JHDG vs. HEDG

Last updated Jul 28, 2026

JHDG (John Hancock Hedged Equity ETF) and HEDG (Equable Shares Hedged Equity ETF) are both Equity Hedged funds. JHDG is actively managed, while HEDG is passively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. JHDG charges 0.49%/yr vs 0.96%/yr for HEDG.

Performance

JHDG vs. HEDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Hedged Equity ETF (JHDG) and Equable Shares Hedged Equity ETF (HEDG). 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*: —

HEDG

• 1D: -0.12%
• 1M: 0.92%
• 6M: 2.39%
• YTD: 3.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
HEDG Equable Shares Hedged Equity ETF	$1.01M	$817.41K	$1.20M
JHDG John Hancock Hedged Equity ETF	$1.11M	$1.05M	$1.10M

JHDG vs. HEDG - Yearly Performance Comparison

	2026 (YTD)
JHDG John Hancock Hedged Equity ETF	5.74%
HEDG Equable Shares Hedged Equity ETF	3.52%

Correlation

The correlation between JHDG and HEDG is 0.55, 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	0.55

JHDG vs. HEDG - Sectors Allocation Comparison

Sectors	JHDG	HEDG
Technology	31.6%	38.5%
Consumer Cyclical	11.6%	9.5%
Healthcare	11.2%	8.9%
Financial Services	9.8%	11.6%
Industrials	8.3%	8.4%
Communication Services	8.1%	9.9%
Consumer Defensive	6.2%	4.5%
Energy	5.6%	3.0%
Basic Materials	4.7%	1.7%
Real Estate	2.2%	1.8%
Utilities	0.7%	2.2%

Return for Risk

JHDG vs. HEDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Hedged Equity ETF (JHDG) and Equable Shares Hedged Equity ETF (HEDG). 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.

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

Drawdowns

JHDG vs. HEDG - Drawdown Comparison

The maximum JHDG drawdown since its inception was -2.61%, smaller than the maximum HEDG drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for JHDG and HEDG.

Drawdown Indicators

	JHDG	HEDG	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-3.85%	+1.24%
Current Drawdown Current decline from peak	-2.17%	-0.61%	-1.56%
Average Drawdown Average peak-to-trough decline	-0.66%	-0.38%	-0.28%

Volatility

Volatility by Period

	JHDG	HEDG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	5.70%	+4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.16%	5.70%	+4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.16%	5.70%	+4.46%

JHDG vs. HEDG - Expense Ratio Comparison

JHDG has a 0.49% expense ratio, which is lower than HEDG's 0.96% expense ratio.

Dividends

JHDG vs. HEDG - Dividend Comparison

JHDG's dividend yield for the trailing twelve months is around 0.10%, less than HEDG's 2.33% yield.

Position	TTM	2025
HEDG Equable Shares Hedged Equity ETF	2.33%	1.38%
JHDG John Hancock Hedged Equity ETF	0.10%	0.00%

Frequently Asked Questions

Can I hold both JHDG and HEDG in my portfolio?

JHDG and HEDG have a correlation of 0.55, 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 HEDG?

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 HEDG?

JHDG is cheaper with a 0.49% expense ratio, compared with 0.96% for HEDG.

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

HEDG has the higher dividend yield at 2.33%, compared with 0.10% for JHDG.

What is the main difference between JHDG and HEDG?

They also come from different issuers: John Hancock and Equable Shares. Their fees differ too: 0.49% for JHDG and 0.96% for HEDG.