HEQQ vs QNXT
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF vs iShares Nasdaq-100 ex Top 30 ETF
Which is better, HEQQ or QNXT?
QNXT has been ahead.
QNXT has a lower expense ratio. QNXT led over 1Y and the full window. QNXT is less concentrated, with 30.2% 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 | QNXT |
|---|---|---|
| Expense Ratio | 0.50% | 0.20%Best |
| AUM | $31M | $28M |
| Dividend Yield | 0.16% | 0.71% |
| Holdings | 108 | 73 |
| YTD Return | +6.38% | +11.95%Best |
| 1Y Return | +8.87% | +11.64%Best |
| Volatility (annualized) | 8.3%Best | 14.1% |
| Max Drawdown | -7.6%Best | -13.8% |
| $10,000 over 1.5 years | $12,392 | $12,759Best |
| Top 10 Weight | 53.6% | 30.2%Best |
| Fund Family | J.P. Morgan Asset Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 26, 2025 | Oct 23, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 27, 2025 to Oct 14, 2026 (1.5 years).
HEQQ vs QNXT 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 1.5 years both funds cover.
HEQQ vs QNXT Performance
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is an ETF from J.P. Morgan Asset Management and iShares Nasdaq-100 ex Top 30 ETF (QNXT) is an ETF from iShares by BlackRock (US). Over the past year HEQQ returned +8.87% while QNXT returned +11.64%. Year to date, HEQQ is up 6.38% versus a gain of 11.95% for QNXT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QNXT has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 8.3% for HEQQ. 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 -7.6% for HEQQ and -13.8% for QNXT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HEQQ charges 0.50% per year while QNXT charges 0.20%. On a $10,000 position that is $50 vs $20 annually, a gap of $30 per year that compounds over a long holding period. On income, HEQQ currently yields 0.16% against 0.71% for QNXT.
Holdings Overlap
10.6% of HEQQ's money is in holdings QNXT also owns. 26.0% of QNXT's money is in holdings HEQQ also owns.
QNXT and HEQQ share little of their money.
16 positions in common, counted across the 98 positions we hold weights for in HEQQ and 71 in QNXT, against full books of 108 and 73.
What only one of them owns
Our book lists 49 positions for QNXT that do not appear in our book for HEQQ (67.6% of the fund), and 78 for HEQQ that do not appear in QNXT (87.3%).
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.
Top Shared Holdings
| Stock | Weight in HEQQ | Weight in QNXT | Difference |
|---|---|---|---|
| ADIAnalog Devices, Inc. | 2.01% | 3.66% | 1.65% |
| SHOP:CAShopify Inc | 0.60% | 3.36% | 2.76% |
| BKNGBooking Holdings, Inc. | 0.85% | 2.25% | 1.40% |
| REGNRegeneron Pharmaceuticals, Inc. | 0.93% | 1.39% | 0.46% |
| SNPSSynopsys | 0.52% | 1.75% | 1.23% |
| MNSTMonster Beverage Corp. | 0.62% | 1.54% | 0.92% |
| MELIMercadolibre Inc | 0.50% | 1.60% | 1.10% |
| MDLZMondelez International Inc Com A Npv | 0.70% | 1.38% | 0.68% |
| INTUIntuit, Inc. | 0.60% | 1.44% | 0.84% |
| APPAppLovin Corp. Com Cl A | 0.43% | 1.60% | 1.17% |
26.0% of QNXT is already inside HEQQ.
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 QNXT?
HEQQ has an expense ratio of 0.50% while QNXT charges 0.20%. QNXT is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, HEQQ or QNXT?
Over the past year HEQQ returned +8.87% vs +11.64% for QNXT, so QNXT leads on 1-year performance. Over the longest common window we track (2 years), HEQQ annualized +15.37% vs +17.64% for QNXT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEQQ or QNXT?
QNXT has been the more volatile fund at 14.1% annualized versus 8.3% for HEQQ. Worst drawdown: HEQQ -7.6% vs QNXT -13.8%.
Should I hold both HEQQ and QNXT?
HEQQ and QNXT have a monthly-return correlation of 0.76, 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 HEQQ and QNXT?
26.0% of QNXT's money is in holdings HEQQ also owns. 26.0% of QNXT's is in holdings HEQQ also owns. They hold 16 positions in common, counted across the 98 positions we hold weights for in HEQQ and 71 in QNXT.
Which pays a higher dividend, HEQQ or QNXT?
HEQQ yields 0.16% while QNXT yields 0.71%, so QNXT currently pays the higher dividend yield.
Is QNXT better than HEQQ?
QNXT has a lower expense ratio. QNXT led over 1Y and the full window. QNXT is less concentrated, with 30.2% 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.