ANXG.L vs. HEQQ

Last updated Jun 5, 2026

ANXG.L (Amundi Nasdaq-100 UCITS USD) and HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) are both Nasdaq-100 funds. Over the past year, ANXG.L returned 41.85% vs 17.70% for HEQQ. A 0.56 correlation means they provide meaningful diversification when combined. ANXG.L charges 0.13%/yr vs 0.50%/yr for HEQQ.

Performance

ANXG.L vs. HEQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Nasdaq-100 UCITS USD (ANXG.L) and JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ANXG.L is traded in GBp, while HEQQ is traded in USD. To make them comparable, the HEQQ values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ANXG.L achieves a 19.88% return, which is significantly higher than HEQQ's 4.78% return.

ANXG.L

• 1D: -0.64%
• 1M: 9.65%
• YTD: 19.88%
• 6M: 18.47%
• 1Y: 41.85%
• 3Y*: 24.84%
• 5Y*: 19.03%
• 10Y*: 22.61%

HEQQ

• 1D: -0.29%
• 1M: 1.24%
• YTD: 4.78%
• 6M: 3.35%
• 1Y: 17.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANXG.L vs. HEQQ - Yearly Performance Comparison

	2026 (YTD)	2025
ANXG.L Amundi Nasdaq-100 UCITS USD	19.88%	23.49%
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	4.78%	12.66%

Correlation

The correlation between ANXG.L and HEQQ is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025	0.56

The correlation between ANXG.L and HEQQ has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.

ANXG.L vs. HEQQ - Sectors Allocation Comparison

Sectors	ANXG.L	HEQQ
Technology	53.7%	53.8%
Communication Services	15.8%	15.3%
Consumer Cyclical	12.2%	12.3%
Consumer Defensive	7.7%	6.9%
Healthcare	4.2%	4.7%
Industrials	3.1%	3.0%
Utilities	1.4%	1.8%
Basic Materials	1.1%	0.7%
Energy	0.6%	0.7%
Financial Services	0.2%	0.6%
Real Estate	0.1%	0.2%

Return for Risk

ANXG.L vs. HEQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANXG.L

ANXG.L Risk / Return Rank: 78
ANXG.L Sharpe Ratio Rank: 87
ANXG.L Sortino Ratio Rank: 83
ANXG.L Omega Ratio Rank: 82
ANXG.L Calmar Ratio Rank: 75
ANXG.L Martin Ratio Rank: 62

HEQQ

HEQQ Risk / Return Rank: 57
HEQQ Sharpe Ratio Rank: 62
HEQQ Sortino Ratio Rank: 62
HEQQ Omega Ratio Rank: 67
HEQQ Calmar Ratio Rank: 44
HEQQ Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANXG.L vs. HEQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Nasdaq-100 UCITS USD (ANXG.L) and JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ANXG.L	HEQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.85	2.01	+0.84
Sortino ratio: Return per unit of downside risk	3.67	2.74	+0.93
Omega ratio: Gain probability vs. loss probability	1.48	1.37	+0.12
Calmar ratio: Return relative to maximum drawdown	3.75	3.00	+0.74
Martin ratio: Return relative to average drawdown	10.95	9.07	+1.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANXG.L vs. HEQQ - Sharpe Ratio Comparison

The current ANXG.L Sharpe Ratio is 2.85, which is higher than the HEQQ Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of ANXG.L and HEQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANXG.L	HEQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.01	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	1.25	-0.08

Drawdowns

ANXG.L vs. HEQQ - Drawdown Comparison

The maximum ANXG.L drawdown since its inception was -27.69%, which is greater than HEQQ's maximum drawdown of -7.79%. Use the drawdown chart below to compare losses from any high point for ANXG.L and HEQQ.

Drawdown Indicators

	ANXG.L	HEQQ	Difference
Max Drawdown Largest peak-to-trough decline	-27.69%	-7.79%	-19.90%
Max Drawdown (1Y) Largest decline over 1 year	-11.12%	-5.91%	-5.21%
Max Drawdown (3Y) Largest decline over 3 years	-24.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.69%	—	—
Current Drawdown Current decline from peak	-0.64%	-0.73%	+0.09%
Average Drawdown Average peak-to-trough decline	-5.35%	-1.55%	-3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	1.96%	+1.85%

Volatility

ANXG.L vs. HEQQ - Volatility Comparison

Amundi Nasdaq-100 UCITS USD (ANXG.L) has a higher volatility of 4.14% compared to JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) at 1.87%. This indicates that ANXG.L's price experiences larger fluctuations and is considered to be riskier than HEQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANXG.L	HEQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	1.87%	+2.27%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	6.53%	+3.86%
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	8.84%	+5.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.12%	12.06%	+7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	12.06%	+7.25%

ANXG.L vs. HEQQ - Expense Ratio Comparison

ANXG.L has a 0.13% expense ratio, which is lower than HEQQ's 0.50% expense ratio.

Dividends

ANXG.L vs. HEQQ - Dividend Comparison

ANXG.L has not paid dividends to shareholders, while HEQQ's dividend yield for the trailing twelve months is around 0.19%.

Position	TTM	2025
ANXG.L Amundi Nasdaq-100 UCITS USD	0.00%	0.00%
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	0.19%	0.19%

Frequently Asked Questions

Can I hold both ANXG.L and HEQQ in my portfolio?

ANXG.L and HEQQ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ANXG.L or HEQQ?

On fees, ANXG.L is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ANXG.L or HEQQ?

ANXG.L is cheaper with a 0.13% expense ratio, compared with 0.50% for HEQQ.

What is the main difference between ANXG.L and HEQQ?

They also come from different issuers: Amundi and JPMorgan. Their fees differ too: 0.13% for ANXG.L and 0.50% for HEQQ.