HEQQ vs. QYLP.L

Last updated Jun 26, 2026

HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) and QYLP.L (Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP) are both Nasdaq-100 funds. Over the past year, HEQQ returned 14.48% vs 18.51% for QYLP.L. At a 0.46 correlation, their price movements are largely independent. HEQQ charges 0.50%/yr vs 0.45%/yr for QYLP.L.

Performance

HEQQ vs. QYLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HEQQ is traded in USD, while QYLP.L is traded in GBP. To make them comparable, the QYLP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HEQQ achieves a 4.29% return, which is significantly lower than QYLP.L's 6.04% return.

HEQQ

• 1D: 0.05%
• 1M: -0.02%
• YTD: 4.29%
• 6M: 3.18%
• 1Y: 14.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLP.L

• 1D: -0.50%
• 1M: -0.44%
• YTD: 6.04%
• 6M: 6.27%
• 1Y: 18.51%
• 3Y*: 13.27%
• 5Y*: —
• 10Y*: —

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

HEQQ vs. QYLP.L - Yearly Performance Comparison

	2026 (YTD)	2025
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	4.29%	16.96%
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP	6.04%	12.39%

Correlation

The correlation between HEQQ and QYLP.L is 0.51, 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	0.51
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.46

The correlation between HEQQ and QYLP.L has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

HEQQ vs. QYLP.L - Sectors Allocation Comparison

Sectors	HEQQ	QYLP.L
Technology	58.4%	19.7%
Communication Services	14.0%	7.7%
Consumer Cyclical	11.5%	15.0%
Consumer Defensive	5.8%	2.8%
Healthcare	4.1%	9.1%
Industrials	2.6%	18.4%
Utilities	1.5%	3.0%
Basic Materials	0.6%	1.6%
Energy	0.6%	0.2%
Financial Services	0.6%	19.8%
Real Estate	0.2%	1.9%

Return for Risk

HEQQ vs. QYLP.L — Risk / Return Rank

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

HEQQ

HEQQ Risk / Return Rank: 54
HEQQ Sharpe Ratio Rank: 58
HEQQ Sortino Ratio Rank: 58
HEQQ Omega Ratio Rank: 61
HEQQ Calmar Ratio Rank: 42
HEQQ Martin Ratio Rank: 49

QYLP.L

QYLP.L Risk / Return Rank: 91
QYLP.L Sharpe Ratio Rank: 89
QYLP.L Sortino Ratio Rank: 91
QYLP.L Omega Ratio Rank: 89
QYLP.L Calmar Ratio Rank: 94
QYLP.L Martin Ratio Rank: 92

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. QYLP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L). 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	QYLP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.02	-0.29
Sortino ratio: Return per unit of downside risk	2.45	3.00	-0.55
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	1.90	3.99	-2.08
Martin ratio: Return relative to average drawdown	7.41	17.12	-9.71

HEQQ vs. QYLP.L - Sharpe Ratio Comparison

The current HEQQ Sharpe Ratio is 1.73, which is comparable to the QYLP.L Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of HEQQ and QYLP.L, 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. QYLP.L - Drawdown Comparison

The maximum HEQQ drawdown since its inception was -7.64%, smaller than the maximum QYLP.L drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for HEQQ and QYLP.L.

Drawdown Indicators

	HEQQ	QYLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-7.64%	-19.69%	+12.05%
Max Drawdown (1Y) Largest decline over 1 year	-7.64%	-4.62%	-3.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.69%	—
Current Drawdown Current decline from peak	-0.91%	-1.96%	+1.05%
Average Drawdown Average peak-to-trough decline	-1.13%	-3.97%	+2.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.08%	+0.88%

Volatility

HEQQ vs. QYLP.L - Volatility Comparison

The current volatility for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is 2.61%, while Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) has a volatility of 3.30%. This indicates that HEQQ experiences smaller price fluctuations and is considered to be less risky than QYLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEQQ	QYLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	3.30%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	6.64%	7.57%	-0.93%
Volatility (1Y) Calculated over the trailing 1-year period	8.41%	9.12%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.84%	14.68%	-3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.84%	14.68%	-3.84%

HEQQ vs. QYLP.L - Expense Ratio Comparison

HEQQ has a 0.50% expense ratio, which is higher than QYLP.L's 0.45% expense ratio.

Dividends

HEQQ vs. QYLP.L - Dividend Comparison

HEQQ's dividend yield for the trailing twelve months is around 0.21%, less than QYLP.L's 11.29% yield.

Position	TTM	2025	2024	2023
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	0.21%	0.19%	0.00%	0.00%
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP	11.29%	11.71%	10.64%	10.92%

Frequently Asked Questions

Can I hold both HEQQ and QYLP.L in my portfolio?

HEQQ and QYLP.L have a correlation of 0.51, 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 QYLP.L?

On fees, QYLP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEQQ or QYLP.L?

QYLP.L is cheaper with a 0.45% expense ratio, compared with 0.50% for HEQQ.

What is the main difference between HEQQ and QYLP.L?

They also come from different issuers: JPMorgan and Global X. Their fees differ too: 0.50% for HEQQ and 0.45% for QYLP.L.