HEQQ vs. XNDX.DE
HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) and XNDX.DE (Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD) are both Nasdaq-100 funds. A 0.66 correlation means they provide meaningful diversification when combined. HEQQ charges 0.50%/yr vs 0.18%/yr for XNDX.DE.
Performance
HEQQ vs. XNDX.DE - Performance Comparison
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Different Trading Currencies
HEQQ is traded in USD, while XNDX.DE is traded in EUR. To make them comparable, the XNDX.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HEQQ achieves a 4.36% return, which is significantly lower than XNDX.DE's 19.28% return.
HEQQ
- 1D
- -0.29%
- 1M
- 0.32%
- YTD
- 4.36%
- 6M
- 4.07%
- 1Y
- 16.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XNDX.DE
- 1D
- -0.70%
- 1M
- 8.56%
- YTD
- 19.28%
- 6M
- 19.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQQ vs. XNDX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 4.36% | 8.81% |
XNDX.DE Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD | 19.28% | -4.19% |
Correlation
The correlation between HEQQ and XNDX.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.66 |
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Return for Risk
HEQQ vs. XNDX.DE — Risk / Return Rank
HEQQ
XNDX.DE
HEQQ vs. XNDX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD (XNDX.DE). 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 | XNDX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | — | — |
| Martin ratioReturn relative to average drawdown | 8.59 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEQQ | XNDX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | 0.50 | +1.21 |
Drawdowns
HEQQ vs. XNDX.DE - Drawdown Comparison
The maximum HEQQ drawdown since its inception was -7.64%, smaller than the maximum XNDX.DE drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for HEQQ and XNDX.DE.
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Drawdown Indicators
| HEQQ | XNDX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.64% | -21.05% | +13.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -0.85% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -10.49% | +9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | — | — |
Volatility
HEQQ vs. XNDX.DE - Volatility Comparison
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Volatility by Period
| HEQQ | XNDX.DE | 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% | 32.09% | -23.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 32.09% | -21.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.87% | 32.09% | -21.22% |
HEQQ vs. XNDX.DE - Expense Ratio Comparison
HEQQ has a 0.50% expense ratio, which is higher than XNDX.DE's 0.18% expense ratio.
Dividends
HEQQ vs. XNDX.DE - Dividend Comparison
HEQQ's dividend yield for the trailing twelve months is around 0.19%, more than XNDX.DE's 0.09% yield.
| Position | TTM | 2025 |
|---|---|---|
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 0.19% | 0.19% |
XNDX.DE Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD | 0.09% | 0.00% |
Frequently Asked Questions
HEQQ and XNDX.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNDX.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNDX.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for HEQQ.
They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.50% for HEQQ and 0.18% for XNDX.DE.
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