JQUA vs PBUS: Holdings Overlap
JQUAJPMorgan U.S. Quality Factor ETF
JPMorgan · 289 holdings · $8.2B · as of 2026-04-30
Invesco · 537 holdings · $11.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (JQUA: 2026-04-30, PBUS: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are JQUA and PBUS?
JPMorgan U.S. Quality Factor ETF (JQUA, by JPMorgan) holds 289 positions; Invesco MSCI USA ETF (PBUS, by Invesco) holds 537. They have 194 holdings in common, and by portfolio weight the two funds are 41.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 41.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 194JQUA holds 289 · PBUS holds 537
- Weight in Shared Holdings
- JQUA 85%·PBUS 59%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in JQUA
95 of 289 positions (14.7% of the fund) are not held by PBUS. Showing the top 30 by weight.
Sector Breakdown
| Sector | JQUA | PBUS |
|---|---|---|
| Information Technology | 37.8% | 38.0% |
| Financials | 12.4% | 11.1% |
| Communication Services | 6.8% | 10.7% |
| Industrials | 10.0% | 8.5% |
| Consumer Discretionary | 9.6% | 9.7% |
| Other Sectors | 23.3% | 21.6% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JQUA | +3.6% | +18.6% | +24.4% | +19.8% | +13.4% | — | 1.05% |
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in JQUA vs PBUS →
Shared Holdings(194)
The top 10 shared positions account for 40% of the overlap, led by GOOGL, AVGO and NVDA.
 GOOGLAlphabet, Inc., Class A | 2.35% | 3.35% | 2.35% |
|---|---|---|---|
 AVGOBroadcom, Inc. | 2.11% | 3.05% | 2.11% |
 NVDANVIDIA Corp. | 2.05% | 7.77% | 2.05% |
 AAPLApple, Inc. | 2.01% | 6.94% | 2.01% |
 METAMeta Platforms, Inc., Class A | 1.71% | 2.09% | 1.71% |
 MSFTMicrosoft Corp. | 1.66% | 4.81% | 1.66% |
 MUMicron Technology, Inc. | 1.61% | 1.65% | 1.61% |
 AMDAdvanced Micro Devices, Inc. | 1.64% | 1.27% | 1.27% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.77% | 0.99% | 0.99% |
 XOMExxon Mobil Corp. | 1.89% | 0.93% | 0.93% |
 VVisa, Inc., Class A | 1.70% | 0.83% | 0.83% |
 JNJJohnson & Johnson | 1.70% | 0.82% | 0.82% |
 CSCOCisco Systems, Inc. | 1.21% | 0.72% | 0.72% |
 COSTCostco Wholesale Corp. | 1.44% | 0.64% | 0.64% |
 MAMastercard, Inc., Class A | 1.25% | 0.63% | 0.63% |
 LRCXLam Research Corp. | 1.15% | 0.60% | 0.60% |
 ABBVAbbVie, Inc. | 1.19% | 0.58% | 0.58% |
 PLTRPalantir Technologies, Inc., Class A | 0.86% | 0.54% | 0.54% |
 AMATApplied Materials, Inc. | 1.11% | 0.54% | 0.54% |
 CVXChevron Corp. | 0.75% | 0.53% | 0.53% |
 PGProcter & Gamble Co. (The) | 1.15% | 0.51% | 0.51% |
 HDHome Depot, Inc. (The) | 1.09% | 0.48% | 0.48% |
 MRKMerck & Co., Inc. | 0.94% | 0.45% | 0.45% |
 TXNTexas Instruments, Inc. | 0.85% | 0.42% | 0.42% |
 PMPhilip Morris International, Inc. | 0.44% | 0.42% | 0.42% |
Frequently Asked Questions
How much do JQUA and PBUS overlap?
JQUA and PBUS overlap by 41.6% of portfolio weight. They share 194 holdings (JQUA holds 289 positions and PBUS holds 537), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JQUA and PBUS?
The two portfolios are 41.6% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of JQUA and PBUS?
The largest positions held by both funds are GOOGL, AVGO, NVDA, AAPL and META. Together the top 10 shared positions account for 40% of the total overlap.
What does JQUA own that PBUS doesn't?
95 positions (14.7% of JQUA) are unique to JQUA, led by SNDK, LSCC and SPOT. In the other direction, 343 positions (40.9% of PBUS) are unique to PBUS.