JHDG vs. HEQT
JHDG (John Hancock Hedged Equity ETF) and HEQT (Simplify Hedged Equity ETF) are both Equity Hedged funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. JHDG charges 0.49%/yr vs 0.43%/yr for HEQT.
Performance
JHDG vs. HEQT - Performance Comparison
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Returns By Period
JHDG
- 1D
- -0.62%
- 1M
- 1.17%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQT
- 1D
- -0.26%
- 1M
- 1.33%
- 6M
- 4.61%
- YTD
- 5.36%
- 1Y
- 12.83%
- 3Y*
- 13.21%
- 5Y*
- —
- 10Y*
- —
JHDG vs. HEQT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
JHDG John Hancock Hedged Equity ETF | 6.89% |
HEQT Simplify Hedged Equity ETF | 7.22% |
Correlation
The correlation between JHDG and HEQT is 0.72, 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 Apr 8, 2026 | 0.72 |
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Return for Risk
JHDG vs. HEQT — Risk / Return Rank
JHDG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HEQT
JHDG vs. HEQT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Hedged Equity ETF (JHDG) and Simplify Hedged Equity ETF (HEQT). 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 | HEQT | 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 | — | 2.53 | — |
| Martin ratioReturn relative to average drawdown | — | 11.37 | — |
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Drawdowns
JHDG vs. HEQT - Drawdown Comparison
The maximum JHDG drawdown since its inception was -2.61%, smaller than the maximum HEQT drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for JHDG and HEQT.
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Drawdown Indicators
| JHDG | HEQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.61% | -11.51% | +8.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.57% | — |
Current DrawdownCurrent decline from peak | -1.10% | -0.26% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -0.50% | -2.75% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.13% | — |
Volatility
JHDG vs. HEQT - Volatility Comparison
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Volatility by Period
| JHDG | HEQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.38% | 6.68% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.38% | 8.45% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.38% | 8.45% | +1.93% |
JHDG vs. HEQT - Expense Ratio Comparison
JHDG has a 0.49% expense ratio, which is higher than HEQT's 0.43% expense ratio.
Dividends
JHDG vs. HEQT - Dividend Comparison
JHDG's dividend yield for the trailing twelve months is around 0.10%, less than HEQT's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HEQT Simplify Hedged Equity ETF | 1.19% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% |
JHDG John Hancock Hedged Equity ETF | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JHDG and HEQT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HEQT is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEQT is cheaper with a 0.43% expense ratio, compared with 0.49% for JHDG.
HEQT has the higher dividend yield at 1.19%, compared with 0.10% for JHDG.
They also come from different issuers: John Hancock and Simplify. Their fees differ too: 0.49% for JHDG and 0.43% for HEQT.
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