JQUA vs VFQY: Grades, Fees and Holdings Compared

JPMorgan U.S. Quality Factor ETF

JQUAANYSE Arca

Vanguard U.S. Quality Factor ETF

VFQYACboe

Overlap

28.3%by weight

Expense ratio

JQUA −0.01pt a year

JQUA0.12%VFQY0.13%

Avg volume · 30D

JQUA 85.8×the volume

JQUA598KVFQY6.97K

5Y return · a year

JQUA +4.5pt

JQUA+13.2%VFQY+8.7%

JQUA vs VFQY Performance

Oct 29, 2021 – Oct 30, 2026

+85.7%JQUA+52.1%VFQY

Expense ratio: JQUA 0.12%, better; VFQY 0.13%
Fund size: JQUA $9.55B; VFQY $493M
1Y total return: JQUA +21.8%, better; VFQY +18.2%
Yield (12M): JQUA 1.05%, better; VFQY 1.01%
Holdings: JQUA 310; VFQY 474
Avg volume (30D): JQUA 598K sh, better; VFQY 6.97K sh
NAV per share: JQUA $75.49; VFQY $176.00
52W range

ETF.net Grade

Pillar letters and Scores for JQUA, VFQY, with each pillar’s weight
Pillar	JQUA	VFQY
Cost30% weight	A100Higher	A96
Mission25% weight	A79Higher	B68
Risk15% weight	A80Higher	B56
Tradability15% weight	C54Higher	D29
Holdings10% weight	A83	A84Higher
Durability5% weight	A75	A76Higher

Rank among US Quality Index funds

How we build Categories ›

Same Category. JQUA and VFQY 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 VFQY 5th 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 4ASPHQInvesco S&P 500 Quality ETFScore 74
Rank 5AVFQYVanguard U.S. Quality Factor ETFScore 70
Rank 6BXMHQInvesco S&P MidCap Quality ETFScore 67

Our read on each fund

ETF.net Research

JQUAAJPMorgan U.S. Quality Factor ETF

VFQYAVanguard U.S. Quality Factor 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.

VFQY Vanguard's quality screen casts a wide net: it fishes the entire Russell 3000 for strong profits, sustainable earnings and clean balance sheets, and charges 0.13% for the work. Quality without the large-cap-only blinders.

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.

VFQY The fund seeks long-term capital appreciation by primarily investing in U.S. common stocks selected for strong fundamentals, including profitability, sustainable earnings, and healthy balance sheets.

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.

VFQY At 0.13% a year it undercuts most of the quality-factor field and sits alongside the cheapest names in it (JQUA, QUAL, FQAL).
Starts from the Russell 3000 rather than a mega-cap list, so mid and smaller companies that clear the screens can make the cut. Roughly 400 stocks in the basket.vanguard.com
Quality is defined on several axes at once: profitability, sustainable earnings and healthy balance sheets, spelled out in the fund's own objective.vanguard.com
Running since 2018, it ranks among the stronger implementations in its quality-factor peer group. Distributions come quarterly.

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.

VFQY Trades lightly next to the category's household names, which can show up as wider bid-ask spreads when you go to buy or sell.
The wide net cuts both ways: mid and small-cap holdings can make it move differently from large-cap-only quality funds such as SPHQ.
This is an advertised factor screen, not the market. The portfolio is built to look different from a plain US index, and it does.

Full JQUA profile⁠

Full VFQY profile⁠

JQUA vs VFQY Holdings

How JQUA and VFQY differ

Overlap by weight

28.3%

Shared holdings make up 52.8% of VFQY and 37.4% of JQUA.

Level by level

Holdings116 in both28.3%
Sector11 Sectors74.6%
Asset classEquity100%
Countryby domicile99.5%

Sector

Sector weights in JQUA and VFQY, widest gap first
Sector	More in JQUAMore in VFQY	JQUA	VFQY
Technology	JQUA +17.5 points	41.6%	24.1%
Industrials	VFQY +10.7 points	7.1%	17.8%
Financials	VFQY +7.0 points	13.1%	20.1%
Consumer Discretionary	VFQY +4.2 points	8.9%	13.1%
Communication	JQUA +2.4 points	5.5%	3.1%
Real Estate	JQUA +2.2 points	2.2%	0.0%
Energy	JQUA +2.1 points	4.1%	2.0%
Materials	VFQY +1.5 points	1.9%	3.4%
Consumer Staples	VFQY +1.1 points	5.5%	6.6%
Utilities	JQUA +1.1 points	1.1%	0.0%
Health Care	VFQY +0.8 points	9.0%	9.8%

Country, concentration and asset class

Country by domicile

Country weights in JQUA and VFQY, widest gap first
Country	More in JQUAMore in VFQY	JQUA	VFQY
United States	VFQY +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%
VFQY13.2%

Securities held

JQUA308
VFQY472

Asset class

JQUA: Equity
VFQY: Equity

Holdings

Only in JQUA192
In both116
Only in VFQY356

Only in JQUA

192 securities, 62.6% of JQUA by weight

Microsoft Corp Common2.06%
Exxonmobil Holdings Corp2.01%
Advanced Micro Devices1.83%
Broadcom Inc Common1.80%
Berkshire Hathaway Inc1.73%
Micron Technology Inc1.72%
Mastercard Inc Common1.50%
Alphabet Inc-Cl A -1.47%
AbbVie Inc Common Stock1.40%
Palantir Technologies Inc1.23%
Cisco Systems Inc Common1.17%
Merck & Co Inc Common1.11%
Palo Alto Networks Inc0.95%
Home Depot Inc/The0.95%
Crowdstrike Holdings Inc0.86%
Applied Materials Inc0.79%
Chevron Corp Common Stock0.78%
Linde PLC Common Stock0.75%
Analog Devices Inc0.74%
Ge Vernova Inc Common0.71%
Union Pacific Corp0.65%
BlackRock Inc Common0.63%
Salesforce.com Inc.0.63%
Mcdonald's Corp Common0.59%
Accenture PLC Common0.59%
Altria Group Inc Common0.55%
Philip Morris0.48%
Chubb Ltd Common Stock0.47%
Marsh & Mclennan Cos Inc0.46%
Conocophillips Common0.45%
Bristol-Myers Squibb Co0.45%
Snowflake Inc Common0.44%
Automatic Data Processing0.43%
Cadence Design Systems0.43%
Starbucks Corp Common0.42%
Waste Management Inc0.41%
Progressive Corp/The0.41%
Datadog Inc Common Stock0.41%
Skyworks Solutions Inc0.41%
Servicenow Inc Common0.41%
Marriott International0.40%
Colgate-Palmolive Company0.40%
Booking Holdings Inc0.37%
Aon PLC Common Stock USD0.36%
Moody's Corp Common0.36%
Cme Group Inc Common0.36%
Illinois Tool Works Inc0.36%
Hilton Worldwide Holdings0.35%
Regeneron Pharmaceuticals0.35%
Republic Services Inc0.34%

Only in VFQY

356 securities, 47.0% of VFQY by weight

3M Co1.32%
Trane Technologies PLC1.18%
Eli Lilly & Co1.12%
Valero Energy Corp0.90%
American Express Co0.89%
Cummins Inc0.73%
Arista Networks Inc0.66%
Marathon Petroleum Corp0.63%
Target Corp0.54%
Johnson Controls International plc0.53%
Caterpillar Inc0.51%
State Street Corp0.43%
Charles Schwab Corp/The0.43%
Rockwell Automation Inc0.38%
Take-Two Interactive Software Inc0.38%
Ferguson Enterprises Inc0.38%
Illumina Inc0.38%
UL Solutions Inc0.37%
Synchrony Financial0.36%
Northern Trust Corp0.34%
BJ's Wholesale Club Holdings Inc0.33%
Genuine Parts Co0.31%
Hecla Mining Co0.30%
RPM International Inc0.29%
LKQ Corp0.29%
US Foods Holding Corp0.28%
Veralto Corp0.28%
Comfort Systems USA Inc0.28%
Owens Corning0.28%
JPMorgan Chase & Co0.28%
Macy's Inc0.28%
Chewy Inc0.27%
Applied Industrial Technologies Inc0.27%
Paylocity Holding Corp0.27%
CH Robinson Worldwide Inc0.26%
Gitlab Inc0.25%
Capri Holdings Ltd0.25%
Weatherford International PLC0.25%
WSFS Financial Corp0.25%
Amalgamated Financial Corp0.24%
Popular Inc0.24%
Powell Industries Inc0.24%
Gap Inc/The0.24%
Valmont Industries Inc0.24%
Solventum Corp0.24%
EnerSys0.23%
Glaukos Corp0.23%
Buckle Inc/The0.23%
Hershey Co/The0.23%
Genpact Ltd0.22%

Weight gaps

The 100 widest of 116 Holdings in both funds.

Holding weights in JQUA and VFQY, widest gap first
Holding	More in JQUAMore in VFQY	JQUA	VFQY
Visa Inc Common Stock USDV	JQUA +1.69 points	1.91%	0.22%
NVIDIA Corp Common StockNVDA	JQUA +1.64 points	1.75%	0.11%
Fortinet Inc Common StockFTNT	VFQY +1.11 points	0.38%	1.49%
Meta Platforms Inc CommonMETA	JQUA +1.09 points	1.76%	0.67%
Cintas Corp Common StockCTAS	VFQY +0.96 points	0.34%	1.30%
Ross Stores Inc CommonROST	VFQY +0.93 points	0.35%	1.28%
Newmont Corp Common StockNEM	VFQY +0.90 points	0.16%	1.06%
Southern Copper CorpSCCO	VFQY +0.88 points	0.21%	1.09%
Western Digital CorpWDC	VFQY +0.83 points	0.47%	1.30%
Spotify Technology SASPOT	VFQY +0.82 points	0.33%	1.15%
Apple Inc Common StockAAPL	JQUA +0.81 points	2.12%	1.31%
Johnson & Johnson CommonJNJ	JQUA +0.78 points	1.61%	0.83%
Vertiv Holdings CoVRT	VFQY +0.76 points	0.15%	0.91%
Gilead Sciences IncGILD	VFQY +0.76 points	0.75%	1.51%
Netflix Inc Common StockNFLX	VFQY +0.70 points	0.08%	0.78%
Adobe Inc Common StockADBE	VFQY +0.70 points	0.43%	1.13%
Walmart Inc Common StockWMT	VFQY +0.67 points	0.23%	0.90%
The Coca-Cola CompanyKO	VFQY +0.67 points	0.15%	0.82%
Sandisk Corp CommonSNDK	VFQY +0.65 points	0.55%	1.20%
Travelers Cos Inc/TheTRV	VFQY +0.65 points	0.41%	1.06%
Tjx Cos Inc/The CommonTJX	VFQY +0.60 points	0.55%	1.15%
Intuit Inc Common StockINTU	VFQY +0.55 points	0.43%	0.98%
Kla Corp Common Stock USDKLAC	VFQY +0.51 points	0.68%	1.19%
Airbnb Inc Common StockABNB	VFQY +0.48 points	0.29%	0.77%
Lam Research Corp CommonLRCX	VFQY +0.47 points	0.80%	1.27%
Landstar System IncLSTR	VFQY +0.35 points	0.12%	0.47%
Exelixis Inc Common StockEXEL	VFQY +0.34 points	0.15%	0.49%
Fastenal Co Common StockFAST	VFQY +0.35 points	0.09%	0.44%
Best Buy Co Inc CommonBBY	VFQY +0.34 points	0.15%	0.49%
Apa Corp Common StockAPA	VFQY +0.31 points	0.08%	0.39%
Globe Life Inc CommonGL	VFQY +0.31 points	0.10%	0.41%
S&P Global Inc CommonSPGI	VFQY +0.30 points	0.41%	0.71%
Msc Industrial Direct CoMSM	VFQY +0.29 points	0.14%	0.43%
Toro Co/The Common StockTTC	VFQY +0.29 points	0.14%	0.43%
Renaissancere HoldingsRNR	VFQY +0.28 points	0.14%	0.42%
Monster Beverage CorpMNST	JQUA +0.28 points	0.37%	0.09%
Incyte Corp Common StockINCY	VFQY +0.26 points	0.15%	0.41%
Texas Instruments IncTXN	VFQY +0.27 points	0.91%	1.18%
Insulet Corp CommonPODD	VFQY +0.26 points	0.12%	0.38%
Cboe Global Markets IncCBOE	JQUA +0.26 points	0.30%	0.04%
Chemed Corp Common StockCHE	VFQY +0.27 points	0.17%	0.44%
Dexcom Inc Common StockDXCM	VFQY +0.24 points	0.18%	0.42%
Arch Capital Group LtdACGL	JQUA +0.23 points	0.26%	0.03%
Anglogold Ashanti PLCAU	VFQY +0.23 points	0.09%	0.32%
Ulta Beauty Inc CommonULTA	VFQY +0.23 points	0.17%	0.40%
The Procter & GamblePG	JQUA +0.22 points	1.05%	0.83%
Medpace Holdings IncMEDP	VFQY +0.23 points	0.21%	0.44%
Manhattan Associates IncMANH	VFQY +0.22 points	0.26%	0.48%
Netapp Inc Common StockNTAP	VFQY +0.21 points	0.31%	0.52%
Rollins Inc Common StockROL	VFQY +0.21 points	0.12%	0.33%
Pegasystems Inc CommonPEGA	VFQY +0.18 points	0.19%	0.37%
Nvr Inc Common Stock USDNVR	VFQY +0.19 points	0.13%	0.32%
Rambus Inc Common StockRMBS	JQUA +0.18 points	0.22%	0.04%
Armstrong WorldAWI	VFQY +0.18 points	0.10%	0.28%
Primerica Inc CommonPRI	VFQY +0.17 points	0.18%	0.35%
Exlservice Holdings IncEXLS	VFQY +0.17 points	0.15%	0.32%
Ubiquiti IncUI	VFQY +0.17 points	0.09%	0.26%
Emcor Group Inc CommonEME	VFQY +0.16 points	0.02%	0.18%
Teradyne Inc Common StockTER	JQUA +0.16 points	0.23%	0.07%
Donaldson Co Inc CommonDCI	VFQY +0.16 points	0.14%	0.30%
Church & Dwight Co IncCHD	JQUA +0.15 points	0.22%	0.07%
Williams-Sonoma IncWSM	VFQY +0.15 points	0.27%	0.42%
Docusign Inc CommonDOCU	VFQY +0.14 points	0.28%	0.42%
Qualcomm Inc Common StockQCOM	VFQY +0.14 points	0.63%	0.77%
Expedia Group Inc CommonEXPE	VFQY +0.14 points	0.24%	0.38%
On Holding AG CommonONON	VFQY +0.14 points	0.07%	0.21%
Gartner Inc Common StockIT	VFQY +0.13 points	0.28%	0.41%
The Allstate CorporationALL	VFQY +0.13 points	0.27%	0.40%
Grand Canyon EducationLOPE	VFQY +0.14 points	0.12%	0.26%
F5 Inc Common Stock USD 0FFIV	JQUA +0.13 points	0.22%	0.09%
Idexx Laboratories IncIDXX	VFQY +0.12 points	0.26%	0.38%
Crocs Inc Common StockCROX	VFQY +0.12 points	0.16%	0.28%
Axis Capital Holdings LtdAXS	VFQY +0.12 points	0.07%	0.19%
Deckers Outdoor CorpDECK	VFQY +0.11 points	0.17%	0.28%
Hartford Insurance GroupHIG	JQUA +0.11 points	0.21%	0.10%
Lululemon Athletica IncLULU	VFQY +0.12 points	0.16%	0.28%
United Therapeutics CorpUTHR	JQUA +0.11 points	0.28%	0.17%
Ptc Inc Common Stock USDPTC	JQUA +0.12 points	0.33%	0.21%
Procore Technologies IncPCOR	JQUA +0.11 points	0.23%	0.12%
Willis Towers Watson PLCWTW	VFQY +0.10 points	0.19%	0.29%
Atlassian Corp CommonTEAM	JQUA +0.10 points	0.28%	0.18%
Ralph Lauren Corp CommonRL	VFQY +0.10 points	0.20%	0.30%
Ww Grainger Inc CommonGWW	VFQY +0.09 points	0.32%	0.41%
Ebay Inc Common Stock USDEBAY	JQUA +0.08 points	0.34%	0.26%
Lockheed Martin CorpLMT	JQUA +0.08 points	0.50%	0.41%
Expand Energy Corp CommonEXE	JQUA +0.08 points	0.14%	0.06%
Ameriprise Financial IncAMP	VFQY +0.08 points	0.26%	0.34%
Klaviyo Inc Common StockKVYO	JQUA +0.08 points	0.11%	0.03%
Expeditors InternationalEXPD	JQUA +0.08 points	0.23%	0.15%
Acuity Inc Common StockAYI	VFQY +0.08 points	0.18%	0.26%
Trade Desk Inc/TheTTD	JQUA +0.08 points	0.10%	0.02%
Simpson Manufacturing CoSSD	VFQY +0.07 points	0.08%	0.15%
Cf Industries HoldingsCF	JQUA +0.08 points	0.23%	0.15%
Broadridge FinancialBR	JQUA +0.07 points	0.17%	0.10%
Old Dominion FreightODFL	JQUA +0.07 points	0.15%	0.08%
Paycom Software IncPAYC	VFQY +0.07 points	0.25%	0.32%
Hubspot Inc Common StockHUBS	VFQY +0.06 points	0.22%	0.28%
Maplebear Inc CommonCART	VFQY +0.06 points	0.24%	0.30%
Reddit Inc Common StockRDDT	VFQY +0.05 points	0.15%	0.20%
Sei Investments Co CommonSEIC	VFQY +0.05 points	0.21%	0.26%

All 308 JQUA holdings⁠All 403 VFQY 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 VFQY Cost

Overpaying VFQY vs JQUA

$206

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

JQUA 0.12%
$2,520
VFQY 0.13%
$2,726

Amount$10,000

Years30 years

Cost over time

JQUA 0.12%
VFQY 0.13%
Overpaying

Year by year

Year	JQUA	VFQY	Overpaying
10	$220	$238	$18
20	$859	$930	$71
30	$2,520	$2,726	$206

Expense ratio

0.12%JQUA, cheaper
0.13%VFQY

JQUA0.12%VFQY0.13%

0.12%0.60%

Middle half of US Quality Index funds
Median 0.39%

JQUA cheapest of 26 funds

VFQY 2nd cheapest of 26 funds

JQUA vs VFQY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JQUA 1.05%, better; VFQY 1.01%
Payout (12M): JQUA $0.79; VFQY $1.77
Last payment: JQUA $0.18; VFQY $0.38
Ex-dividend: JQUA Sep 22, 2026; VFQY Sep 23, 2026
Paid on: JQUA Sep 24, 2026; VFQY Sep 25, 2026
Frequency: JQUA Quarterly; VFQY Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

JQUAQuarterly · 37 paymentsAll JQUA payments⁠

VFQYQuarterly · 34 paymentsAll VFQY payments⁠

JQUA vs VFQY Risk

Fall from peak · 5 years

JQUA
VFQY

Risk facts

VolatilityStd dev, 3 years: JQUA 11.6%, betterVFQY 13.1%
Return per unit of riskSharpe ratio, 3 years: JQUA 1.47, betterVFQY 1.07
Worst fallMax drawdown, 5 years: JQUA −22.5%, betterVFQY −25.9%
Market sensitivityBeta, 5 years: JQUA 0.91VFQY 0.98; Market = 1

JQUA and VFQY 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 VFQY

In short

Stated mandate

Why people hold it

Worth knowing

How JQUA and VFQY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JQUA

Only in VFQY

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 VFQY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JQUA

Only in VFQY

Weight gaps