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Launched

JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF

HEQQNasdaqJ.P. MorganB

$59.63−0.49 (−0.82%)

At close: Nov 2, 2026, 4:00 PM ET

B55/ 100

Rank 15 of 31 in Nasdaq-100 Option Income

B55/100Rank 15 of 31inNasdaq-100 Option Income
Intraday session: down, 79 prints from 60.12 to 59.63. Range 59.63 to 60.37. Use the arrow keys to read each point.59.8060.0060.4010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$30M
1Y total return
+2.4%
Yield · Last 12 months
0.17%
Holdings
101
Avg volume · 30D
746 sh
52W range
low $55.32high $62.91
Launched

The ETF.net HEQQ Grade

Based on 5 of 6 pillars

B

Score 55 out of 100

Category
Nasdaq-100 Option Income⁠
Rank
15 of 31
Six-pillar profile for HEQQ. Scores out of 100: Cost 73, Risk 66, Mission not scored, Tradability 18, Holdings 46, Durability 44. Strongest: Cost (73). Weakest: Tradability (18). Based on 5 of 6 pillars.

Score 55 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.
    A73 out of 100
    Rank 9 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B66 out of 100
    Rank 10 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F18 out of 100
    Rank 28 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C46 out of 100
    Rank 15 of 23

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C44 out of 100
    Rank 20 of 31

Our read on HEQQ

ETF.net Research

In short

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.

Stated mandate

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.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 Performance

Launched Mar 26, 2025

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$10,235
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. HEQQ $10,235. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for HEQQ. Periods over one year show the average yearly return.
PeriodHEQQ
Year to date+2.3%
1 month−4.9%
3 months−0.4%
1 year+2.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HEQQ
YearReturn barHEQQ
2026 YTD+2.3%
2025+16.9%

Since listing, Mar 26, 2025

HEQQ in the news

HEQQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
0.17%Last 12 months
Payout per share
$0.10Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 6 payments from 2025 to 2026 YTD. Jun 24, 2025 $0.02; Sep 23, 2025 $0.04; Dec 16, 2025 $0.05; Mar 24, 2026 $0.0032; Jun 23, 2026 $0.03; Sep 22, 2026 $0.02. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 24, 2026$0.02
Jun 23, 2026Jun 25, 2026$0.03
Mar 24, 2026Mar 26, 2026$0.0032
Dec 16, 2025Dec 18, 2025$0.05
Sep 23, 2025Sep 25, 2025$0.04
Jun 24, 2025Jun 26, 2025$0.02

$10,000 in HEQQ 1 year ago paid $17.61 in dividends.

HEQQ Risk

Risk pillarB66 out of 100Rank 10 of 31 in Nasdaq-100 Option Income
How much the fund’s monthly returns vary, scaled to a year.
9.1%
Annualised · 19 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.01
vs 3-month T-bills · 19 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−7.6%
19 months · trough Mar 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.62
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

HEQQ Cost

Compare HEQQ and EDGQ

Overpaying vs EDGQ, cheapest in Nasdaq-100 Option Income

$9,979

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HEQQ 0.50%

    $9,979

  • EDGQ 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • HEQQ 0.50%
  • EDGQ 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530HEQQ $9,979EDGQ $0

Year by year

YearHEQQEDGQOverpaying
10$900$0$900
20$3,460$0$3,460
30$9,979$0$9,979

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