JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF
$62.72−0.03 (−0.05%)
- 0.50%
- $31M
- +10.8%
- 0.16%
- 0M sh
- $62.69
- low $55.32high $62.91
The ETF.net HEQQ Grade
B
Score 57 out of 100
- 13 of 31
Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A77 out of 100Rank 8 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 8 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F22 out of 100Rank 28 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C45 out of 100Rank 16 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C44 out of 100Rank 21 of 31
Our read on HEQQ
BJ.P. Morgan took its hedged equity playbook, the one built on overlapping option ladders, and pointed it at the Nasdaq-100. Active stock picking underneath, a rolling hedge on top, priced below the typical options-overlay fund.
HEQQ seeks capital appreciation from a portfolio of U.S. large- and mid-cap stocks resembling the Nasdaq-100, while using a laddered options strategy to reduce downside risk and pursue a significant portion of Nasdaq-100 returns with lower volatility.
Why people hold it
- Charges 0.50% a year, well under the median fee in its options-overlay peer group.
- The hedge is laddered across multiple option periods rather than pinned to a single expiration, so the overlay rolls instead of resetting all at once.am.jpmorgan.com
- Underneath sits an actively run book of about 100 US large and mid caps resembling the Nasdaq-100, not a mechanical index copy.
- Pays quarterly and lands in the upper half of its options-overlay cohort, with the low fee doing much of that work.
Worth knowing
- The hedge costs upside: the fund targets a significant portion of Nasdaq-100 returns with lower volatility, not the full index move.
- Thinly traded with a small asset base, so spreads can run wider than at the category's largest funds.
- Launched in 2025, so the record is short and the risk picture rests on limited history.
HEQQ Holdings
- Stocks
- 101
- 55%
- NVDA
Sectors
- Technology60.3%
- Communication12.7%
- Consumer Discretionary9.3%
- Consumer Staples5.4%
- Industrials4.5%
- Health Care4.3%
- Utilities1.3%
- Financials0.7%
- Energy0.6%
- Materials0.6%
- Real Estate0.2%
Geography
- United States93.40%
- Netherlands2.46%
- Singapore2.11%
- Canada1.11%
- Ireland0.49%
- United Kingdom0.32%
- China0.11%
HEQQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
HEQQ$11,079
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HEQQ |
|---|---|
| Year to date | +7.6% |
| 1 month | +2.3% |
| 3 months | +2.7% |
| 1 year | +10.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HEQQ |
|---|---|---|
| 2026 YTD | +7.6% | |
| 2025 | +16.9% |
HEQQ in the news
HEQQ Dividends
- 0.16%
- $0.10
- $0.02 per share
- Quarterly
Distribution history
HEQQ Risk
- 8.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.48
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −7.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.62
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HEQQ Cost
0.50%
HEQQ0.50%
- The middle half of Nasdaq-100 Option Income funds
- Median 0.71%
6 of the 30 Nasdaq-100 Option Income funds charge less.
Other funds in Nasdaq-100 Option Income
- BIQQQProShares - Nasdaq-100 High Income ETFExpense ratio 0.55%1 year return +20.8%
- BQRMIGlobal X - Nasdaq 100 Risk Managed Income ETFExpense ratio 0.60%1 year return +9.5%
- BQQQHNEOS Nasdaq-100 Hedged Equity Income ETFExpense ratio 0.68%1 year return +13.5%
- CQXQSGI Enhanced Nasdaq 100 ETFExpense ratio 0.98%1 year return +28.0%
- CCAIQCalamos Nasdaq Autocallable Income ETFExpense ratio 0.74%1 year return —