HEQQ vs QRMI
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF vs Global X NASDAQ 100 Risk Managed Income ETF
Which is better, HEQQ or QRMI?
HEQQ has been ahead.
HEQQ has a lower expense ratio. HEQQ led over 1Y and the full window. QRMI is less concentrated, with 48.7% 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 | QRMI |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.60% |
| AUM | $31M | $15M |
| Dividend Yield | 0.16% | 12.35% |
| Holdings | 108 | 107 |
| YTD Return | +6.38%Best | +4.65% |
| 1Y Return | +8.87%Best | +8.47% |
| 3Y Return (annualized) | - | +8.12% |
| 5Y Return (annualized) | - | +2.56% |
| Volatility (annualized) | 8.3% | 6.2%Best |
| Max Drawdown | -7.6% | -5.0%Best |
| $10,000 over 1.5 years | $12,392Best | $10,920 |
| Top 10 Weight | 53.6% | 48.7%Best |
| Fund Family | J.P. Morgan Asset Management | GLOBALXETFS |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 26, 2025 | Aug 25, 2021 |
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 QRMI 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 QRMI Performance
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is an ETF from J.P. Morgan Asset Management and Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is an ETF from GLOBALXETFS. Over the past year HEQQ returned +8.87% while QRMI returned +8.47%. Year to date, HEQQ is up 6.38% versus a gain of 4.65% for QRMI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HEQQ has been the more volatile fund, with annualized monthly volatility of 8.3% compared with 6.2% for QRMI. 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 -5.0% for QRMI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HEQQ charges 0.50% per year while QRMI charges 0.60%. On a $10,000 position that is $50 vs $60 annually, a gap of $10 per year that compounds over a long holding period. On income, HEQQ currently yields 0.16% against 12.35% for QRMI.
Holdings Overlap
81.8% of HEQQ's money is in holdings QRMI also owns. 71.0% of QRMI's money is in holdings HEQQ also owns.
Most of HEQQ is already inside QRMI. Owning both mostly buys the same companies twice.
36 positions in common, counted across the 98 positions we hold weights for in HEQQ and 101 in QRMI, against full books of 108 and 107.
What only one of them owns
Our book lists 62 positions for QRMI that do not appear in our book for HEQQ (32.5% of the fund), and 60 for HEQQ that do not appear in QRMI (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 QRMI | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.80% | 8.77% | 0.03% |
| AAPLApple Inc | 8.10% | 7.60% | 0.50% |
| MSFTMicrosoft Corp_None_0 | 6.80% | 6.00% | 0.80% |
| MUMicron Technology, Inc. | 5.35% | 5.40% | 0.05% |
| GOOGAlphabet, Inc.- Cl C | 6.14% | 2.92% | 3.22% |
| AMZNAmazon.Com Inc | 4.79% | 4.22% | 0.57% |
| AMDAdvanced Micro Devices Inc. | 4.02% | 4.37% | 0.35% |
| METAMeta Platforms, Inc. | 3.47% | 3.40% | 0.07% |
| WMTWalmart, Inc. | 3.40% | 2.20% | 1.20% |
| TSLATesla Mtrs Inc | 2.51% | 2.93% | 0.42% |
81.8% of HEQQ is already inside QRMI.
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 QRMI?
HEQQ has an expense ratio of 0.50% while QRMI charges 0.60%. HEQQ is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, HEQQ or QRMI?
Over the past year HEQQ returned +8.87% vs +8.47% for QRMI, so HEQQ leads on 1-year performance. Over the longest common window we track (2 years), HEQQ annualized +15.37% vs +6.04% for QRMI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEQQ or QRMI?
HEQQ has been the more volatile fund at 8.3% annualized versus 6.2% for QRMI. Worst drawdown: HEQQ -7.6% vs QRMI -5.0%.
Should I hold both HEQQ and QRMI?
HEQQ and QRMI have a monthly-return correlation of 0.71, 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 QRMI?
81.8% of HEQQ's money is in holdings QRMI also owns. 71.0% of QRMI's is in holdings HEQQ also owns. They hold 36 positions in common, counted across the 98 positions we hold weights for in HEQQ and 101 in QRMI.
Which pays a higher dividend, HEQQ or QRMI?
HEQQ yields 0.16% while QRMI yields 12.35%, so QRMI currently pays the higher dividend yield.
Is QRMI better than HEQQ?
HEQQ has a lower expense ratio. HEQQ led over 1Y and the full window. QRMI is less concentrated, with 48.7% 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.