HEQQ vs. JPLD

Last updated Aug 2, 2026

HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) and JPLD (JPMorgan Limited Duration Bond ETF) are both exchange-traded funds - HEQQ is a Nasdaq-100 fund actively managed by JPMorgan, while JPLD is a Short-Term Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, HEQQ returned 11.59% vs 3.80% for JPLD. Their 0.06 correlation means their historical movements had little consistent relationship. HEQQ charges 0.50%/yr vs 0.24%/yr for JPLD.

Performance

HEQQ vs. JPLD - Performance Comparison

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

Returns By Period

In the year-to-date period, HEQQ achieves a 2.75% return, which is significantly higher than JPLD's 1.57% return.

HEQQ

• 1D: 0.31%
• 1M: -0.71%
• 6M: 1.17%
• YTD: 2.75%
• 1Y: 11.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.65%

JPLD

• 1D: 0.04%
• 1M: 0.15%
• 6M: 0.97%
• YTD: 1.57%
• 1Y: 3.80%
• 3Y*: 5.75%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	$19.72K	$10.59K	$92.03K
JPLD JPMorgan Limited Duration Bond ETF	$14.99M	$21.36M	$24.34M

HEQQ vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	2.75%	16.96%
JPLD JPMorgan Limited Duration Bond ETF	1.57%	4.47%

Correlation

The correlation between HEQQ and JPLD is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.09
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.06

Return for Risk

HEQQ vs. JPLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HEQQ

HEQQ Risk / Return Rank: 46
HEQQ Sharpe Ratio Rank: 47
HEQQ Sortino Ratio Rank: 48
HEQQ Omega Ratio Rank: 47
HEQQ Calmar Ratio Rank: 40
HEQQ Martin Ratio Rank: 46

JPLD

JPLD Risk / Return Rank: 94
JPLD Sharpe Ratio Rank: 95
JPLD Sortino Ratio Rank: 96
JPLD Omega Ratio Rank: 95
JPLD Calmar Ratio Rank: 92
JPLD Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HEQQ vs. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and JPMorgan Limited Duration Bond ETF (JPLD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HEQQ	JPLD	Difference
Sharpe ratio: Return per unit of total volatility	1.18	2.78	-1.60
Sortino ratio: Return per unit of downside risk	1.73	4.26	-2.52
Omega ratio: Gain probability vs. loss probability	1.22	1.57	-0.35
Calmar ratio: Return relative to maximum drawdown	1.43	4.12	-2.69
Martin ratio: Return relative to average drawdown	5.30	18.72	-13.42

HEQQ vs. JPLD - Sharpe Ratio Comparison

The current HEQQ Sharpe Ratio is 1.18, which is lower than the JPLD Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of HEQQ and JPLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HEQQ vs. JPLD - Drawdown Comparison

The maximum HEQQ drawdown since its inception was -7.64%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for HEQQ and JPLD.

Drawdown Indicators

	HEQQ	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-7.64%	-1.17%	-6.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.64%	-1.00%	-6.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.17%	—
Current Drawdown Current decline from peak	-2.37%	0.00%	-2.37%
Average Drawdown Average peak-to-trough decline	-1.17%	-0.15%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	0.22%	+1.84%

Volatility

HEQQ vs. JPLD - Volatility Comparison

JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) has a higher volatility of 3.93% compared to JPMorgan Limited Duration Bond ETF (JPLD) at 0.36%. This indicates that HEQQ's price experiences larger fluctuations and is considered to be riskier than JPLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEQQ	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	0.36%	+3.57%
Volatility (6M) Calculated over the trailing 6-month period	7.37%	1.09%	+6.28%
Volatility (1Y) Calculated over the trailing 1-year period	9.28%	1.49%	+7.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.99%	1.82%	+9.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	1.82%	+9.17%

HEQQ vs. JPLD - Expense Ratio Comparison

HEQQ has a 0.50% expense ratio, which is higher than JPLD's 0.24% expense ratio.

Dividends

HEQQ vs. JPLD - Dividend Comparison

HEQQ's dividend yield for the trailing twelve months is around 0.22%, less than JPLD's 4.27% yield.

Position	TTM	2025	2024	2023
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	0.22%	0.19%	0.00%	0.00%
JPLD JPMorgan Limited Duration Bond ETF	3.91%	4.24%	4.47%	1.83%

Frequently Asked Questions

Can I hold both HEQQ and JPLD in my portfolio?

HEQQ and JPLD have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HEQQ or JPLD?

HEQQ has higher volatility (3.93%) compared to JPLD (0.36%). In terms of maximum drawdown, HEQQ dropped -7.64% vs JPLD's -1.17%.

Which ETF is better, HEQQ or JPLD?

On 1-year performance, HEQQ leads with 11.59% vs 3.80% for JPLD. On fees, JPLD is cheaper at 0.24% per year. On volatility, JPLD has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HEQQ or JPLD?

Over the 1-year period, HEQQ has performed better with a 11.59% return vs 3.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HEQQ or JPLD?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.50% for HEQQ.

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

JPLD has the higher dividend yield at 3.91%, compared with 0.22% for HEQQ.

What is the main difference between HEQQ and JPLD?

HEQQ is categorized as Nasdaq-100, while JPLD is Short-Term Bond. Their fees differ too: 0.50% for HEQQ and 0.24% for JPLD.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (2.78 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.