QQQX.TO vs. HEQQ
QQQX.TO (Global X Nasdaq-100 Index ETF) and HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) are both Nasdaq-100 funds. Over the past year, QQQX.TO returned 39.67% vs 18.49% for HEQQ. A 0.69 correlation means they provide meaningful diversification when combined. QQQX.TO charges 0.15%/yr vs 0.50%/yr for HEQQ.
Performance
QQQX.TO vs. HEQQ - Performance Comparison
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Different Trading Currencies
QQQX.TO is traded in CAD, while HEQQ is traded in USD. To make them comparable, the HEQQ values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QQQX.TO achieves a 20.90% return, which is significantly higher than HEQQ's 7.66% return.
QQQX.TO
- 1D
- -2.66%
- 1M
- 2.65%
- YTD
- 20.90%
- 6M
- 19.59%
- 1Y
- 39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQQ
- 1D
- -0.83%
- 1M
- 2.88%
- YTD
- 7.66%
- 6M
- 6.35%
- 1Y
- 18.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQX.TO vs. HEQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQX.TO Global X Nasdaq-100 Index ETF | 20.90% | 22.02% |
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 7.66% | 12.05% |
Correlation
The correlation between QQQX.TO and HEQQ is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | 0.69 |
The correlation between QQQX.TO and HEQQ has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
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Return for Risk
QQQX.TO vs. HEQQ — Risk / Return Rank
QQQX.TO
HEQQ
QQQX.TO vs. HEQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq-100 Index ETF (QQQX.TO) and JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ). 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.
| QQQX.TO | HEQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.72 | +0.55 |
| Martin ratioReturn relative to average drawdown | 10.34 | 8.56 | +1.78 |
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Drawdowns
QQQX.TO vs. HEQQ - Drawdown Comparison
The maximum QQQX.TO drawdown since its inception was -22.62%, which is greater than HEQQ's maximum drawdown of -7.56%. Use the drawdown chart below to compare losses from any high point for QQQX.TO and HEQQ.
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Drawdown Indicators
| QQQX.TO | HEQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.62% | -7.56% | -15.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -6.83% | -5.35% |
Current DrawdownCurrent decline from peak | -3.64% | -0.83% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -1.55% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.16% | +1.69% |
Volatility
QQQX.TO vs. HEQQ - Volatility Comparison
Global X Nasdaq-100 Index ETF (QQQX.TO) has a higher volatility of 8.23% compared to JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) at 2.99%. This indicates that QQQX.TO's price experiences larger fluctuations and is considered to be riskier than HEQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQX.TO | HEQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 2.99% | +5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.91% | 7.28% | +6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 9.20% | +8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.17% | 12.05% | +9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.17% | 12.05% | +9.12% |
QQQX.TO vs. HEQQ - Expense Ratio Comparison
QQQX.TO has a 0.15% expense ratio, which is lower than HEQQ's 0.50% expense ratio.
Dividends
QQQX.TO vs. HEQQ - Dividend Comparison
QQQX.TO's dividend yield for the trailing twelve months is around 0.29%, more than HEQQ's 0.19% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 0.19% | 0.19% | 0.00% |
QQQX.TO Global X Nasdaq-100 Index ETF | 0.29% | 0.35% | 0.14% |
Frequently Asked Questions
QQQX.TO and HEQQ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQX.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQX.TO is cheaper with a 0.15% expense ratio, compared with 0.50% for HEQQ.
They also come from different issuers: Global X and JPMorgan. Their fees differ too: 0.15% for QQQX.TO and 0.50% for HEQQ.
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