QGRW vs. JQUA
Compare and contrast key facts about WisdomTree U.S. Quality Growth Fund (QGRW) and JPMorgan U.S. Quality Factor ETF (JQUA).
QGRW and JQUA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Quality Growth Index. It was launched on Dec 15, 2022. 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 QGRW 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: QGRW or JQUA.
Key characteristics
| QGRW | JQUA | |
|---|---|---|
| YTD Return | 21.02% | 17.48% |
| 1Y Return | 34.87% | 27.09% |
| Sharpe Ratio | 1.69 | 2.13 |
| Daily Std Dev | 19.23% | 11.84% |
| Max Drawdown | -14.54% | -32.92% |
| Current Drawdown | -6.01% | 0.00% |
Correlation
The correlation between QGRW and JQUA is 0.85, 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
QGRW vs. JQUA - Performance Comparison
In the year-to-date period, QGRW achieves a 21.02% return, which is significantly higher than JQUA's 17.48% 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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QGRW vs. JQUA - Expense Ratio Comparison
QGRW has a 0.28% expense ratio, which is higher than JQUA's 0.12% expense ratio.
Risk-Adjusted Performance
QGRW vs. JQUA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Quality Growth Fund (QGRW) 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
QGRW vs. JQUA - Dividend Comparison
QGRW's dividend yield for the trailing twelve months is around 0.09%, less than JQUA's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
QGRW WisdomTree U.S. Quality Growth Fund | 0.09% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JQUA JPMorgan U.S. Quality Factor ETF | 1.15% | 1.22% | 1.60% | 1.32% | 1.44% | 1.67% | 2.10% | 0.40% |
Drawdowns
QGRW vs. JQUA - Drawdown Comparison
The maximum QGRW drawdown since its inception was -14.54%, smaller than the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for QGRW and JQUA. For additional features, visit the drawdowns tool.
Volatility
QGRW vs. JQUA - Volatility Comparison
WisdomTree U.S. Quality Growth Fund (QGRW) has a higher volatility of 6.32% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 3.50%. This indicates that QGRW'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.