JEPQ vs QQQ: Performance, Holdings, Fees & Risk
JEPQ and QQQ are ETFs, but they can differ materially in exposure, yield, fees and risk. JEPQ is JPMorgan Nasdaq Equity Premium Income ETF, while QQQ is Invesco QQQ Trust, Series 1. QQQ is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has JEPQ ahead on AIQ Score, 54 versus 51.
What is the main difference between JEPQ and QQQ?
JEPQ and QQQ both concentrate in Technology, at 61% and 59% of assets, and 72% of their weight is in the same securities.
| Metric | JEPQ | QQQ |
|---|---|---|
| Fund | ||
| Expense ratio | 0.35% | 0.18% |
| Holdings | 110 | 107 |
| Top-10 concentration | 42.6% | 47% |
| Distribution yieldTrailing 12 months | 11.58% | 0.43% |
| Average volume | 6,194,078 | 37,968,274 |
| Performance | ||
| 1Y return | +4.1% | +19.6% |
| YTD return | +2.3% | +16.8% |
| Risk | ||
| Annualized volatility | 15.1% | 19.9% |
| Max drawdown (1Y) | -10.3% | -12.2% |
| Beta | 1.04 | 1.45 |
| Sharpe ratio | 0.04 | 0.77 |
| Sortino ratio | 0.05 | 1.20 |
| AlgovestIQ | ||
| AIQ Score | 54/100 | 51/100 |
| AIQ Edge Score | 5/10 | 4/10 |
| Momentum | 31/100 | 21/100 |
| Risk Resilience | 80/100 | 72/100 |
AlgovestIQ AIQ Comparison
JPMorgan Nasdaq Equity Premium Income ETF vs Invesco QQQ Trust, Series 1
JEPQ leads
JEPQ leads by 3 AIQ points, primarily on Value and Momentum, and the lead has widened from 0 points over 30 sessions.
Fragile: 2 of 4 evidence groups support JEPQ, its lead is widening, and its current signal state is conflicted.
JPMorgan Nasdaq Equity Premium Income ETF
Invesco QQQ Trust, Series 1
The Algovestiq AIQ Score currently favors JEPQ over QQQ, 54 versus 51 as of Oct 21, 2026. JEPQ's advantage is driven primarily by stronger value and momentum, while QQQ holds the stronger quality profile. JEPQ also shows the weaker technical structure relative to its 50-day moving average. 2 of 4 covered evidence groups favor JEPQ today, and the comparison is rated Fragile on stability: the AIQ gap is narrow at 3 points. JEPQ lead: Strengthening — the AIQ differential moved from 0 to 3 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.
JEPQ vs QQQ: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | JEPQ | QQQ | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.35% | 0.18% | QQQ |
| Broader diversificationNumber of holdings | 110 | 107 | Similar |
| Lower concentrationWeight of the 10 largest holdings | 42.6% | 47% | JEPQ |
| Higher incomeTrailing 12-month distribution yield | 11.58% | 0.43% | JEPQ |
| Smaller drawdownsMax drawdown, 1 year | -10.3% | -12.2% | Similar |
| Lower volatilityAnnualized volatility, 1 year | 15.1% | 19.9% | JEPQ |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
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.
- Quality69 vs 82QQQ +13
- Value45 vs 35JEPQ +10
- Momentum31 vs 21JEPQ +10
- Risk Resilience80 vs 72JEPQ +8
2 of 4 evidence groups favor JEPQ. JEPQ’s edge is concentrated in value and momentum; QQQ keeps a meaningful quality edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Value -1
New signals
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
Largest factor move: Momentum -2
No signal started or stopped since the prior session; its 3 active signals are unchanged.
JEPQ's lead was unchanged in the latest session.
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
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF): the stronger current systematic profile, led by value and momentum.
QQQ (Invesco QQQ Trust, Series 1): the counter-case, on quality, technicals.
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. |
| Holdings | 110 | 107 | More holdings means broader diversification, not better returns. |
| Average volume | 6,194,078 | 37,968,274 | Liquidity — matters most if you trade size. |
| Annualized volatility | 15.1% | 19.9% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -10.3% | -12.2% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | 0.04 | 0.77 | Return per unit of risk. Higher is better. |
| Beta | 1.04 | 1.45 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
JEPQ and QQQ share 71.99% of their weighted exposure across 72 common holdings.
34 holdings are unique to JEPQ, and 30 holdings are unique to QQQ. Owning both adds little diversification — they are largely the same exposure in different wrappers.
QQQ is the more concentrated of the two: its ten largest positions are 46.96% of the fund, against 42.65% for JEPQ (107 holdings vs 110). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | JEPQ | QQQ | Shared |
|---|---|---|---|
| NVDANVIDIA Corp | 7.22% | 8.49% | 7.22% |
| AAPLApple Inc | 6.63% | 7.71% | 6.63% |
| MSFTMicrosoft Corp | 5.16% | 5.88% | 5.16% |
| MUMicron Technology Inc | 4.67% | 4.89% | 4.67% |
| AMZNAmazon.com Inc | 3.94% | 4.36% | 3.94% |
| AMDAdvanced Micro Devices Inc | 3.4% | 3.64% | 3.4% |
| GOOGALPHABET INC-CL C - | 4.77% | 2.9% | 2.9% |
| METAMeta Platforms Inc | 2.71% | 3.07% | 2.71% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What JEPQ adds that QQQ doesn’t
| Holding | JEPQ | QQQ |
|---|---|---|
| JPMORGAN PRIME MONEY | 1.4% | Not held |
| NDX_20 | 1.16% | Not held |
| NDX_19 | 1.15% | Not held |
| NDX_24 | 1.15% | Not held |
| NDX_25 | 1.15% | Not held |
| NDX_18 | 1.15% | Not held |
What QQQ adds that JEPQ doesn’t
| Holding | QQQ | JEPQ |
|---|---|---|
| GOOGLAlphabet Inc | 3.11% | Not held |
| KLACKLA Corp | 1.03% | 0.13% |
| AMGNAmgen Inc | 0.92% | 0.36% |
| GILDGilead Sciences Inc | 0.8% | 0.12% |
| WDCWestern Digital Corp | 0.7% | 0.34% |
| FTNTFortinet Inc | 0.52% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
JEPQ vs QQQ: five-year payout growth
QQQ grew its split-adjusted payout at 9.99% a year over 2020-2025. JEPQ began paying distributions in 2022, so it has no 2020-2025 growth rate to compare.
| Dividend metric | JEPQ | QQQ |
|---|---|---|
| 2025 annual payout | $6.123 | $2.795 |
| Peer rank | not ranked | #56 of 138 |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
2 of 4 covered evidence groups favor JEPQ. 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 | 54 vs 51 |
| Fundamentals | Not covered | Not covered |
| Valuation | JEPQ | Value 45 vs 35 |
| Technicals | QQQ | Price vs 50-day -0.4% vs -0.2%; vs 200-day 0.6% vs 6.2% |
| Risk Resilience | JEPQ | Risk Resilience 80 vs 72 |
| 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 3 points. (argues the conclusion is provisional)
- Only 2 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The leader's advantage has been widening. (supports the conclusion holding)
- The lead has been steady session to session. (supports the conclusion holding)
- 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 JEPQ.
How the comparison changed
120 daily snapshots · Jun 21 – Oct 20JEPQ lead: Strengthening — the AIQ differential moved from 0 to 3 points over 30 sessions.
- Today
- JEPQ +3
- 54 vs 51
- 7 sessions ago
- QQQ +2
- 55 vs 57
- 30 sessions ago
- Level
- 65 vs 65
- 90 sessions ago
- QQQ +6
- 61 vs 67
The lead changed hands 4 times in this window, most recently on Oct 19 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.
2 bullish / 2 bearish / 2 neutral, conflicted
Only JEPQ
- Bollinger Band Squeeze — neutral, volatility, short horizon
- ATR Contraction - Coiling — neutral, volatility, short horizon (1.04%)
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
1 bullish / 2 bearish, conflicted
No signal that the other name lacks.
Both carry 3 more signals that do not separate them: Golden Cross Active, Keltner Channel Breakdown, MACD Bearish Crossover.
JEPQ 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 is up while the AIQ Score moved down 1 points over the same session — price and model disagree (price +0.86%, AIQ -1 points).
Price is up while the AIQ Score moved down 1 points over the same session — price and model disagree (price +1.05%, AIQ -1 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.
- 1QQQ closes the Value gap — currently 10 points behind, the largest single contributor to JEPQ's edge.
- 2QQQ's Keltner Channel Breakdown resolves — a bearish volatility rule currently active against it.
- 3JEPQ's conflicting signal state resolves bearish — it currently carries 2 bullish and 2 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
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.
Performance
QQQ leads 4 of 6 windows| Metric | JEPQ | QQQ |
|---|---|---|
| 1 week (5 sessions) | -2.4% | -3.5% |
| 1 month (20 sessions) | -2.8% | -4% |
| 3 months (63 sessions) | 0% | 1.7% |
| 6 months (126 sessions) | 1.4% | 11.4% |
| Year to date | 2.3% | 16.8% |
| 1 year (252 sessions) | 4.1% | 19.6% |
Technicals
QQQ has the stronger structure| Metric | JEPQ | QQQ |
|---|---|---|
| RSI (14) | 29.6 | 37.2 |
| ADX (14) | 21.8 | 20.3 |
| Price vs 50-day | -0.4% | -0.2% |
| Price vs 200-day | 0.6% | 6.2% |
| Volatility (1M, annualized) | 10.8% | 15.4% |
Risk
JEPQ is the more resilient| Metric | JEPQ | QQQ |
|---|---|---|
| Beta | 1.04 | 1.45 |
| Sharpe ratio | 0.04 | 0.77 |
| Sortino ratio | 0.05 | 1.2 |
| Max drawdown | -10.3% | -12.2% |
| Current drawdown | -3.3% | -5.5% |
| Annualized volatility | 15.1% | 19.9% |
| Value at risk (95%) | -1.7% | -1.9% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between JEPQ and QQQ?
JEPQ and QQQ both concentrate in Technology, at 61% and 59% of assets, and 72% of their weight is in the same securities.
How much do JEPQ and QQQ overlap?
JEPQ and QQQ share 71.99% of their weighted exposure across 72 common holdings. 34 holdings are unique to JEPQ, and 30 holdings are unique to QQQ. Owning both adds little diversification — they are largely the same exposure in different wrappers.
Which ETF is more diversified, JEPQ or QQQ?
They hold a similar number of positions: 110 for JEPQ and 107 for QQQ.
Which has the lower expense ratio?
QQQ has the lower expense ratio, 0.18% a year against 0.35% for JEPQ.
Which ETF has the higher distribution yield?
JEPQ, with a trailing 12-month distribution yield of 11.58% against 0.43% for QQQ.
Which ETF has been more volatile?
QQQ has been more volatile over the past year, at 19.9% annualized against 15.1% for JEPQ.
Which ETF has had the smaller drawdown?
Their worst peak-to-trough falls over the past year are similar: -10.3% for JEPQ and -12.2% for QQQ.
Compare JEPQ and QQQ with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. 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.