QGRD vs. JHDG

Last updated Aug 2, 2026

QGRD (Horizon NASDAQ-100 Defined Risk ETF) and JHDG (John Hancock Hedged Equity ETF) are both Equity Hedged funds. Both are actively managed. Their correlation of 0.81 means they have usually moved in the same direction. QGRD charges 0.85%/yr vs 0.49%/yr for JHDG.

Performance

QGRD vs. JHDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon NASDAQ-100 Defined Risk ETF (QGRD) and John Hancock Hedged Equity ETF (JHDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QGRD

• 1D: 0.40%
• 1M: -2.87%
• 6M: 6.57%
• YTD: 8.03%
• 1Y: 17.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.86%

JHDG

• 1D: 1.56%
• 1M: 2.75%
• 6M: —
• YTD: —
• 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)
JHDG John Hancock Hedged Equity ETF	$1.27M	$1.09M	$1.11M
QGRD Horizon NASDAQ-100 Defined Risk ETF	$4.82M	$2.43M	$1.27M

QGRD vs. JHDG - Yearly Performance Comparison

	2026 (YTD)
QGRD Horizon NASDAQ-100 Defined Risk ETF	11.94%
JHDG John Hancock Hedged Equity ETF	9.43%

Correlation

The correlation between QGRD and JHDG is 0.81, 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	0.81

Return for Risk

QGRD vs. JHDG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QGRD

QGRD Risk / Return Rank: 40
QGRD Sharpe Ratio Rank: 40
QGRD Sortino Ratio Rank: 38
QGRD Omega Ratio Rank: 38
QGRD Calmar Ratio Rank: 45
QGRD Martin Ratio Rank: 41

JHDG

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QGRD vs. JHDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon NASDAQ-100 Defined Risk ETF (QGRD) and John Hancock Hedged Equity ETF (JHDG). 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.

	QGRD	JHDG	Difference
Sharpe ratio: Return per unit of total volatility	1.01	—	—
Sortino ratio: Return per unit of downside risk	1.43	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.62	—	—
Martin ratio: Return relative to average drawdown	4.52	—	—

Drawdowns

QGRD vs. JHDG - Drawdown Comparison

The maximum QGRD drawdown since its inception was -9.41%, which is greater than JHDG's maximum drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for QGRD and JHDG.

Drawdown Indicators

	QGRD	JHDG	Difference
Max Drawdown Largest peak-to-trough decline	-9.41%	-3.25%	-6.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	—	—
Current Drawdown Current decline from peak	-6.25%	0.00%	-6.25%
Average Drawdown Average peak-to-trough decline	-2.40%	-0.70%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	—	—

Volatility

Volatility by Period

	QGRD	JHDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.15%	11.74%	+3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.75%	11.74%	+3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.75%	11.74%	+3.01%

QGRD vs. JHDG - Expense Ratio Comparison

QGRD has a 0.85% expense ratio, which is higher than JHDG's 0.49% expense ratio.

Dividends

QGRD vs. JHDG - Dividend Comparison

QGRD's dividend yield for the trailing twelve months is around 1.45%, more than JHDG's 0.10% yield.

Position	TTM	2025
JHDG John Hancock Hedged Equity ETF	0.10%	0.00%
QGRD Horizon NASDAQ-100 Defined Risk ETF	1.45%	1.57%

Frequently Asked Questions

Can I hold both QGRD and JHDG in my portfolio?

QGRD and JHDG have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QGRD or JHDG?

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, QGRD or JHDG?

JHDG is cheaper with a 0.49% expense ratio, compared with 0.85% for QGRD.

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

QGRD has the higher dividend yield at 1.45%, compared with 0.10% for JHDG.

What is the main difference between QGRD and JHDG?

They also come from different issuers: Horizon and John Hancock. Their fees differ too: 0.85% for QGRD and 0.49% for JHDG.