HEQQ vs. LQQ.PA
HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) and LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) are both Nasdaq-100 funds. Over the past year, HEQQ returned 12.99% vs 30886.74% for LQQ.PA. A 0.61 correlation means they provide meaningful diversification when combined. HEQQ charges 0.50%/yr vs 0.60%/yr for LQQ.PA.
Performance
HEQQ vs. LQQ.PA - Performance Comparison
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Different Trading Currencies
HEQQ is traded in USD, while LQQ.PA is traded in EUR. To make them comparable, the LQQ.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HEQQ achieves a 3.85% return, which is significantly lower than LQQ.PA's 25,608.77% return.
HEQQ
- 1D
- -0.83%
- 1M
- 0.16%
- 6M
- 2.15%
- YTD
- 3.85%
- 1Y
- 12.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQQ.PA
- 1D
- -1.86%
- 1M
- 19,506.49%
- 6M
- 24,968.92%
- YTD
- 25,608.77%
- 1Y
- 30,886.74%
- 3Y*
- 714.44%
- 5Y*
- 246.05%
- 10Y*
- 128.72%
HEQQ vs. LQQ.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 3.85% | 16.96% |
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage | 25,608.77% | 49.49% |
Correlation
The correlation between HEQQ and LQQ.PA is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | 0.61 |
The correlation between HEQQ and LQQ.PA has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
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Return for Risk
HEQQ vs. LQQ.PA — Risk / Return Rank
HEQQ
LQQ.PA
HEQQ vs. LQQ.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA). 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 | LQQ.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -888.45 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 109.92 | -108.64 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 1,293.45 | -1,291.74 |
| Martin ratioReturn relative to average drawdown | 6.60 | 4,184.70 | -4,178.09 |
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Drawdowns
HEQQ vs. LQQ.PA - Drawdown Comparison
The maximum HEQQ drawdown since its inception was -7.64%, smaller than the maximum LQQ.PA drawdown of -78.94%. Use the drawdown chart below to compare losses from any high point for HEQQ and LQQ.PA.
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Drawdown Indicators
| HEQQ | LQQ.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.64% | -78.94% | +71.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -22.82% | +15.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.21% | — |
Current DrawdownCurrent decline from peak | -1.33% | -2.46% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -16.62% | +15.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 7.08% | -5.11% |
Volatility
HEQQ vs. LQQ.PA - Volatility Comparison
The current volatility for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is 2.71%, while Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) has a volatility of 531.38%. This indicates that HEQQ experiences smaller price fluctuations and is considered to be less risky than LQQ.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEQQ | LQQ.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 531.38% | -528.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 531.58% | -524.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.62% | 20,066.92% | -20,058.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 8,967.26% | -8,956.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.79% | 6,334.63% | -6,323.84% |
HEQQ vs. LQQ.PA - Expense Ratio Comparison
HEQQ has a 0.50% expense ratio, which is lower than LQQ.PA's 0.60% expense ratio.
Dividends
HEQQ vs. LQQ.PA - Dividend Comparison
HEQQ's dividend yield for the trailing twelve months is around 0.22%, while LQQ.PA has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 0.22% | 0.19% |
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage | 0.00% | 0.00% |
Frequently Asked Questions
HEQQ and LQQ.PA have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
HEQQ is cheaper with a 0.50% expense ratio, compared with 0.60% for LQQ.PA.
They also come from different issuers: JPMorgan and Amundi. Their fees differ too: 0.50% for HEQQ and 0.60% for LQQ.PA.
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