QQHG vs. QGRD

Last updated Jun 25, 2026

QQHG (Invesco QQQ Hedged Advantage ETF) and QGRD (Horizon NASDAQ-100 Defined Risk ETF) are both Equity Hedged funds. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. QQHG charges 0.45%/yr vs 0.85%/yr for QGRD.

Performance

QQHG vs. QGRD - Performance Comparison

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

Returns By Period

In the year-to-date period, QQHG achieves a 8.81% return, which is significantly lower than QGRD's 10.89% return.

QQHG

• 1D: -0.23%
• 1M: -0.12%
• YTD: 8.81%
• 6M: 7.73%
• 1Y: 22.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QGRD

• 1D: -0.62%
• 1M: -0.38%
• YTD: 10.89%
• 6M: 9.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQHG vs. QGRD - Yearly Performance Comparison

	2026 (YTD)	2025
QQHG Invesco QQQ Hedged Advantage ETF	8.81%	10.19%
QGRD Horizon NASDAQ-100 Defined Risk ETF	10.89%	8.15%

Correlation

The correlation between QQHG and QGRD is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.94

Return for Risk

QQHG vs. QGRD — Risk / Return Rank

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

QQHG

QQHG Risk / Return Rank: 78
QQHG Sharpe Ratio Rank: 79
QQHG Sortino Ratio Rank: 77
QQHG Omega Ratio Rank: 78
QQHG Calmar Ratio Rank: 79
QQHG Martin Ratio Rank: 79

QGRD

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

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.

QQHG vs. QGRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Hedged Advantage ETF (QQHG) and Horizon NASDAQ-100 Defined Risk ETF (QGRD). 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.

	QQHG	QGRD	Difference
Sharpe ratio: Return per unit of total volatility	2.22	—	—
Sortino ratio: Return per unit of downside risk	3.05	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.63	—	—
Martin ratio: Return relative to average drawdown	13.63	—	—

Drawdowns

QQHG vs. QGRD - Drawdown Comparison

The maximum QQHG drawdown since its inception was -6.18%, smaller than the maximum QGRD drawdown of -9.41%. Use the drawdown chart below to compare losses from any high point for QQHG and QGRD.

Drawdown Indicators

	QQHG	QGRD	Difference
Max Drawdown Largest peak-to-trough decline	-6.18%	-9.41%	+3.23%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	—	—
Current Drawdown Current decline from peak	-2.60%	-3.77%	+1.17%
Average Drawdown Average peak-to-trough decline	-1.02%	-2.20%	+1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	—	—

Volatility

Volatility by Period

	QQHG	QGRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.13%	14.38%	-4.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.10%	14.38%	-4.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.10%	14.38%	-4.28%

QQHG vs. QGRD - Expense Ratio Comparison

QQHG has a 0.45% expense ratio, which is lower than QGRD's 0.85% expense ratio.

Dividends

QQHG vs. QGRD - Dividend Comparison

QQHG's dividend yield for the trailing twelve months is around 0.26%, less than QGRD's 1.41% yield.

Position	TTM	2025
QGRD Horizon NASDAQ-100 Defined Risk ETF	1.41%	1.57%
QQHG Invesco QQQ Hedged Advantage ETF	0.26%	0.17%

Frequently Asked Questions

Can I hold both QQHG and QGRD in my portfolio?

With a correlation of 0.94, QQHG and QGRD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QQHG or QGRD?

On fees, QQHG is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQHG or QGRD?

QQHG is cheaper with a 0.45% expense ratio, compared with 0.85% for QGRD.

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

QGRD has the higher dividend yield at 1.41%, compared with 0.26% for QQHG.

What is the main difference between QQHG and QGRD?

They also come from different issuers: Invesco and Horizon. Their fees differ too: 0.45% for QQHG and 0.85% for QGRD.