HEDG vs. HEQQ

Last updated Jun 4, 2026

HEDG (Equable Shares Hedged Equity ETF) and HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) are both exchange-traded funds - HEDG is a Equity Hedged fund tracking the Actively Managed, while HEQQ is a Nasdaq-100 fund managed by JPMorgan. Their correlation of 0.81 suggests significant overlap in exposure. HEDG charges 0.96%/yr vs 0.50%/yr for HEQQ.

Performance

HEDG vs. HEQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equable Shares Hedged Equity ETF (HEDG) and JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEDG achieves a 2.64% return, which is significantly lower than HEQQ's 4.67% return.

HEDG

• 1D: 0.00%
• 1M: 0.64%
• YTD: 2.64%
• 6M: 3.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEQQ

• 1D: -0.15%
• 1M: 0.96%
• YTD: 4.67%
• 6M: 4.45%
• 1Y: 17.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEDG vs. HEQQ - Yearly Performance Comparison

	2026 (YTD)	2025
HEDG Equable Shares Hedged Equity ETF	2.64%	3.16%
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	4.67%	1.91%

Correlation

The correlation between HEDG and HEQQ is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.81

HEDG vs. HEQQ - Sectors Allocation Comparison

Sectors	HEDG	HEQQ
Technology	36.2%	53.8%
Financial Services	11.9%	0.6%
Communication Services	10.9%	15.3%
Consumer Cyclical	10.1%	12.3%
Healthcare	8.4%	4.7%
Industrials	8.1%	3.0%
Consumer Defensive	4.9%	6.9%
Energy	3.5%	0.7%
Utilities	2.3%	1.8%
Real Estate	1.9%	0.2%
Basic Materials	1.8%	0.7%

Return for Risk

HEDG vs. HEQQ — Risk / Return Rank

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

HEQQ

HEQQ Risk / Return Rank: 59
HEQQ Sharpe Ratio Rank: 64
HEQQ Sortino Ratio Rank: 65
HEQQ Omega Ratio Rank: 69
HEQQ Calmar Ratio Rank: 47
HEQQ Martin Ratio Rank: 53

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.

HEDG vs. HEQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equable Shares Hedged Equity ETF (HEDG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HEDG	HEQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	1.74	-0.14

Drawdowns

HEDG vs. HEQQ - Drawdown Comparison

The maximum HEDG drawdown since its inception was -3.85%, smaller than the maximum HEQQ drawdown of -7.64%. Use the drawdown chart below to compare losses from any high point for HEDG and HEQQ.

Drawdown Indicators

	HEDG	HEQQ	Difference
Max Drawdown Largest peak-to-trough decline	-3.85%	-7.64%	+3.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.64%	—
Current Drawdown Current decline from peak	0.00%	-0.55%	+0.55%
Average Drawdown Average peak-to-trough decline	-0.39%	-1.11%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.93%	—

Volatility

Volatility by Period

	HEDG	HEQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.90%	8.14%	-2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.90%	10.89%	-4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.90%	10.89%	-4.99%

HEDG vs. HEQQ - Expense Ratio Comparison

HEDG has a 0.96% expense ratio, which is higher than HEQQ's 0.50% expense ratio.

Dividends

HEDG vs. HEQQ - Dividend Comparison

HEDG's dividend yield for the trailing twelve months is around 1.84%, more than HEQQ's 0.19% yield.

Position	TTM	2025
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	0.19%	0.19%

Frequently Asked Questions

Can I hold both HEDG and HEQQ in my portfolio?

HEDG and HEQQ have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HEDG or HEQQ?

On fees, HEQQ is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEDG or HEQQ?

HEQQ is cheaper with a 0.50% expense ratio, compared with 0.96% for HEDG.

Which ETF pays a higher dividend yield, HEDG or HEQQ?

HEDG has the higher dividend yield at 1.84%, compared with 0.19% for HEQQ.

What is the main difference between HEDG and HEQQ?

HEDG is categorized as Equity Hedged, while HEQQ is Nasdaq-100. They also come from different issuers: Equable Shares and JPMorgan. Their fees differ too: 0.96% for HEDG and 0.50% for HEQQ.