QCLR vs. JHEQX

Last updated Jun 3, 2026

QCLR (Global X NASDAQ 100 Collar 95-110 ETF) and JHEQX (JPMorgan Hedged Equity Fund Class I) are both funds - QCLR is a Nasdaq-100 fund tracking the NASDAQ-100 Quarterly Collar 95-110 Index, while JHEQX is a Hedge Fund fund managed by JPMorgan. Over the past 3 years, QCLR returned 13.84%/yr vs 9.26%/yr for JHEQX. A 0.78 correlation means they provide meaningful diversification when combined. QCLR charges 0.60%/yr vs 0.58%/yr for JHEQX.

Performance

QCLR vs. JHEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Collar 95-110 ETF (QCLR) and JPMorgan Hedged Equity Fund Class I (JHEQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCLR achieves a 1.40% return, which is significantly higher than JHEQX's -1.74% return.

QCLR

• 1D: 0.02%
• 1M: 1.43%
• YTD: 1.40%
• 6M: 0.03%
• 1Y: 12.06%
• 3Y*: 13.84%
• 5Y*: —
• 10Y*: —

JHEQX

• 1D: 0.00%
• 1M: -0.06%
• YTD: -1.74%
• 6M: -0.94%
• 1Y: 7.28%
• 3Y*: 9.26%
• 5Y*: 6.99%
• 10Y*: 8.87%

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

QCLR vs. JHEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QCLR Global X NASDAQ 100 Collar 95-110 ETF	1.40%	11.27%	20.27%	28.87%	-18.87%	3.02%
JHEQX JPMorgan Hedged Equity Fund Class I	-1.74%	7.49%	18.23%	16.07%	-8.05%	2.26%

Correlation

The correlation between QCLR and JHEQX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021	0.78

The correlation between QCLR and JHEQX has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

Return for Risk

QCLR vs. JHEQX — Risk / Return Rank

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

QCLR

QCLR Risk / Return Rank: 31
QCLR Sharpe Ratio Rank: 34
QCLR Sortino Ratio Rank: 31
QCLR Omega Ratio Rank: 34
QCLR Calmar Ratio Rank: 25
QCLR Martin Ratio Rank: 30

JHEQX

JHEQX Risk / Return Rank: 14
JHEQX Sharpe Ratio Rank: 16
JHEQX Sortino Ratio Rank: 15
JHEQX Omega Ratio Rank: 18
JHEQX Calmar Ratio Rank: 10
JHEQX Martin Ratio Rank: 12

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.

QCLR vs. JHEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Collar 95-110 ETF (QCLR) and JPMorgan Hedged Equity Fund Class I (JHEQX). 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.

	QCLR	JHEQX	Difference
Sharpe ratio Return per unit of total volatility	1.23	1.18	+0.06
Sortino ratio Return per unit of downside risk	1.69	1.63	+0.06
Omega ratio Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio Return relative to maximum drawdown	1.22	1.08	+0.14
Martin ratio Return relative to average drawdown	4.39	3.78	+0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QCLR vs. JHEQX - Sharpe Ratio Comparison

The current QCLR Sharpe Ratio is 1.23, which is comparable to the JHEQX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of QCLR and JHEQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QCLR	JHEQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	1.18	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.87	-0.19

Drawdowns

QCLR vs. JHEQX - Drawdown Comparison

The maximum QCLR drawdown since its inception was -21.77%, which is greater than JHEQX's maximum drawdown of -18.85%. Use the drawdown chart below to compare losses from any high point for QCLR and JHEQX.

Drawdown Indicators

	QCLR	JHEQX	Difference
Max Drawdown Largest peak-to-trough decline	-21.77%	-18.85%	-2.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.22%	-6.88%	-3.34%
Max Drawdown (3Y) Largest decline over 3 years	-13.58%	-13.07%	-0.51%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.85%	—
Current Drawdown Current decline from peak	-0.89%	-3.03%	+2.14%
Average Drawdown Average peak-to-trough decline	-6.20%	-2.18%	-4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	1.96%	+0.88%

Volatility

QCLR vs. JHEQX - Volatility Comparison

The current volatility for Global X NASDAQ 100 Collar 95-110 ETF (QCLR) is 0.47%, while JPMorgan Hedged Equity Fund Class I (JHEQX) has a volatility of 0.50%. This indicates that QCLR experiences smaller price fluctuations and is considered to be less risky than JHEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCLR	JHEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	0.50%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	4.80%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	9.82%	6.34%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.43%	8.86%	+3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.43%	9.38%	+3.05%

QCLR vs. JHEQX - Expense Ratio Comparison

QCLR has a 0.60% expense ratio, which is higher than JHEQX's 0.58% expense ratio.

Dividends

QCLR vs. JHEQX - Dividend Comparison

QCLR's dividend yield for the trailing twelve months is around 14.68%, more than JHEQX's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHEQX JPMorgan Hedged Equity Fund Class I	0.62%	0.65%	0.75%	0.98%	0.99%	0.71%	1.11%	1.11%	1.13%	0.99%	1.35%	1.21%
QCLR Global X NASDAQ 100 Collar 95-110 ETF	14.68%	14.89%	8.89%	0.47%	0.27%	1.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QCLR and JHEQX in my portfolio?

QCLR and JHEQX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCLR or JHEQX?

JHEQX has higher volatility (0.50%) compared to QCLR (0.47%). In terms of maximum drawdown, QCLR dropped -21.77% vs JHEQX's -18.85%.

Which has better risk-adjusted returns?

QCLR currently has the higher Sharpe Ratio (1.23 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.