GTEK vs HEQ
Goldman Sachs Future Tech Leaders Equity ETF vs John Hancock Hedged Equity & Income Fund
Which is better, GTEK or HEQ?
GTEK has been ahead.
GTEK has a lower expense ratio. GTEK led over 1Y, 3Y, 5Y and the full window. GTEK is less concentrated, with 32.4% of the fund in its ten largest positions against 48.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GTEK | HEQ |
|---|---|---|
| Expense Ratio | 0.75%Best | 1.16% |
| AUM | $244M | $148M |
| Dividend Yield | 0.00% | 8.10% |
| Holdings | 122 | 659 |
| YTD Return | +38.51%Best | +10.91% |
| 1Y Return | +43.93%Best | +15.19% |
| 3Y Return (annualized) | +33.08%Best | +15.69% |
| 5Y Return (annualized) | +7.36%Best | +6.94% |
| Volatility (annualized) | 27.1% | 13.5%Best |
| Max Drawdown | -53.8% | -25.4%Best |
| $10,000 over 5 years | $14,263Best | $13,986 |
| Top 10 Weight | 32.4%Best | 48.2% |
| Fund Family | Goldman Sachs Asset Management | John Hancock Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 14, 2021 | May 26, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Sep 16, 2021 to Oct 14, 2026 (5.1 years).
GTEK vs HEQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.1 years both funds cover.
GTEK vs HEQ Performance
Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is an ETF from Goldman Sachs Asset Management and John Hancock Hedged Equity & Income Fund (HEQ) is an ETF from John Hancock Investment Management. Over the past year GTEK returned +43.93% while HEQ returned +15.19%. Year to date, GTEK is up 38.51% versus a gain of 10.91% for HEQ.
Over three years, GTEK compounded at +33.08% per year against +15.69% for HEQ; over five years the annualized figures are +7.36% and +6.94% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GTEK has been the more volatile fund, with annualized monthly volatility of 27.1% compared with 13.5% for HEQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -53.8% for GTEK and -25.4% for HEQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GTEK charges 0.75% per year while HEQ charges 1.16%. On a $10,000 position that is $75 vs $116 annually, a gap of $41 per year that compounds over a long holding period. On income, GTEK currently yields 0.00% against 8.10% for HEQ.
Holdings Overlap
2.6% of GTEK's money is in holdings HEQ also owns. 1.9% of HEQ's money is in holdings GTEK also owns.
GTEK and HEQ share little of their money.
2 positions in common, counted across the 60 positions we hold weights for in GTEK and 54 in HEQ, against full books of 122 and 659.
What only one of them owns
Our book lists 40 positions for HEQ that do not appear in our book for GTEK (87.9% of the fund), and 26 for GTEK that do not appear in HEQ (43.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of GTEK and HEQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GTEK or HEQ?
GTEK has an expense ratio of 0.75% while HEQ charges 1.16%. GTEK is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, GTEK or HEQ?
Over the past year GTEK returned +43.93% vs +15.19% for HEQ, so GTEK leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GTEK or HEQ?
GTEK has been the more volatile fund at 27.1% annualized versus 13.5% for HEQ. Worst drawdown: GTEK -53.8% vs HEQ -25.4%.
Should I hold both GTEK and HEQ?
GTEK and HEQ have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GTEK and HEQ?
2.6% of GTEK's money is in holdings HEQ also owns. 1.9% of HEQ's is in holdings GTEK also owns. They hold 2 positions in common, counted across the 60 positions we hold weights for in GTEK and 54 in HEQ.
Which pays a higher dividend, GTEK or HEQ?
GTEK yields 0.00% while HEQ yields 8.10%, so HEQ currently pays the higher dividend yield.
Is HEQ better than GTEK?
GTEK has a lower expense ratio. GTEK led over 1Y, 3Y, 5Y and the full window. GTEK is less concentrated, with 32.4% of the fund in its ten largest positions against 48.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.