HNDX.DE vs. JEQA.DE
HNDX.DE (Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc)) and JEQA.DE (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc)) are both Nasdaq-100 funds. HNDX.DE is passively managed, while JEQA.DE is actively managed. Over the past year, HNDX.DE returned 26.80% vs 26.36% for JEQA.DE. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
HNDX.DE vs. JEQA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HNDX.DE achieves a 14.79% return, which is significantly higher than JEQA.DE's 11.19% return.
HNDX.DE
- 1D
- 1.36%
- 1M
- -3.09%
- 6M
- 16.12%
- YTD
- 14.79%
- 1Y
- 26.80%
- 3Y*
- 22.70%
- 5Y*
- 12.90%
- 10Y*
- 18.84%
JEQA.DE
- 1D
- 0.00%
- 1M
- 0.82%
- 6M
- 12.03%
- YTD
- 11.19%
- 1Y
- 26.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HNDX.DE vs. JEQA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HNDX.DE Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) | 14.79% | 17.83% | 2.71% |
JEQA.DE JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc) | 11.19% | 1.90% | 6.05% |
Correlation
The correlation between HNDX.DE and JEQA.DE is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.66 |
The correlation between HNDX.DE and JEQA.DE has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
HNDX.DE vs. JEQA.DE — Risk / Return Rank
HNDX.DE
JEQA.DE
HNDX.DE vs. JEQA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) (HNDX.DE) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc) (JEQA.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.
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.
| HNDX.DE | JEQA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 4.62 | -2.42 |
| Martin ratioReturn relative to average drawdown | 7.31 | 15.91 | -8.60 |
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Drawdowns
HNDX.DE vs. JEQA.DE - Drawdown Comparison
The maximum HNDX.DE drawdown since its inception was -37.18%, which is greater than JEQA.DE's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for HNDX.DE and JEQA.DE.
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Drawdown Indicators
| HNDX.DE | JEQA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.18% | -24.26% | -12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -5.73% | -6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -21.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.18% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -1.74% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -5.62% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 1.66% | +1.99% |
Volatility
HNDX.DE vs. JEQA.DE - Volatility Comparison
Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) (HNDX.DE) has a higher volatility of 8.86% compared to JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc) (JEQA.DE) at 5.05%. This indicates that HNDX.DE's price experiences larger fluctuations and is considered to be riskier than JEQA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNDX.DE | JEQA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 5.05% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 9.11% | +6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 12.79% | +6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 16.51% | +4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 16.51% | +3.70% |
HNDX.DE vs. JEQA.DE - Expense Ratio Comparison
Both HNDX.DE and JEQA.DE have an expense ratio of 0.35%.
Dividends
HNDX.DE vs. JEQA.DE - Dividend Comparison
Neither HNDX.DE nor JEQA.DE has paid dividends to shareholders.
Frequently Asked Questions
HNDX.DE and JEQA.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HNDX.DE and JEQA.DE have the same expense ratio: 0.35% per year.
They also come from different issuers: Amundi and JPMorgan.
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