HEQQ vs QNDX
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF vs State Street SPDR Portfolio Nasdaq 100 ETF
Which is better, HEQQ or QNDX?
QNDX costs less.
QNDX has a lower expense ratio. QNDX is less concentrated, with 47.3% of the fund in its ten largest positions against 53.6%.
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 | HEQQ | QNDX |
|---|---|---|
| Expense Ratio | 0.50% | 0.10%Best |
| AUM | $31M | $526M |
| Dividend Yield | 0.16% | 0.11% |
| Holdings | 108 | 104 |
| YTD Return | +6.38%Best | +2.84% |
| 1Y Return | +8.87% | - |
| Top 10 Weight | 53.6% | 47.3%Best |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 26, 2025 | Jun 24, 2026 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
HEQQ vs QNDX 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HEQQ vs QNDX Performance
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is an ETF from J.P. Morgan Asset Management and State Street SPDR Portfolio Nasdaq 100 ETF (QNDX) is an ETF from State Street Investment Management. Year to date, HEQQ is up 6.38% versus a gain of 2.84% for QNDX.
Past performance does not guarantee future results.
Fees and Cost Over Time
HEQQ charges 0.50% per year while QNDX charges 0.10%. On a $10,000 position that is $50 vs $10 annually, a gap of $40 per year that compounds over a long holding period. On income, HEQQ currently yields 0.16% against 0.11% for QNDX.
Holdings Overlap
80.2% of HEQQ's money is in holdings QNDX also owns. 66.4% of QNDX's money is in holdings HEQQ also owns.
Most of HEQQ is already inside QNDX. Owning both mostly buys the same companies twice.
34 positions in common, counted across the 98 positions we hold weights for in HEQQ and 102 in QNDX, against full books of 108 and 104.
What only one of them owns
Our book lists 63 positions for QNDX that do not appear in our book for HEQQ (32.3% of the fund), and 59 for HEQQ that do not appear in QNDX (17.5%).
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.
Top Shared Holdings
| Stock | Weight in HEQQ | Weight in QNDX | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.80% | 8.46% | 0.34% |
| AAPLApple Inc | 8.10% | 7.82% | 0.28% |
| MSFTMicrosoft Corp_None_0 | 6.80% | 5.90% | 0.90% |
| MUMicron Technology, Inc. | 5.35% | 4.86% | 0.49% |
| AMZNAmazon.Com Inc | 4.79% | 4.42% | 0.37% |
| GOOGAlphabet, Inc.- Cl C | 6.14% | 2.93% | 3.21% |
| AMDAdvanced Micro Devices Inc. | 4.02% | 3.72% | 0.30% |
| METAMeta Platforms, Inc. | 3.47% | 3.07% | 0.40% |
| WMTWalmart, Inc. | 3.40% | 2.31% | 1.09% |
| AVGOBroadcom Inc | 2.70% | 2.75% | 0.05% |
80.2% of HEQQ is already inside QNDX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HEQQ or QNDX?
HEQQ has an expense ratio of 0.50% while QNDX charges 0.10%. QNDX is the cheaper option, by $40 a year on a $10,000 investment.
What is the holdings overlap between HEQQ and QNDX?
80.2% of HEQQ's money is in holdings QNDX also owns. 66.4% of QNDX's is in holdings HEQQ also owns. They hold 34 positions in common, counted across the 98 positions we hold weights for in HEQQ and 102 in QNDX.
Which pays a higher dividend, HEQQ or QNDX?
HEQQ yields 0.16% while QNDX yields 0.11%, so HEQQ currently pays the higher dividend yield.
Is QNDX better than HEQQ?
QNDX has a lower expense ratio. QNDX is less concentrated, with 47.3% of the fund in its ten largest positions against 53.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.