JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF
$62.55−0.33 (−0.52%)
- Expense ratio
- 0.50%
- Fund size
- $31M
- 1Y return
- +10.3%
- Yield · Last 12 months
- 0.21%
- Holdings
- 98
- Volume · 30D
- 0M sh
- NAV per share
- $62.87
- 52W range
The ETF.net HEQQ Grade
Score 58 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 77Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 69Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 21Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 48Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 43Category rank
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
- 98
- 54%
- NVDA
Sectors
- Technology58.5%
- Communication13.1%
- Consumer Discr.10.5%
- Cons. Staples5.7%
- Health Care4.7%
- Industrials3.7%
- Utilities1.4%
- Financials0.8%
- Energy0.7%
- Materials0.6%
- Real Estate0.2%
Geography
- United States93.22%
- Netherlands2.43%
- Singapore2.40%
- Canada0.57%
- Ireland0.47%
- Uruguay0.46%
- United Kingdom0.34%
- 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.
Returns run to the Sep 22, 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 | +7.8% |
| 1 month | +3.2% |
| 3 months | +2.8% |
| 1 year | +10.3% |
| 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 | +7.8% | |
| 2025 | +16.9% |
HEQQ in the news
ETF.net Research hasn’t filed on HEQQ yet — coverage lands here as it’s written.
HEQQ Dividends
- 0.21%
- $0.13
- $0.03 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 25, 2026 | $0.03 |
| Mar 24, 2026 | Mar 26, 2026 | $0.0032 |
| Dec 16, 2025 | Dec 18, 2025 | $0.05 |
| Sep 23, 2025 | Sep 25, 2025 | $0.04 |
| Jun 24, 2025 | Jun 26, 2025 | $0.02 |
HEQQ Risk
- 8.6%
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.
- 1.36
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.
- 0.65
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
- The middle half of Nasdaq-100 Option Income funds
- Median 0.74%
7 of the 31 Nasdaq-100 Option Income funds charge less.