QQH vs. ASMH

Last updated Jul 17, 2026

QQH (HCM Defender 100 Index ETF) and ASMH (ASML Holding NV ADR Hedged ETF) are both Technology Equities funds - QQH tracks the HCM Defender 100 Index while ASMH tracks the ASML Holding NV Sponsored ADR. Both are passively managed. Over the past year, QQH returned 21.37% vs 143.52% for ASMH. A 0.64 correlation means they provide meaningful diversification when combined. QQH charges 1.14%/yr vs 0.19%/yr for ASMH.

Performance

QQH vs. ASMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCM Defender 100 Index ETF (QQH) and ASML Holding NV ADR Hedged ETF (ASMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQH achieves a 7.22% return, which is significantly lower than ASMH's 71.44% return.

QQH

• 1D: -1.80%
• 1M: -2.89%
• 6M: 6.37%
• YTD: 7.22%
• 1Y: 21.37%
• 3Y*: 19.18%
• 5Y*: 11.53%
• 10Y*: —

ASMH

• 1D: -2.11%
• 1M: 0.25%
• 6M: 36.58%
• YTD: 71.44%
• 1Y: 143.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQH vs. ASMH - Yearly Performance Comparison

	2026 (YTD)	2025
QQH HCM Defender 100 Index ETF	7.22%	41.94%
ASMH ASML Holding NV ADR Hedged ETF	71.44%	59.22%

Correlation

The correlation between QQH and ASMH is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.64

The correlation between QQH and ASMH has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.

Return for Risk

QQH vs. ASMH — Risk / Return Rank

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

QQH

QQH Risk / Return Rank: 30
QQH Sharpe Ratio Rank: 30
QQH Sortino Ratio Rank: 28
QQH Omega Ratio Rank: 29
QQH Calmar Ratio Rank: 31
QQH Martin Ratio Rank: 30

ASMH

ASMH Risk / Return Rank: 95
ASMH Sharpe Ratio Rank: 97
ASMH Sortino Ratio Rank: 93
ASMH Omega Ratio Rank: 89
ASMH Calmar Ratio Rank: 98
ASMH Martin Ratio Rank: 96

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.

QQH vs. ASMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCM Defender 100 Index ETF (QQH) and ASML Holding NV ADR Hedged ETF (ASMH). 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.

	QQH	ASMH	Difference
Sharpe ratio: Return per unit of total volatility	0.90	3.37	-2.47
Sortino ratio: Return per unit of downside risk	1.30	3.73	-2.42
Omega ratio: Gain probability vs. loss probability	1.17	1.45	-0.29
Calmar ratio: Return relative to maximum drawdown	1.33	9.79	-8.46
Martin ratio: Return relative to average drawdown	3.40	28.17	-24.78

QQH vs. ASMH - Sharpe Ratio Comparison

The current QQH Sharpe Ratio is 0.90, which is lower than the ASMH Sharpe Ratio of 3.37. The chart below compares the historical Sharpe Ratios of QQH and ASMH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQH vs. ASMH - Drawdown Comparison

The maximum QQH drawdown since its inception was -41.87%, which is greater than ASMH's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for QQH and ASMH.

Drawdown Indicators

	QQH	ASMH	Difference
Max Drawdown Largest peak-to-trough decline	-41.87%	-15.89%	-25.98%
Max Drawdown (1Y) Largest decline over 1 year	-16.18%	-14.75%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	-24.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.87%	—	—
Current Drawdown Current decline from peak	-7.11%	-10.51%	+3.40%
Average Drawdown Average peak-to-trough decline	-12.81%	-4.41%	-8.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.30%	5.17%	+1.13%

Volatility

QQH vs. ASMH - Volatility Comparison

The current volatility for HCM Defender 100 Index ETF (QQH) is 9.24%, while ASML Holding NV ADR Hedged ETF (ASMH) has a volatility of 18.11%. This indicates that QQH experiences smaller price fluctuations and is considered to be less risky than ASMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQH	ASMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.24%	18.11%	-8.87%
Volatility (6M) Calculated over the trailing 6-month period	18.78%	34.14%	-15.36%
Volatility (1Y) Calculated over the trailing 1-year period	23.80%	43.78%	-19.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.17%	41.26%	-19.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.02%	41.26%	-16.24%

QQH vs. ASMH - Expense Ratio Comparison

QQH has a 1.14% expense ratio, which is higher than ASMH's 0.19% expense ratio.

Dividends

QQH vs. ASMH - Dividend Comparison

QQH's dividend yield for the trailing twelve months is around 0.20%, less than ASMH's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ASMH ASML Holding NV ADR Hedged ETF	1.63%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQH HCM Defender 100 Index ETF	0.20%	0.21%	0.24%	0.27%	0.00%	0.00%	0.00%	0.21%

Frequently Asked Questions

Can I hold both QQH and ASMH in my portfolio?

QQH and ASMH have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQH or ASMH?

ASMH has higher volatility (18.11%) compared to QQH (9.24%). In terms of maximum drawdown, QQH dropped -41.87% vs ASMH's -15.89%.

Which ETF is better, QQH or ASMH?

On 1-year performance, ASMH leads with 143.52% vs 21.37% for QQH. On fees, ASMH is cheaper at 0.19% per year. On volatility, QQH has been the lower-risk option at 9.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQH or ASMH?

Over the 1-year period, ASMH has performed better with a 143.52% return vs 21.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQH or ASMH?

ASMH is cheaper with a 0.19% expense ratio, compared with 1.14% for QQH.

Which ETF pays a higher dividend yield, QQH or ASMH?

ASMH has the higher dividend yield at 1.63%, compared with 0.20% for QQH.

What is the main difference between QQH and ASMH?

QQH tracks HCM Defender 100 Index, while ASMH tracks ASML Holding NV Sponsored ADR. They also come from different issuers: Howard Capital Management and Precidian Funds. Their fees differ too: 1.14% for QQH and 0.19% for ASMH.

Which has better risk-adjusted returns?

ASMH currently has the higher Sharpe Ratio (3.37 vs 0.90), 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.