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JPEF vs QUAL: Differences, Returns & Fees

JPEF and QUAL hold 31% of their weight in the same names, and QUAL returned +17.1% over the year. Net assets on Oct 9, 2026: $2.1bn for JPMorgan Equity Focus ETF and $49.0bn for iShares MSCI USA Quality Factor ETF.

QUAL costs 0.29 points a year less; their one-year returns differ by 4.7 points; QUAL is far larger, $49.0bn against $2.1bn.

JPEF vs QUAL: Differences, Returns & Fees
JPEFQUAL
Expense ratio0.44%0.15%
Net assets$2.1bn$49.0bn
Total return, 1 year+12.4%+17.1%
What it tracksNo index, actively managedMSCI USA Sector Neutral Quality Index ?
Holdings in common31%
Top ten holdings, share of the fund45.6%45.7%

Holdings in common uses holdings dated Oct 9, 2026.

+12.4%
JPEF total return, 1 year
+17.1%
QUAL total return, 1 year
0.44%
JPEF expense ratio
0.15%
QUAL expense ratio

What they hold in common

By the books each fund has filed, JPEF and QUAL hold 31% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

half

31% in common

Positions both hold, largest shared weight first
Holding JPEF QUAL
NVIDIA CORP COMMON STOCK 9.40% 6.49%
APPLE INC COMMON STOCK 5.61% 7.03%
MICROSOFT CORP COMMON 5.14% 8.01%
EXXONMOBIL HOLDINGS CORP 2.60% 2.31%
META PLATFORMS INC 2.12% 4.62%
JOHNSON & JOHNSON 3.12% 2.04%
BERKSHIRE HATHAWAY INC 2.45% 1.81%
ALPHABET INC-CL C 6.31% 1.54%
LAM RESEARCH CORP COMMON 1.09% 3.69%
THE PROCTER & GAMBLE 2.15% 0.83%
GILEAD SCIENCES INC 2.53% 0.69%
COMFORT SYSTEMS USA INC 1.66% 0.59%
Only in JPEF
AMAZON.COM INC COMMON 4.62%
ANALOG DEVICES INC 3.08%
BROADCOM INC COMMON 2.82%
MORGAN STANLEY DEAN 2.75%
UNITED RENTALS INC 2.73%
ADVANCED MICRO DEVICES 2.66%
PALO ALTO NETWORKS INC 2.53%
HCA HEALTHCARE INC 2.44%
Only in QUAL
ELI LILLY 3.65%
TJX 3.41%
VISA CLASS A 3.24%
APPLIED MATERIAL INC 3.01%
KLA 2.57%
MASTERCARD CLASS A 2.28%
ALPHABET CLASS A 1.97%
NETFLIX 1.63%

Check overlap with more funds →

On the same fields

JPEF
JPMorgan Equity Focus ETF
QUAL
iShares MSCI USA Quality Factor ETF
Where it sits Stock ETF Stock ETF
Issuer JPMorgan iShares
What it is Actively managed Tracks the MSCI USA Quality Factor
Total return, 1 year +12.4% +17.1%
Its benchmark over the same days +17.3% (VOO) not published
Gap to its benchmark −4.9 pts vs VOO not available
Expense ratio 0.44% 0.15%
Already in the S&P 500 93.7% 97.2%
Holdings 40 119
Net assets $2.1bn $49.0bn

JPEF and QUAL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About JPEF

JPEF is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +12.4% with distributions reinvested, against +17.3% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.44% a year. By its holdings published by its issuer for Oct 9, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 40 positions, with the top ten at 45.6%.

About QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 9, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 45.7%.

Questions people ask

Which returned more over the last year, JPEF or QUAL?
In the year to Oct 9, 2026, with distributions reinvested, JPEF returned +12.4% and QUAL +17.1%.
Which is cheaper, JPEF or QUAL?
QUAL is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do JPEF and QUAL overlap with the S&P 500?
By their latest filed holdings, 94% of JPEF and 97% of QUAL by weight is stocks the S&P 500 already holds.
Other comparisons
JPEF vs VTIJPEF vs SPYJPEF vs VOOJPEF vs VVQUAL vs USPXCGCV vs QUALLCAP vs QUALQDPL vs QUAL
JPEF on its own →QUAL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
JPEF filings on SEC EDGAR ↗JPEF prospectus with the expense ratio (SEC) ↗JPMorgan website ↗QUAL filings on SEC EDGAR ↗QUAL prospectus with the expense ratio (SEC) ↗iShares page for QUAL ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, JPEF against QUAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/jpef-vs-qual

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.