0.15% 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%.
Risk-Adjusted Performance
PSET vs. JQUA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Quality ETF (PSET) 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.
Dividends
PSET vs. JQUA - Dividend Comparison
PSET's dividend yield for the trailing twelve months is around 0.68%, less than JQUA's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
PSET Principal Quality ETF | 0.68% | 0.85% | 1.47% | 0.89% | 1.09% | 1.36% | 1.33% | 1.02% | 1.26% |
JQUA JPMorgan U.S. Quality Factor ETF | 1.15% | 1.22% | 1.59% | 1.32% | 1.44% | 1.67% | 2.10% | 0.39% | 0.00% |
Drawdowns
PSET vs. JQUA - Drawdown Comparison
The maximum PSET drawdown since its inception was -34.74%, which is greater than JQUA's maximum drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for PSET and JQUA. For additional features, visit the drawdowns tool.
Volatility
PSET vs. JQUA - Volatility Comparison
Principal Quality ETF (PSET) has a higher volatility of 4.53% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 3.32%. This indicates that PSET's price experiences larger fluctuations and is considered to be riskier than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.