HEDG vs. QHDG

Last updated Jun 4, 2026

HEDG (Equable Shares Hedged Equity ETF) and QHDG (Innovator Hedged Nasdaq-100 ETF) are both Equity Hedged funds. HEDG is passively managed, while QHDG is actively managed. Their correlation of 0.86 suggests significant overlap in exposure. HEDG charges 0.96%/yr vs 0.79%/yr for QHDG.

Performance

HEDG vs. QHDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equable Shares Hedged Equity ETF (HEDG) and Innovator Hedged Nasdaq-100 ETF (QHDG). 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 higher than QHDG's 1.06% return.

HEDG

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

QHDG

• 1D: 0.00%
• 1M: 0.89%
• YTD: 1.06%
• 6M: 0.45%
• 1Y: 11.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEDG vs. QHDG - Yearly Performance Comparison

	2026 (YTD)	2025
HEDG Equable Shares Hedged Equity ETF	2.64%	3.16%
QHDG Innovator Hedged Nasdaq-100 ETF	1.06%	2.08%

Correlation

The correlation between HEDG and QHDG is 0.86, 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	0.86

HEDG vs. QHDG - Sectors Allocation Comparison

Sectors	HEDG	QHDG
Technology	36.2%	53.8%
Financial Services	11.9%	0.2%
Communication Services	10.9%	15.8%
Consumer Cyclical	10.1%	12.3%
Healthcare	8.4%	4.2%
Industrials	8.1%	2.8%
Consumer Defensive	4.9%	7.7%
Energy	3.5%	0.6%
Utilities	2.3%	1.4%
Real Estate	1.9%	0.1%
Basic Materials	1.8%	1.1%

Return for Risk

HEDG vs. QHDG — Risk / Return Rank

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

QHDG

QHDG Risk / Return Rank: 37
QHDG Sharpe Ratio Rank: 37
QHDG Sortino Ratio Rank: 34
QHDG Omega Ratio Rank: 40
QHDG Calmar Ratio Rank: 34
QHDG Martin Ratio Rank: 37

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. QHDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equable Shares Hedged Equity ETF (HEDG) and Innovator Hedged Nasdaq-100 ETF (QHDG). 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	QHDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	0.89	+0.71

Drawdowns

HEDG vs. QHDG - Drawdown Comparison

The maximum HEDG drawdown since its inception was -3.85%, smaller than the maximum QHDG drawdown of -15.29%. Use the drawdown chart below to compare losses from any high point for HEDG and QHDG.

Drawdown Indicators

	HEDG	QHDG	Difference
Max Drawdown Largest peak-to-trough decline	-3.85%	-15.29%	+11.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.00%	—
Current Drawdown Current decline from peak	0.00%	-0.97%	+0.97%
Average Drawdown Average peak-to-trough decline	-0.39%	-2.15%	+1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.04%	—

Volatility

Volatility by Period

	HEDG	QHDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.90%	8.79%	-2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.90%	12.46%	-6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.90%	12.46%	-6.56%

HEDG vs. QHDG - Expense Ratio Comparison

HEDG has a 0.96% expense ratio, which is higher than QHDG's 0.79% expense ratio.

Dividends

HEDG vs. QHDG - Dividend Comparison

HEDG's dividend yield for the trailing twelve months is around 1.84%, while QHDG has not paid dividends to shareholders.

Position	TTM	2025	2024
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%	0.00%
QHDG Innovator Hedged Nasdaq-100 ETF	0.00%	0.00%	0.02%

Frequently Asked Questions

Can I hold both HEDG and QHDG in my portfolio?

HEDG and QHDG have a correlation of 0.86, 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 QHDG?

On fees, QHDG is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEDG or QHDG?

QHDG is cheaper with a 0.79% expense ratio, compared with 0.96% for HEDG.

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

HEDG has the higher dividend yield at 1.84%, compared with 0.00% for QHDG.

What is the main difference between HEDG and QHDG?

They also come from different issuers: Equable Shares and Innovator. Their fees differ too: 0.96% for HEDG and 0.79% for QHDG.