Innovator Hedged Nasdaq-100 ETF (QHDG) belongs to the Equity Hedged category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QHDG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QHDG
QHDG charges 0.79% annually. There are 15 ETFs in the Equity Hedged category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Global X S&P 500 Tail Risk ETF | 0.25% | 4.28M | Aug 2021 | QHDG vs XTR | |
| Global X S&P 500 Collar 95-110 ETF | 0.25% | 3.32M | Aug 2021 | QHDG vs XCLR | |
| Invesco S&P 500 Downside Hedged ETF | 0.39% | 76.65M | Dec 2012 | QHDG vs PHDG | |
| Simplify Hedged Equity ETF | 0.43% | 316.92M | Nov 2021 | QHDG vs HEQT | |
| Invesco QQQ Hedged Advantage ETF | 0.45% | — | May 2025 | QHDG vs QQHG |
Best Risk-Adjusted Alternatives to QHDG
QHDG has a PortfoliosLab risk / return rank of 38. There are 18 ETFs in the Equity Hedged category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 94 | — | Jun 2024 | QHDG vs MAXJ | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 92 | 87.41M | Sep 2024 | QHDG vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 83 | 82.27M | Sep 2024 | QHDG vs RFLR | |
| Kraneshares Hedgeye Hedged Equity Index ETF | 81 | 100.99M | Jul 2024 | QHDG vs KSPY | |
| Invesco QQQ Hedged Advantage ETF | 78 | — | May 2025 | QHDG vs QQHG |
Top Performing QHDG Alternatives (YTD)
QHDG is at 1.38% YTD. There are 23 ETFs in the Equity Hedged category with higher YTD returns, going as high as 72.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 72.76% | 87.41M | Sep 2024 | QHDG vs HECO | |
| Horizon NASDAQ-100 Defined Risk ETF | 11.58% | 79.22M | Jul 2025 | QHDG vs QGRD | |
| Innovator U.S. Small Cap Managed Floor ETF | 11.52% | 82.27M | Sep 2024 | QHDG vs RFLR | |
| Invesco S&P 500 Downside Hedged ETF | 9.81% | 76.65M | Dec 2012 | QHDG vs PHDG | |
| Invesco QQQ Hedged Advantage ETF | 9.06% | — | May 2025 | QHDG vs QQHG |
Lowest Volatility Alternatives to QHDG
QHDG has 8.77% 1-year volatility. There are 9 ETFs in the Equity Hedged category with lower 1-year volatility, going as low as 2.51%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 2.51% | — | Jun 2024 | QHDG vs MAXJ | |
| TrueShares Equity Hedge ETF | 5.36% | 14.37M | Jan 2026 | QHDG vs ONEH | |
| Equable Shares Hedged Equity ETF | 5.89% | 301.01M | May 2019 | QHDG vs HEDG | |
| MC Trio Equity Buffered ETF | 6.24% | — | Mar 2025 | QHDG vs TRIO | |
| Simplify Hedged Equity ETF | 6.64% | 316.92M | Nov 2021 | QHDG vs HEQT |
Lowest Drawdown Alternatives to QHDG
QHDG has a 1-year max drawdown of -7.00%. There are 12 ETFs in the Equity Hedged category with shallower 1-year drawdowns, going as shallow as -1.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | -1.70% | — | Jun 2024 | QHDG vs MAXJ | |
| Swan Hedged Equity US Large Cap ETF | -4.39% | 584.47M | Dec 2020 | QHDG vs HEGD | |
| Kraneshares Hedgeye Hedged Equity Index ETF | -4.46% | 100.99M | Jul 2024 | QHDG vs KSPY | |
| MC Trio Equity Buffered ETF | -4.47% | — | Mar 2025 | QHDG vs TRIO | |
| Simplify Hedged Equity ETF | -5.09% | 316.92M | Nov 2021 | QHDG vs HEQT |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 5 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 94 | 2.21% | 2.53B | Jun 2021 | QHDG vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 30 | 20.94% | 89.40M | Apr 2015 | QHDG vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 85 | 4.91% | 869.51M | Oct 2016 | QHDG vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 49 | 3.43% | 2.04B | Nov 2022 | QHDG vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 60 | 21.99% | 214.23M | Jul 2018 | QHDG vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 77 | 4.57% | 1.48B | Jan 2019 | QHDG vs PJAN | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 96 | 10.04% | 404.13M | Mar 2019 | QHDG vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 90 | 4.80% | 997.06M | Aug 2018 | QHDG vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 54 | 3.27% | 524.53M | Jan 2024 | QHDG vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 74 | 4.83% | 969.70M | Sep 2018 | QHDG vs POCT |
Often Compared With QHDG
Investors most often compare QHDG with THEQ, BAMU, DBE. These 11 comparison targets span 7 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Hedged Equity ETF | Equity Hedged | 57 | 5.28% | 36.51M | Mar 2025 | QHDG vs THEQ | |
| Brookstone Ultra-Short Bond ETF | Ultrashort Bond | 98 | 1.18% | 69.10M | Sep 2023 | QHDG vs BAMU | |
| Invesco DB Energy Fund | Oil & Gas | 40 | 53.97% | 94.72M | Jan 2007 | QHDG vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | Inflation-Protected Bonds | 98 | 2.43% | 85.97M | Sep 2023 | QHDG vs IBIC | |
| United States Brent Oil Fund LP | Oil & Gas | 29 | 50.21% | 883.37M | Jun 2010 | QHDG vs BNO | |
| iShares iBonds Oct 2027 Term TIPS ETF | Inflation-Protected Bonds | 95 | 1.94% | 115.32M | Sep 2023 | QHDG vs IBID | |
| MRP SynthEquity ETF | Equity Hedged | 59 | 7.12% | 147.91M | Mar 2025 | QHDG vs SNTH | |
| Alpha Architect Tail Risk ETF | Options Trading | 36 | 0.71% | 668.40M | Aug 2013 | QHDG vs CAOS | |
| Cambria Value and Momentum ETF | Momentum, Equity Hedged | 60 | 4.39% | 104.56M | Sep 2015 | QHDG vs VAMO | |
| Invesco DB Oil Fund | Oil & Gas | 31 | 50.16% | 240.68M | Jan 2007 | QHDG vs DBO | |
| Innovator IBD Breakout Opportunities ETF | Mid Cap Growth Equities | 51 | 31.88% | 15.73M | Sep 2018 | QHDG vs BOUT |
Compare QHDG with Any Fund or Stock
Compare QHDG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QHDG with funds that move differently
Innovator Hedged Nasdaq-100 ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QHDG.
Explore QHDG Diversifiers