HEQQ vs. TQQQ.TO

Last updated Jun 4, 2026

HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) and TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) are both Nasdaq-100 funds. Their correlation of 0.83 suggests significant overlap in exposure.

Performance

HEQQ vs. TQQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HEQQ is traded in USD, while TQQQ.TO is traded in CAD. To make them comparable, the TQQQ.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HEQQ achieves a 4.67% return, which is significantly lower than TQQQ.TO's 59.22% return.

HEQQ

• 1D: -0.15%
• 1M: 0.96%
• YTD: 4.67%
• 6M: 4.45%
• 1Y: 17.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ.TO

• 1D: -1.32%
• 1M: 30.31%
• YTD: 59.22%
• 6M: 52.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEQQ vs. TQQQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	4.67%	11.17%
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	59.22%	40.58%

Correlation

The correlation between HEQQ and TQQQ.TO is 0.83, 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 Jun 18, 2025	0.83

Return for Risk

HEQQ vs. TQQQ.TO — 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: 64
HEQQ Sortino Ratio Rank: 65
HEQQ Omega Ratio Rank: 69
HEQQ Calmar Ratio Rank: 47
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. TQQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO). 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	TQQQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.11	—	—
Sortino ratio: Return per unit of downside risk	2.96	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.25	—	—
Martin ratio: Return relative to average drawdown	8.86	—	—
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	TQQQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	2.71	-0.97

Drawdowns

HEQQ vs. TQQQ.TO - Drawdown Comparison

The maximum HEQQ drawdown since its inception was -7.64%, smaller than the maximum TQQQ.TO drawdown of -38.03%. Use the drawdown chart below to compare losses from any high point for HEQQ and TQQQ.TO.

Drawdown Indicators

	HEQQ	TQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-7.64%	-38.03%	+30.39%
Max Drawdown (1Y) Largest decline over 1 year	-7.64%	—	—
Current Drawdown Current decline from peak	-0.55%	-1.32%	+0.77%
Average Drawdown Average peak-to-trough decline	-1.11%	-8.13%	+7.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	—	—

Volatility

Volatility by Period

	HEQQ	TQQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.14%	48.94%	-40.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.89%	48.94%	-38.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.89%	48.94%	-38.05%

Dividends

HEQQ vs. TQQQ.TO - Dividend Comparison

HEQQ's dividend yield for the trailing twelve months is around 0.19%, while TQQQ.TO has not paid dividends to shareholders.

Position	TTM	2025
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	0.19%	0.19%
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HEQQ and TQQQ.TO in my portfolio?

HEQQ and TQQQ.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HEQQ and TQQQ.TO?

They also come from different issuers: JPMorgan and Global X.