- Issuer
- Innovator
- Inception Date
- Aug 19, 2024
- Region
- North America (U.S.)
- Category
- Equity Hedged
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $3M
Share Price Chart
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Performance
QHDG Performance Chart
Innovator Hedged Nasdaq-100 ETF (QHDG) is up 1.1% since the beginning of the year. QHDG is currently trading at $30 per share.
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Returns By Period
Innovator Hedged Nasdaq-100 ETF (QHDG) has returned 1.06% so far this year and 11.96% over the past 12 months.
Innovator Hedged Nasdaq-100 ETF
- 1D
- 0.00%
- 1M
- 0.89%
- YTD
- 1.06%
- 6M
- 0.45%
- 1Y
- 11.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
QHDG Monthly Returns History
Based on dividend-adjusted daily data since Aug 20, 2024, QHDG's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2026 with a return of +5.4%, while the worst month was Mar 2025 at -5.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, QHDG closed higher 60% of trading days. The best single day was Apr 9, 2025 with a return of +7.5%, while the worst single day was Apr 4, 2025 at -4.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.06% | -1.39% | -4.77% | 5.42% | 0.97% | 0.03% | 1.06% | ||||||
| 2025 | 1.67% | -1.60% | -4.99% | 1.34% | 4.84% | 1.37% | 2.10% | 0.95% | 3.83% | 2.69% | -0.16% | -0.19% | 12.13% |
| 2024 | -0.54% | 2.10% | 0.05% | 3.89% | 0.76% | 6.35% |
Benchmark Metrics
Innovator Hedged Nasdaq-100 ETF has an annualized alpha of -1.76%, beta of 0.70, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since August 21, 2024.
- This ETF participated in 65.17% of S&P 500 Index downside but only 56.57% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.70 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.76%
- Beta
- 0.70
- R²
- 0.86
- Upside Capture
- 56.57%
- Downside Capture
- 65.17%
Expense Ratio
QHDG has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QHDG ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator Hedged Nasdaq-100 ETF (QHDG) and compare them to S&P 500 Index.
| QHDG | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 2.39 | -1.02 |
Sortino ratioReturn per unit of downside risk | 1.86 | 3.25 | -1.40 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.11 | -1.40 |
Martin ratioReturn relative to average drawdown | 5.86 | 14.38 | -8.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Innovator Hedged Nasdaq-100 ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.01 |
Dividend yield | 0.00% | 0.00% | 0.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Innovator Hedged Nasdaq-100 ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator Hedged Nasdaq-100 ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator Hedged Nasdaq-100 ETF was 15.29%, occurring on Apr 8, 2025. Recovery took 70 trading sessions.
The current Innovator Hedged Nasdaq-100 ETF drawdown is 0.97%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.29%Apr 2025 | 1mo 17d | 3mo 14d | 5mo 1dFeb 2025 - Jul 2025 |
2026 pullback2026 | -7.00%Mar 2026 | 2mo 1d | — | 4mo 5dJan 2026 - now |
2024 pullback2024 | -4.38%Sep 2024 | 15d | 13d | 28dAug 2024 - Sep 2024 |
2025 pullback2025 | -4.10%Nov 2025 | 21d | 13d | 1mo 4dOct 2025 - Dec 2025 |
2025 pullback2025 | -3.57%Dec 2025 | 6d | 7d | 13dDec 2025 - Dec 2025 |
Drawdown Indicators
| QHDG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.29% | -56.78% | +41.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -9.10% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.97% | 0.00% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -10.72% | +8.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.97% | +0.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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