JQUA vs LCOW: Grades, Fees and Holdings Compared

JPMorgan U.S. Quality Factor ETF

JQUAANYSE Arca

Pacer S&P 500 Quality FCF Aristocrats ETF

LCOWCCboe

Overlap

40.3%by weight

Expense ratio

JQUA −0.37pt a year

JQUA0.12%LCOW0.49%

Avg volume · 30D

JQUA 146.4×the volume

JQUA598KLCOW4.08K

JQUA vs LCOW Performance

Oct 31, 2025 – Oct 30, 2026

+21.8%JQUA+14.8%LCOW

Expense ratio: JQUA 0.12%, better; LCOW 0.49%
Fund size: JQUA $9.55B; LCOW $28M
1Y total return: JQUA +21.8%, better; LCOW +14.8%
Yield (12M): JQUA 1.05%, better; LCOW 0.64%
Holdings: JQUA 310; LCOW 102
Avg volume (30D): JQUA 598K sh, better; LCOW 4.08K sh
NAV per share: JQUA $75.49; LCOW $26.91
52W range

ETF.net Grade

Pillar letters and Scores for JQUA, LCOW, with each pillar’s weight
Pillar	JQUA	LCOW
Cost30% weight	A100Higher	D26
Mission25% weight	A79	A94Higher
Risk15% weight	A80Higher	B61
Tradability15% weight	C54Higher	C43
Holdings10% weight	A83Higher	D31
Durability5% weight	A75Higher	D28

Rank among US Quality Index funds

How we build Categories ›

Same Category. JQUA and LCOW are both graded against the same 26 US Quality Index funds, so their Grades compare head to head.

US Quality Index⁠

Category · 26 funds

See all 26 ›

JQUA ranks 1st and LCOW 16th of 26 funds in the US Quality Index Category.

Rank 1AJQUAJPMorgan U.S. Quality Factor ETFScore 81
Rank 1AQUALiShares MSCI USA Quality Factor ETFScore 81
Rank 15BVUSEVident U.S. Equity Strategy ETFScore 54
Rank 16CLCOWPacer S&P 500 Quality FCF Aristocrats ETFScore 51
Rank 17CQOWZInvesco Nasdaq Free Cash Flow Achievers ETFScore 49

Our read on each fund

ETF.net Research

JQUAAJPMorgan U.S. Quality Factor ETF

LCOWCPacer S&P 500 Quality FCF Aristocrats ETF

In short

JQUA Quality investing without the quality price tag. JQUA screens U.S. companies for profitability and strong balance-sheet traits, and charges 0.12%, the lowest fee in the quality-factor group we track.

LCOW No data

Stated mandate

JQUA JQUA is designed to provide domestic equity exposure focused on companies with strong quality and profitability characteristics, using a rules-based approach intended to enhance returns.

LCOW No data

Why people hold it

JQUA 0.12% a year, against a roughly 0.29% median for quality-factor funds, and it undercuts the bigger badges QUAL and FQAL at 0.15%.
About 300 U.S. names selected on quality and profitability: a broad core-shaped sleeve, not a concentrated wager on a dozen balance sheets.
Live since 2017 and now a multi-billion-dollar, actively traded fund, so it has both a real track record and daily two-way flow.
One of the stronger implementations in its peer group: it stays close to the JP Morgan US Quality Factor Index it follows while keeping costs at the bottom of the group.

LCOW No data

Worth knowing

JQUA A quality screen is a tilt, not a shield. Owning profitable companies means owning less of everything else, and that gap cuts both ways.
Trades actively, though it is not the most heavily traded fund on the quality-factor shelf, which matters more for large orders than small ones.
Distributions land quarterly and fall out of what the screen owns. Income is a byproduct here, not the mandate.

LCOW No data

Full JQUA profile⁠

Full LCOW profile⁠

JQUA vs LCOW Holdings

As of Oct 23, 2026

How JQUA and LCOW differ

Overlap by weight

40.3%

Shared holdings make up 90.0% of LCOW and 43.4% of JQUA.

Level by level

Holdings80 in both40.3%
Sector11 Sectors80.6%
Asset classEquity100%
Countryby domicile99.5%

Sector

Sector weights in JQUA and LCOW, widest gap first
Sector	More in JQUAMore in LCOW	JQUA	LCOW
Health Care	LCOW +7.5 points	9.0%	16.5%
Industrials	JQUA +5.3 points	7.1%	1.8%
Consumer Discretionary	JQUA +4.8 points	8.9%	4.1%
Technology	LCOW +4.6 points	41.6%	46.2%
Communication	LCOW +4.4 points	5.5%	9.9%
Energy	JQUA +3.8 points	4.1%	0.3%
Financials	LCOW +2.9 points	13.1%	16.0%
Real Estate	JQUA +2.2 points	2.2%	0.0%
Materials	JQUA +1.9 points	1.9%	0.0%
Utilities	JQUA +1.1 points	1.1%	0.0%
Consumer Staples	JQUA +0.4 points	5.5%	5.1%

Country, concentration and asset class

Country by domicile

Country weights in JQUA and LCOW, widest gap first
Country	More in JQUAMore in LCOW	JQUA	LCOW
United States	LCOW +0.5 points	99.5%	100.0%
Switzerland	JQUA +0.5 points	0.5%	0.0%

Concentration

Weight in the 10 largest Holdings

JQUA18.7%
LCOW48.3%

Securities held

JQUA308
LCOW100

Asset class

JQUA: Equity
LCOW: Equity

Holdings

Only in JQUA228
In both80
Only in LCOW20

Only in JQUA

228 securities, 56.6% of JQUA by weight

Exxonmobil Holdings Corp2.01%
Advanced Micro Devices1.83%
Berkshire Hathaway Inc1.73%
Micron Technology Inc1.72%
Costco Wholesale Corp1.27%
Palantir Technologies Inc1.23%
The Procter & Gamble1.05%
Home Depot Inc/The0.95%
Texas Instruments Inc0.91%
Crowdstrike Holdings Inc0.86%
Chevron Corp Common Stock0.78%
Linde PLC Common Stock0.75%
Ge Vernova Inc Common0.71%
Union Pacific Corp0.65%
BlackRock Inc Common0.63%
Sandisk Corp Common0.55%
Tjx Cos Inc/The Common0.55%
Lockheed Martin Corp0.50%
Chubb Ltd Common Stock0.47%
Western Digital Corp0.47%
Marsh & Mclennan Cos Inc0.46%
Conocophillips Common0.45%
Snowflake Inc Common0.44%
Starbucks Corp Common0.42%
Waste Management Inc0.41%
Progressive Corp/The0.41%
Datadog Inc Common Stock0.41%
Travelers Cos Inc/The0.41%
Booking Holdings Inc0.37%
Aon PLC Common Stock USD0.36%
Autodesk Inc Common0.36%
Ross Stores Inc Common0.35%
Ebay Inc Common Stock USD0.34%
Republic Services Inc0.34%
Spotify Technology SA0.33%
Okta Inc Common Stock0.33%
Ww Grainger Inc Common0.32%
Aflac Inc Common Stock0.31%
American Tower Corp Reit0.31%
Simon Property Group Inc0.30%
Eog Resources Inc Common0.30%
Airbnb Inc Common Stock0.29%
Ciena Corp Common Stock0.29%
Trane Technologies PLC0.29%
United Therapeutics Corp0.28%
Cognizant Technology0.28%
Applovin Corp Common0.28%
Docusign Inc Common0.28%
Royalty Pharma PLC Common0.28%
Atlassian Corp Common0.28%

Only in LCOW

20 securities, 9.9% of LCOW by weight

Capital One Financial Corp1.34%
American Express Co1.28%
Arista Networks Inc1.17%
McKesson Corp0.90%
MSCI Inc0.63%
Lowe's Cos Inc0.57%
Veeva Systems Inc0.54%
Seagate Technology Holdings PLC0.51%
Cardinal Health Inc0.46%
Cencora Inc0.35%
Comfort Systems USA Inc0.34%
Texas Pacific Land Corp0.33%
Synchrony Financial0.32%
AutoZone Inc0.29%
Synopsys Inc0.27%
Corpay Inc0.22%
Fair Isaac Corp0.12%
Fidelity National Information Services Inc0.10%
Masco Corp0.08%
Akamai Technologies Inc0.04%

Weight gaps

All 80 Holdings in both funds, largest gap first.

Holding weights in JQUA and LCOW, widest gap first
Holding	More in JQUAMore in LCOW	JQUA	LCOW
Mastercard Inc CommonMA	LCOW +3.93 points	1.50%	5.43%
AbbVie Inc Common StockABBV	LCOW +3.69 points	1.40%	5.09%
Visa Inc Common Stock USDV	LCOW +3.54 points	1.91%	5.45%
Alphabet Inc-Cl A -GOOGL	LCOW +3.28 points	1.47%	4.75%
Meta Platforms Inc CommonMETA	LCOW +3.05 points	1.76%	4.81%
Apple Inc Common StockAAPL	LCOW +2.96 points	2.12%	5.08%
Microsoft Corp CommonMSFT	LCOW +2.94 points	2.06%	5.00%
NVIDIA Corp Common StockNVDA	LCOW +2.90 points	1.75%	4.65%
Broadcom Inc CommonAVGO	LCOW +2.67 points	1.80%	4.47%
Philip MorrisPM	LCOW +2.61 points	0.48%	3.09%
Johnson & Johnson CommonJNJ	LCOW +1.94 points	1.61%	3.55%
Amgen Inc Common StockAMGN	LCOW +1.43 points	0.25%	1.68%
Palo Alto Networks IncPANW	LCOW +1.22 points	0.95%	2.17%
Altria Group Inc CommonMO	LCOW +1.17 points	0.55%	1.72%
Merck & Co Inc CommonMRK	LCOW +1.05 points	1.11%	2.16%
Gilead Sciences IncGILD	LCOW +0.93 points	0.75%	1.68%
Automatic Data ProcessingADP	LCOW +0.90 points	0.43%	1.33%
Lam Research Corp CommonLRCX	LCOW +0.83 points	0.80%	1.63%
Cme Group Inc CommonCME	LCOW +0.65 points	0.36%	1.01%
Kla Corp Common Stock USDKLAC	LCOW +0.61 points	0.68%	1.29%
Applied Materials IncAMAT	LCOW +0.60 points	0.79%	1.39%
Servicenow Inc CommonNOW	LCOW +0.49 points	0.41%	0.90%
S&P Global Inc CommonSPGI	LCOW +0.49 points	0.41%	0.90%
Mcdonald's Corp CommonMCD	LCOW +0.49 points	0.59%	1.08%
Hilton Worldwide HoldingsHLT	LCOW +0.49 points	0.35%	0.84%
Bristol-Myers Squibb CoBMY	LCOW +0.46 points	0.45%	0.91%
Fortinet Inc Common StockFTNT	LCOW +0.44 points	0.38%	0.82%
Intercontinental ExchangeICE	LCOW +0.44 points	0.33%	0.77%
Adobe Inc Common StockADBE	LCOW +0.42 points	0.43%	0.85%
Marriott InternationalMAR	LCOW +0.38 points	0.40%	0.78%
Skyworks Solutions IncSWKS	JQUA +0.36 points	0.41%	0.05%
Cisco Systems Inc CommonCSCO	LCOW +0.33 points	1.17%	1.50%
Regeneron PharmaceuticalsREGN	LCOW +0.30 points	0.35%	0.65%
O'reilly Automotive IncORLY	LCOW +0.27 points	0.31%	0.58%
Ptc Inc Common Stock USDPTC	JQUA +0.27 points	0.33%	0.06%
Qualcomm Inc Common StockQCOM	LCOW +0.26 points	0.63%	0.89%
Nasdaq Inc Common StockNDAQ	LCOW +0.25 points	0.08%	0.33%
Gartner Inc Common StockIT	JQUA +0.22 points	0.28%	0.06%
Fastenal Co Common StockFAST	LCOW +0.22 points	0.09%	0.31%
Tyler Technologies IncTYL	JQUA +0.19 points	0.25%	0.06%
Godaddy Inc Common StockGDDY	JQUA +0.20 points	0.27%	0.07%
Moody's Corp CommonMCO	LCOW +0.20 points	0.36%	0.56%
Paychex Inc Common StockPAYX	LCOW +0.18 points	0.20%	0.38%
Colgate-Palmolive CompanyCL	LCOW +0.17 points	0.40%	0.57%
Verisign Inc Common StockVRSN	JQUA +0.16 points	0.27%	0.11%
Hp Inc Common Stock USDHPQ	JQUA +0.13 points	0.24%	0.11%
Idexx Laboratories IncIDXX	LCOW +0.13 points	0.26%	0.39%
Netapp Inc Common StockNTAP	JQUA +0.12 points	0.31%	0.19%
Keysight Technologies IncKEYS	JQUA +0.12 points	0.29%	0.17%
F5 Inc Common Stock USD 0FFIV	JQUA +0.12 points	0.22%	0.10%
Cintas Corp Common StockCTAS	LCOW +0.10 points	0.34%	0.44%
Accenture PLC CommonACN	JQUA +0.10 points	0.59%	0.49%
Analog Devices IncADI	JQUA +0.10 points	0.74%	0.64%
Workday Inc Common StockWDAY	JQUA +0.09 points	0.25%	0.16%
Deckers Outdoor CorpDECK	JQUA +0.09 points	0.17%	0.08%
Jack Henry & AssociatesJKHY	JQUA +0.07 points	0.16%	0.09%
Yum Brands Inc CommonYUM	LCOW +0.07 points	0.26%	0.33%
Cboe Global Markets IncCBOE	JQUA +0.07 points	0.30%	0.23%
Salesforce.com Inc.CRM	LCOW +0.07 points	0.63%	0.70%
Expeditors InternationalEXPD	JQUA +0.07 points	0.23%	0.16%
Monolithic Power SystemsMPWR	JQUA +0.07 points	0.30%	0.23%
Factset Research SystemsFDS	JQUA +0.06 points	0.14%	0.08%
Motorola Solutions IncMSI	JQUA +0.06 points	0.33%	0.27%
Rollins Inc Common StockROL	JQUA +0.06 points	0.12%	0.06%
Williams-Sonoma IncWSM	JQUA +0.05 points	0.27%	0.22%
Teradyne Inc Common StockTER	JQUA +0.05 points	0.23%	0.18%
Nvr Inc Common Stock USDNVR	JQUA +0.05 points	0.13%	0.08%
Microchip Technology IncMCHP	JQUA +0.05 points	0.20%	0.15%
A O Smith Corp CommonAOS	JQUA +0.04 points	0.09%	0.05%
Illinois Tool Works IncITW	LCOW +0.04 points	0.36%	0.40%
Resmed Inc Common StockRMD	JQUA +0.04 points	0.23%	0.19%
Copart Inc Common StockCPRT	JQUA +0.03 points	0.16%	0.13%
Zoetis Inc Common StockZTS	JQUA +0.03 points	0.20%	0.17%
Old Dominion FreightODFL	LCOW +0.03 points	0.15%	0.18%
Verisk Analytics IncVRSK	LCOW +0.02 points	0.20%	0.22%
Domino's Pizza IncDPZ	LCOW +0.02 points	0.08%	0.10%
Mettler-ToledoMTD	LCOW +0.02 points	0.33%	0.35%
Cadence Design SystemsCDNS	JQUA +0.01 points	0.43%	0.42%
Intuit Inc Common StockINTU	JQUA +0.01 points	0.43%	0.42%
Monster Beverage CorpMNST	Same weight	0.37%	0.37%

All 308 JQUA holdings⁠All 102 LCOW holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JQUA vs LCOW Cost

Overpaying LCOW vs JQUA

$7,272

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

JQUA 0.12%
$2,520
LCOW 0.49%
$9,792

Amount$10,000

Years30 years

Cost over time

JQUA 0.12%
LCOW 0.49%
Overpaying

Year by year

Year	JQUA	LCOW	Overpaying
10	$220	$883	$663
20	$859	$3,394	$2,535
30	$2,520	$9,792	$7,272

Expense ratio

0.12%JQUA, cheaper
0.49%LCOW

JQUA0.12%LCOW0.49%

0.12%0.60%

Middle half of US Quality Index funds
Median 0.39%

JQUA cheapest of 26 funds

LCOW 17th cheapest of 26 funds

JQUA vs LCOW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JQUA 1.05%, better; LCOW 0.64%
Payout (12M): JQUA $0.79; LCOW $0.17
Last payment: JQUA $0.18; LCOW $0.04
Ex-dividend: JQUA Sep 22, 2026; LCOW Sep 3, 2026
Paid on: JQUA Sep 24, 2026; LCOW Sep 8, 2026
Frequency: JQUA Quarterly; LCOW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

JQUAQuarterly · 37 paymentsAll JQUA payments⁠

LCOWQuarterly · 6 paymentsAll LCOW payments⁠

JQUA vs LCOW Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JQUA 11.6%LCOW 10.5%since Jun 2025
Return per unit of riskSharpe ratio, 3 years: JQUA 1.47LCOW 1.43since Jun 2025
Worst fallMax drawdown, 5 years: JQUA −22.5%LCOW −10.3%since May 2025
Market sensitivityBeta, 5 years: JQUA 0.91LCOW 0.88; Market = 1

JQUA and LCOW in the news

All news⁠

New ETFs
Jensen's first passive ETF charges 0.25% for a 10-year profit test
Oct 5, 2026JQUA
Category Review
Cash-flow quality returned 42% while QUAL returned 17%
Updated Sep 22, 2026JQUA

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JQUA vs LCOW

In short

Stated mandate

Why people hold it

Worth knowing

How JQUA and LCOW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JQUA

Only in LCOW

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Jensen's first passive ETF charges 0.25% for a 10-year profit test

Cash-flow quality returned 42% while QUAL returned 17%

How JQUA and LCOW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JQUA

Only in LCOW

Weight gaps