HEQQ vs. ANAU.DE
HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) and ANAU.DE (AXA IM NASDAQ 100 UCITS ETF - USD Acc) are both Nasdaq-100 funds. Over the past year, HEQQ returned 16.57% vs 40.55% for ANAU.DE. A 0.57 correlation means they provide meaningful diversification when combined. HEQQ charges 0.50%/yr vs 0.14%/yr for ANAU.DE.
Performance
HEQQ vs. ANAU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HEQQ achieves a 4.36% return, which is significantly lower than ANAU.DE's 19.26% return.
HEQQ
- 1D
- -0.29%
- 1M
- 0.32%
- YTD
- 4.36%
- 6M
- 4.07%
- 1Y
- 16.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ANAU.DE
- 1D
- -0.69%
- 1M
- 8.54%
- YTD
- 19.26%
- 6M
- 19.18%
- 1Y
- 40.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQQ vs. ANAU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 4.36% | 17.20% |
ANAU.DE AXA IM NASDAQ 100 UCITS ETF - USD Acc | 19.26% | 28.73% |
Correlation
The correlation between HEQQ and ANAU.DE is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.57 |
The correlation between HEQQ and ANAU.DE has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.
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Return for Risk
HEQQ vs. ANAU.DE — Risk / Return Rank
HEQQ
ANAU.DE
HEQQ vs. ANAU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and AXA IM NASDAQ 100 UCITS ETF - USD Acc (ANAU.DE). 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.
| HEQQ | ANAU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.71 | -1.53 |
| Martin ratioReturn relative to average drawdown | 8.59 | 13.31 | -4.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEQQ | ANAU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.53 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | 1.60 | +0.11 |
Drawdowns
HEQQ vs. ANAU.DE - Drawdown Comparison
The maximum HEQQ drawdown since its inception was -7.64%, smaller than the maximum ANAU.DE drawdown of -22.35%. Use the drawdown chart below to compare losses from any high point for HEQQ and ANAU.DE.
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Drawdown Indicators
| HEQQ | ANAU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.64% | -22.35% | +14.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -10.88% | +3.24% |
Current DrawdownCurrent decline from peak | -0.84% | -0.77% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -2.96% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 3.04% | -1.11% |
Volatility
HEQQ vs. ANAU.DE - Volatility Comparison
The current volatility for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is 1.33%, while AXA IM NASDAQ 100 UCITS ETF - USD Acc (ANAU.DE) has a volatility of 4.75%. This indicates that HEQQ experiences smaller price fluctuations and is considered to be less risky than ANAU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEQQ | ANAU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 4.75% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 11.91% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 15.96% | -7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 18.40% | -7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.87% | 18.40% | -7.53% |
HEQQ vs. ANAU.DE - Expense Ratio Comparison
HEQQ has a 0.50% expense ratio, which is higher than ANAU.DE's 0.14% expense ratio.
Dividends
HEQQ vs. ANAU.DE - Dividend Comparison
HEQQ's dividend yield for the trailing twelve months is around 0.19%, while ANAU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ANAU.DE AXA IM NASDAQ 100 UCITS ETF - USD Acc | 0.00% | 0.00% |
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 0.19% | 0.19% |
Frequently Asked Questions
HEQQ and ANAU.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ANAU.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ANAU.DE is cheaper with a 0.14% expense ratio, compared with 0.50% for HEQQ.
They also come from different issuers: JPMorgan and AXA IM. Their fees differ too: 0.50% for HEQQ and 0.14% for ANAU.DE.
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