JEPQ vs QQQ ETF Comparison
Compare JEPQ and QQQ across fund costs, diversification, holdings, performance, income, risk and current AlgovestIQ evidence.
What is the main difference between JEPQ and QQQ?
JEPQ is JPMorgan Nasdaq Equity Premium Income ETF, while QQQ is Invesco QQQ Trust, Series 1. JEPQ is tied to US Equity; QQQ is tied to Equity. QQQ is broader by holdings count, with 102 positions versus 94 for JEPQ. QQQ is more concentrated at the top, based on top-10 holdings weight.
| Metric | JEPQ | QQQ | Type |
|---|---|---|---|
| Expense ratio | 0.35% | 0.18% | Fund |
| Assets under management | $42.4B | $489.6B | Fund |
| Holdings | 94 | 102 | Fund |
| Top-10 concentration | 69.1% | 76% | Fund |
| Average volume | 7,044,790 | 48,821,168 | Fund |
| Underlying exposure | US Equity | Equity | Fund |
| Annualized volatility | 15% | 19.7% | Risk |
| Max drawdown | -10.3% | -12.2% | Risk |
| Beta | 1.04 | 1.43 | Risk |
| Sharpe ratio | 0.33 | 1.07 | Risk |
| Sortino ratio | 0.45 | 1.60 | Risk |
| AIQ Score | 56/100 | 58/100 | AlgovestIQ |
| AIQ Edge Score | 6/10 | 7/10 | AlgovestIQ |
| Momentum | 54/100 | 51/100 | AlgovestIQ |
| Risk Resilience | 80/100 | 74/100 | AlgovestIQ |
AlgovestIQ AIQ Comparison
JPMorgan Nasdaq Equity Premium Income ETF vs Invesco QQQ Trust, Series 1
QQQ leads
QQQ leads by 2 AIQ points, primarily on Quality, but the lead has narrowed from 7 points over 30 sessions.
Fragile: 1 of 4 evidence groups support QQQ, its lead is narrowing, and its current signal state is conflicted.
JPMorgan Nasdaq Equity Premium Income ETF
Invesco QQQ Trust, Series 1
The Algovestiq AIQ Score currently favors QQQ over JEPQ, 58 versus 56 as of Sep 5, 2026. QQQ's advantage is driven primarily by stronger quality, while JEPQ holds the stronger risk resilience profile. QQQ also shows the stronger technical structure relative to its 50-day moving average. 1 of 4 covered evidence groups favor QQQ today, and the comparison is rated Fragile on stability: the AIQ gap is narrow at 2 points. QQQ lead: Weakening — the AIQ differential moved from 7 to 2 points over 30 sessions.
Compare JPMorgan Nasdaq Equity Premium Income ETF and Invesco QQQ Trust, Series 1 across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
Compare JEPQ and QQQ against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Quality30%69 vs 83QQQ +14
- Risk Resilience15%80 vs 74JEPQ +6
- Momentum25%54 vs 51Even
- Value30%31 vs 31Even
1 of 4 evidence groups favor QQQ. QQQ’s edge is concentrated in quality; JEPQ keeps a meaningful risk resilience edge.
What changed since the last close
Latest scored session 2026-09-03, compared against the prior scored session 2026-09-02.
Largest factor move: Momentum +19
New signals
- Uptrend Structure Active — bullish, trend, long horizon
Largest factor move: Momentum +22
New signals
- Uptrend Structure Active — bullish, trend, long horizon
QQQ's lead was unchanged in the latest snapshot.
Deeper signal detail for each name lives on its own signals page — JEPQ and QQQ both carry a full feed there.
The central trade-off
QQQ (Invesco QQQ Trust, Series 1): the stronger current systematic profile, led by quality.
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF): the counter-case, on risk resilience.
Which one fits your objective
The same two names rank differently depending on what you are optimizing for. All six reads are shown at once — none of them is hidden behind a toggle.
Balanced
QQQQQQ on the overall AIQ Score, which weights Quality and Value at 30% each.
Growth
EvenGrowth figures are not covered for both names.
Value
EvenThe two are level on Value.
Momentum
EvenThe two are level on Momentum.
Lower downside
JEPQJEPQ on Risk Resilience, by 6 points.
Analyst upside
EvenAnalyst targets are level or not covered for both names.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | JEPQ | QQQ | Why it matters |
|---|---|---|---|
| Expense ratio | 0.35% | 0.18% | Lower is better — it compounds against you every year you hold. |
| Assets under management | $42.4B | $489.6B | Larger funds generally carry tighter spreads. |
| Holdings | 110 | 103 | More holdings means broader diversification, not better returns. |
| Average volume | 7,044,790 | 48,821,168 | Liquidity — matters most if you trade size. |
| Annualized volatility | 15% | 19.7% | Lower is a steadier ride for the same exposure. |
| Max drawdown | -10.3% | -12.2% | The worst peak-to-trough loss on record for the fund. |
| Sharpe ratio | 0.33 | 1.07 | Return per unit of risk. Higher is better. |
| Beta | 1.04 | 1.43 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
JEPQ and QQQ share 110.49% of their weighted exposure across 73 common holdings.
QQQ is the more concentrated of the two: its ten largest positions are 76.03% of the fund, against 69.11% for JEPQ (102 holdings vs 94). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
21 holdings are unique to JEPQ and 29 to QQQ. Owning both adds little diversification — they are largely the same exposure in different wrappers.
Largest shared positions
| Holding | JEPQ | QQQ | Shared |
|---|---|---|---|
| AAPLAPPLE INC COMMON STOCK | 13.11% | 15.31% | 13.11% |
| MSFTMICROSOFT CORP COMMON | 10.63% | 12.04% | 10.63% |
| MUMICRON TECHNOLOGY INC | 9.19% | 9.47% | 9.19% |
| AMZNAMAZON.COM INC COMMON | 7.95% | 8.85% | 7.95% |
| NVDANVIDIA CORP COMMON STOCK | 7.57% | 8.78% | 7.57% |
| AMDADVANCED MICRO DEVICES | 6.02% | 6.52% | 6.02% |
| WMTWALMART INC COMMON STOCK | 3.39% | 4.64% | 3.39% |
| LRCXLAM RESEARCH CORP COMMON | 3.88% | 3.21% | 3.21% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
ETF comparison questions
Short answers to the fund-specific questions behind this comparison.
Which ETF is more diversified, JEPQ or QQQ?
QQQ currently has more reported holdings, with 102 positions versus 94.
Which has the lower expense ratio?
QQQ has the lower reported expense ratio in the current fund profile.
Which ETF has the higher distribution yield?
The current dataset does not show a higher-yield winner.
Which ETF has been more volatile?
QQQ has the higher annualized volatility in the current risk snapshot.
Which ETF has had the smaller drawdown?
JEPQ has the less severe max drawdown in the current risk snapshot.
Which ETF has the stronger current AlgovestIQ evidence?
QQQ currently leads on supporting AlgovestIQ evidence, 58 to 56.
AIQ Agreement Matrix
1 of 4 covered evidence groups favor QQQ. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Even | 56 vs 58 |
| Fundamentals | Not covered | Not covered |
| Valuation | Even | Value 31 vs 31 |
| Technicals | QQQ | Price vs 50-day 0.7% vs 1.1%; vs 200-day 1.6% vs 9.2% |
| Risk Resilience | JEPQ | Risk Resilience 80 vs 74 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of JEPQ and QQQ and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is narrow at 2 points. (argues the conclusion is provisional)
- Only 1 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on QQQ.
How the comparison changed
120 daily snapshots · Apr 22 – Sep 3QQQ lead: Weakening — the AIQ differential moved from 7 to 2 points over 30 sessions.
- Today
- QQQ +2
- 56 vs 58
- 7 sessions ago
- Level
- 59 vs 59
- 30 sessions ago
- QQQ +7
- 58 vs 65
- 90 sessions ago
- Level
- 58 vs 58
The lead changed hands 3 times in this window, most recently on Aug 20 when JEPQ moved ahead of QQQ.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
3 bullish / 1 bearish / 2 neutral, conflicted
- Golden Cross Active — bullish, trend, long horizon (1.29%)
- Bollinger Band Squeeze — neutral, volatility, short horizon
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
3 bullish / 1 bearish / 1 neutral, conflicted
- Golden Cross Active — bullish, trend, long horizon (8.20%)
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
- Uptrend Structure Active — bullish, trend, long horizon
QQQ leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price and the AIQ Score both moved up over the latest session (price +0.3%, AIQ +5 points).
Price and the AIQ Score both moved up over the latest session (price +0.18%, AIQ +5 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1JEPQ closes the Quality gap — currently 14 points behind, the largest single contributor to QQQ's edge.
- 2JEPQ's Bollinger Band Squeeze turns directional — it is neutral today and would confirm a change in trend.
- 3QQQ's conflicting signal state resolves bearish — it currently carries 3 bullish and 1 bearish rules at once.
- 4The narrowing continues — the lead has already given back 5 points over 30 sessions, and a further 2-point move would eliminate QQQ's advantage entirely.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Technicals
QQQ has the stronger structure| Metric | JEPQ | QQQ |
|---|---|---|
| RSI (14) | 40.8 | 40.3 |
| ADX (14) | 13.1 | 11.2 |
| Price vs 50-day | 0.7% | 1.1% |
| Price vs 200-day | 1.6% | 9.2% |
| Volatility (1M, annualized) | 11.1% | 13.5% |
Risk
JEPQ is the more resilient| Metric | JEPQ | QQQ |
|---|---|---|
| Beta | 1.04 | 1.43 |
| Sharpe ratio | 0.33 | 1.07 |
| Sortino ratio | 0.45 | 1.6 |
| Max drawdown | -10.3% | -12.2% |
| Current drawdown | -2.9% | -3.8% |
| Annualized volatility | 15% | 19.7% |
| Value at risk (95%) | -1.7% | -1.9% |
Straight answers
Each answer is regenerated from the current snapshot, not written once and left to age.
Which is better, JEPQ or QQQ?
On the Algovestiq AIQ Score, QQQ is the stronger of the two as of Sep 5, 2026, scoring 58 against JEPQ's 56. The edge comes from quality. JEPQ is not without a case — it holds the better risk resilience profile, which matters more if that is the objective you are optimizing for. This is a systematic score, not a recommendation: it ranks the two on the same evidence, it does not know your holding period or tax position.
Is JEPQ or QQQ the better buy right now?
QQQ carries the stronger systematic profile as of Sep 5, 2026, and the comparison is rated Fragile — 1 of 4 covered evidence groups agree. A Fragile rating means the conclusion is sensitive: the AIQ gap is narrow at 2 points. Treat the lead as provisional.
Why does the AIQ Score favor QQQ over JEPQ?
The composite weights Quality at 30%, Value at 30%, Momentum at 25% and Risk Resilience at 15%. QQQ leads Quality by 14 points; JEPQ leads Risk Resilience by 6 points. Where the two split, the factor with the larger weight carries the result.
Which is better value, JEPQ or QQQ?
Neither name separates on the peer-relative Value factor. The two are level on Value. The Value factor reads valuation relative to sector peers and to the company's own fundamental quality, so it is not the same as simply having the lower multiple.
Which has stronger growth, JEPQ or QQQ?
Growth figures are not covered for both names. Growth here is measured on reported revenue and earnings, not on forward estimates — it describes what the businesses have delivered, not what the Street expects next.
Which has stronger momentum, JEPQ or QQQ?
The two are level on Momentum. Momentum carries 25% of the AIQ composite. It has documented persistence over three- to twelve-month horizons, which makes it a timing input rather than a reason to hold something indefinitely.
Which is riskier, JEPQ or QQQ?
JEPQ is the more resilient of the two, so the other name carries the higher downside risk. JEPQ on Risk Resilience, by 6 points. The Risk Resilience factor weights 15% of the composite; position sizing usually responds to it more usefully than the buy/avoid decision does.
Is JEPQ more profitable than QQQ?
Margin data is not comparable for both names in the current snapshot.
Is QQQ's lead over JEPQ getting stronger or weaker?
QQQ lead: Weakening — the AIQ differential moved from 7 to 2 points over 30 sessions. This is measured from 120 daily comparison snapshots between 2026-04-22 and 2026-09-03. The lead has changed hands 3 times in that window, most recently on 2026-08-20, when JEPQ moved ahead of QQQ.
What would change the JEPQ vs QQQ verdict?
The result is a state, not a forecast, so it changes when the underlying evidence changes. Concretely: JEPQ closes the Quality gap — currently 14 points behind, the largest single contributor to QQQ's edge; JEPQ's Bollinger Band Squeeze turns directional — it is neutral today and would confirm a change in trend; QQQ's conflicting signal state resolves bearish — it currently carries 3 bullish and 1 bearish rules at once; the narrowing continues — the lead has already given back 5 points over 30 sessions, and a further 2-point move would eliminate QQQ's advantage entirely.
What do the current signals say about JEPQ and QQQ?
JEPQ: 3 bullish / 1 bearish / 2 neutral, conflicted. QQQ: 3 bullish / 1 bearish / 1 neutral, conflicted. A conflicted state means bullish and bearish rules are active on the same name at once — the technical evidence is not pointing one way, and a decision taken on it carries more timing risk. The most decision-relevant rule on JEPQ is Golden Cross Active (bullish, long horizon). On QQQ it is Golden Cross Active (bullish, long horizon).
Compare JEPQ and QQQ with others
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality (30%), Value (30%), Momentum (25%) and Risk (15%). Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.