HEQQ vs. HEDG

Last updated Jun 3, 2026

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

Performance

HEQQ vs. HEDG - Performance Comparison

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

Returns By Period

In the year-to-date period, HEQQ achieves a 4.82% return, which is significantly higher than HEDG's 2.64% return.

HEQQ

• 1D: -0.28%
• 1M: 1.07%
• YTD: 4.82%
• 6M: 4.56%
• 1Y: 17.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEDG

• 1D: 0.03%
• 1M: 0.69%
• YTD: 2.64%
• 6M: 3.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEQQ vs. HEDG - Yearly Performance Comparison

	2026 (YTD)	2025
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	4.82%	1.91%
HEDG Equable Shares Hedged Equity ETF	2.64%	3.16%

Correlation

The correlation between HEQQ and HEDG 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

HEQQ vs. HEDG - Sectors Allocation Comparison

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

Return for Risk

HEQQ vs. HEDG — 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: 63
HEQQ Sortino Ratio Rank: 63
HEQQ Omega Ratio Rank: 68
HEQQ Calmar Ratio Rank: 46
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.

HEQQ vs. HEDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and Equable Shares Hedged Equity ETF (HEDG). 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	HEDG	Difference
Sharpe ratio Return per unit of total volatility	2.16	—	—
Sortino ratio Return per unit of downside risk	3.02	—	—
Omega ratio Gain probability vs. loss probability	1.42	—	—
Calmar ratio Return relative to maximum drawdown	2.33	—	—
Martin ratio Return relative to average drawdown	9.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HEQQ	HEDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.76	1.61	+0.15

Drawdowns

HEQQ vs. HEDG - Drawdown Comparison

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

Drawdown Indicators

	HEQQ	HEDG	Difference
Max Drawdown Largest peak-to-trough decline	-7.64%	-3.85%	-3.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.64%	—	—
Current Drawdown Current decline from peak	-0.40%	0.00%	-0.40%
Average Drawdown Average peak-to-trough decline	-1.11%	-0.39%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	—	—

Volatility

Volatility by Period

	HEQQ	HEDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.14%	5.92%	+2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.90%	5.92%	+4.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.90%	5.92%	+4.98%

HEQQ vs. HEDG - Expense Ratio Comparison

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

Dividends

HEQQ vs. HEDG - Dividend Comparison

HEQQ's dividend yield for the trailing twelve months is around 0.19%, less than HEDG's 1.84% 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 HEQQ and HEDG in my portfolio?

HEQQ and HEDG 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, HEQQ or HEDG?

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, HEQQ or HEDG?

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

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

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

What is the main difference between HEQQ and HEDG?

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