JQUA vs SPY
Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.
This page compares JP Morgan US Quality Factor ETF and S&P 500 ETF Trust SPDR, covering fees, holdings, dividends and tracking methods. Use it to understand how JQUA and SPY differ in expense ratios, top assets, yields and how each fund tracks its market. Educational content, not financial advice.
This page compares JP Morgan US Quality Factor ETF and S&P 500 ETF Trust SPDR, covering fees, holdings, dividends and tracking methods. Use it to understand how JQUA and SPY differ in expense ratios, ...
Investment Analysis
JQUA
JQUA
Pros
- JQUA carries a low annual expense ratio of 0.12 percent, which is competitive for an active factor-focused equity ETF.
- With net assets of 9.3 billion dollars, the fund has sufficient scale for institutional investors to establish meaningful positions.
- JQUA’s 1.05 percent dividend yield provides slightly higher income than the broader market benchmark, appealing to income-oriented investors.
Considerations
- The fund’s inception date of 8 November 2017 means it lacks the long-term track record of more established equity products.
- Top holdings weights are modest, with the largest at 2.11 percent, indicating a potentially diversified but less concentrated strategy.
- JQUA’s index methodology is not disclosed publicly, which limits transparency for investors seeking specific factor exposure clarity.
SPY
SPY
Pros
- SPY’s expense ratio of 0.09 percent is among the lowest for large equity ETFs, making it a cost-effective market proxy.
- With 785.0 billion dollars in net assets, SPY offers exceptional liquidity and tight bid-ask spreads for active trading.
- Established on 22 January 1993, SPY has one of the longest performance records, providing extensive historical data for analysis.
Considerations
- The fund’s top holding, NVDA, represents 8.16 percent of assets, indicating significant single-stock concentration risk.
- SPY’s dividend yield of 0.98 percent is lower than many income-focused ETFs, potentially limiting its appeal to yield-seeking investors.
- As an ETF structured as a unit investment trust, SPY does not allow in-kind creation and redemption, affecting tax efficiency.
Buy JQUA or SPY in Nemo
Zero Commission
Trade stocks, ETFs, and more with zero commission. Keep more of your returns.
Trusted & Regulated
Part of Exinity Group 2015, serving over a million customers globally.
6% Interest on Cash
Earn 6% AER on uninvested cash with daily interest payments.
