JHDG vs. HECO

Last updated Jul 28, 2026

JHDG (John Hancock Hedged Equity ETF) and HECO (State Street Galaxy Hedged Digital Asset Ecosystem ETF) are both exchange-traded funds - JHDG is a Equity Hedged fund actively managed by John Hancock, while HECO is a Blockchain fund actively managed by State Street. Both are actively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. JHDG charges 0.49%/yr vs 0.90%/yr for HECO.

Performance

JHDG vs. HECO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Hedged Equity ETF (JHDG) and State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JHDG

• 1D: -0.31%
• 1M: -0.79%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

HECO

• 1D: -1.98%
• 1M: -4.56%
• 6M: 40.95%
• YTD: 62.20%
• 1Y: 83.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 67.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	$90.63K	$59.44K	$468.91K
JHDG John Hancock Hedged Equity ETF	$1.11M	$1.05M	$1.10M

JHDG vs. HECO - Yearly Performance Comparison

	2026 (YTD)
JHDG John Hancock Hedged Equity ETF	5.74%
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	55.68%

Correlation

The correlation between JHDG and HECO is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.65

JHDG vs. HECO - Sectors Allocation Comparison

Sectors	JHDG	HECO
Technology	31.6%	44.1%
Consumer Cyclical	11.6%	-
Healthcare	11.2%	-
Financial Services	9.8%	51.5%
Industrials	8.3%	4.4%
Communication Services	8.1%	-
Consumer Defensive	6.2%	-
Energy	5.6%	-
Basic Materials	4.7%	1.8%
Real Estate	2.2%	-
Utilities	0.7%	-

Return for Risk

JHDG vs. HECO — Risk / Return Rank

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

JHDG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HECO

HECO Risk / Return Rank: 86
HECO Sharpe Ratio Rank: 91
HECO Sortino Ratio Rank: 85
HECO Omega Ratio Rank: 81
HECO Calmar Ratio Rank: 90
HECO Martin Ratio Rank: 83

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.

JHDG vs. HECO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Hedged Equity ETF (JHDG) and State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO). 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.

	JHDG	HECO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.25	—
Sortino ratio: Return per unit of downside risk	—	2.82	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	4.01	—
Martin ratio: Return relative to average drawdown	—	11.22	—

Drawdowns

JHDG vs. HECO - Drawdown Comparison

The maximum JHDG drawdown since its inception was -2.61%, smaller than the maximum HECO drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for JHDG and HECO.

Drawdown Indicators

	JHDG	HECO	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-44.59%	+41.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.03%	—
Current Drawdown Current decline from peak	-2.17%	-7.42%	+5.25%
Average Drawdown Average peak-to-trough decline	-0.66%	-11.20%	+10.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.50%	—

Volatility

Volatility by Period

	JHDG	HECO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	37.53%	-27.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.16%	44.08%	-33.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.16%	44.08%	-33.92%

JHDG vs. HECO - Expense Ratio Comparison

JHDG has a 0.49% expense ratio, which is lower than HECO's 0.90% expense ratio.

Dividends

JHDG vs. HECO - Dividend Comparison

JHDG's dividend yield for the trailing twelve months is around 0.10%, while HECO has not paid dividends to shareholders.

Position	TTM	2025	2024
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	0.00%	0.00%	2.61%
JHDG John Hancock Hedged Equity ETF	0.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHDG and HECO in my portfolio?

JHDG and HECO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHDG or HECO?

On fees, JHDG is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHDG or HECO?

JHDG is cheaper with a 0.49% expense ratio, compared with 0.90% for HECO.

Which ETF pays a higher dividend yield, JHDG or HECO?

JHDG has the higher dividend yield at 0.10%, compared with 0.00% for HECO.

What is the main difference between JHDG and HECO?

JHDG is categorized as Equity Hedged, while HECO is Blockchain. They also come from different issuers: John Hancock and State Street. Their fees differ too: 0.49% for JHDG and 0.90% for HECO.