JHDG vs. QTR

Last updated Jul 28, 2026

JHDG (John Hancock Hedged Equity ETF) and QTR (Global X NASDAQ 100 Tail Risk ETF) are both exchange-traded funds - JHDG is a Equity Hedged fund actively managed by John Hancock, while QTR is a Nasdaq-100 fund tracking the NASDAQ-100 Quarterly Protective Put 90 Index. JHDG is actively managed, while QTR is passively managed. Their correlation of 0.80 means they have usually moved in the same direction. JHDG charges 0.49%/yr vs 0.60%/yr for QTR.

Performance

JHDG vs. QTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Hedged Equity ETF (JHDG) and Global X NASDAQ 100 Tail Risk ETF (QTR). 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*: —

QTR

• 1D: -0.35%
• 1M: -3.76%
• 6M: 7.36%
• YTD: 8.81%
• 1Y: 16.43%
• 3Y*: 17.00%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.13%

*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)
JHDG John Hancock Hedged Equity ETF	$1.11M	$1.05M	$1.10M
QTR Global X NASDAQ 100 Tail Risk ETF	$26.47K	$30.36K	$104.10K

JHDG vs. QTR - Yearly Performance Comparison

	2026 (YTD)
JHDG John Hancock Hedged Equity ETF	5.74%
QTR Global X NASDAQ 100 Tail Risk ETF	15.20%

Correlation

The correlation between JHDG and QTR is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.80

JHDG vs. QTR - Sectors Allocation Comparison

Sectors	JHDG	QTR
Technology	31.6%	60.9%
Consumer Cyclical	11.6%	10.7%
Healthcare	11.2%	3.6%
Financial Services	9.8%	0.2%
Industrials	8.3%	2.7%
Communication Services	8.1%	13.1%
Consumer Defensive	6.2%	6.2%
Energy	5.6%	0.5%
Basic Materials	4.7%	1.0%
Real Estate	2.2%	0.1%
Utilities	0.7%	1.1%

Return for Risk

JHDG vs. QTR — 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.

QTR

QTR Risk / Return Rank: 38
QTR Sharpe Ratio Rank: 40
QTR Sortino Ratio Rank: 38
QTR Omega Ratio Rank: 37
QTR Calmar Ratio Rank: 38
QTR Martin Ratio Rank: 39

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. QTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Hedged Equity ETF (JHDG) and Global X NASDAQ 100 Tail Risk ETF (QTR). 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	QTR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.00	—
Sortino ratio: Return per unit of downside risk	—	1.44	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.34	—
Martin ratio: Return relative to average drawdown	—	4.19	—

Drawdowns

JHDG vs. QTR - Drawdown Comparison

The maximum JHDG drawdown since its inception was -2.61%, smaller than the maximum QTR drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for JHDG and QTR.

Drawdown Indicators

	JHDG	QTR	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-31.72%	+29.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.29%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.99%	—
Current Drawdown Current decline from peak	-2.17%	-7.73%	+5.56%
Average Drawdown Average peak-to-trough decline	-0.66%	-8.69%	+8.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.93%	—

Volatility

Volatility by Period

	JHDG	QTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	16.55%	-6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.16%	18.31%	-8.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.16%	18.31%	-8.15%

JHDG vs. QTR - Expense Ratio Comparison

JHDG has a 0.49% expense ratio, which is lower than QTR's 0.60% expense ratio.

Dividends

JHDG vs. QTR - Dividend Comparison

JHDG's dividend yield for the trailing twelve months is around 0.10%, less than QTR's 17.16% yield.

Position	TTM	2025	2024	2023	2022	2021
JHDG John Hancock Hedged Equity ETF	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%
QTR Global X NASDAQ 100 Tail Risk ETF	17.16%	18.77%	0.50%	0.53%	0.36%	1.90%

Frequently Asked Questions

Can I hold both JHDG and QTR in my portfolio?

JHDG and QTR have a correlation of 0.80, 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 QTR?

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 QTR?

JHDG is cheaper with a 0.49% expense ratio, compared with 0.60% for QTR.

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

QTR has the higher dividend yield at 17.16%, compared with 0.10% for JHDG.

What is the main difference between JHDG and QTR?

JHDG is categorized as Equity Hedged, while QTR is Nasdaq-100. They also come from different issuers: John Hancock and Global X. Their fees differ too: 0.49% for JHDG and 0.60% for QTR.