HEQQ vs TEC
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF vs Harbor Transformative Technologies ETF
Which is better, HEQQ or TEC?
TEC has been ahead.
HEQQ has a lower expense ratio. TEC led over 1Y and the full window. TEC is less concentrated, with 50.9% 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 | TEC |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.69% |
| AUM | $31M | $7M |
| Dividend Yield | 0.16% | 0.00% |
| Holdings | 108 | 88 |
| YTD Return | +6.38% | +20.68%Best |
| 1Y Return | +8.87% | +22.30%Best |
| Volatility (annualized) | 8.6%Best | 21.8% |
| Max Drawdown | -7.6%Best | -17.5% |
| $10,000 over 1.5 years | $13,004 | $17,518Best |
| Top 10 Weight | 53.6% | 50.9%Best |
| Fund Family | J.P. Morgan Asset Management | Harbor Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 26, 2025 | Apr 16, 2025 |
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: Apr 17, 2025 to Oct 14, 2026 (1.5 years).
HEQQ vs TEC 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 TEC Performance
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is an ETF from J.P. Morgan Asset Management and Harbor Transformative Technologies ETF (TEC) is an ETF from Harbor Funds. Over the past year HEQQ returned +8.87% while TEC returned +22.30%. Year to date, HEQQ is up 6.38% versus a gain of 20.68% for TEC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TEC has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 8.6% 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 -17.5% for TEC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HEQQ charges 0.50% per year while TEC charges 0.69%. On a $10,000 position that is $50 vs $69 annually, a gap of $19 per year that compounds over a long holding period. On income, HEQQ currently yields 0.16% against 0.00% for TEC.
Holdings Overlap
60.2% of HEQQ's money is in holdings TEC also owns. 62.8% of TEC's money is in holdings HEQQ also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 98 positions we hold weights for in HEQQ and 44 in TEC, against full books of 108 and 88.
What only one of them owns
Our book lists 20 positions for TEC that do not appear in our book for HEQQ (30.9% of the fund), and 74 for HEQQ that do not appear in TEC (38.8%).
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 TEC | Difference |
|---|---|---|---|
| AAPLApple, Inc | 8.10% | 7.92% | 0.18% |
| NVDANvidia Corp | 8.80% | 6.86% | 1.94% |
| MSFTMicrosoft Corp | 6.80% | 5.88% | 0.92% |
| AMZNAmazon.Com Inc | 4.79% | 4.98% | 0.19% |
| AMDAdvanced Micro Devices Inc | 4.02% | 5.24% | 1.22% |
| MUMicron Technology, Inc. | 5.35% | 3.34% | 2.01% |
| LRCXLrcx Uw Equity | 2.68% | 4.38% | 1.70% |
| METAMeta Platforms Inc | 3.47% | 3.15% | 0.32% |
| AVGOBroadcom Inc | 2.70% | 3.35% | 0.65% |
| TSLATesla Inc | 2.51% | 2.29% | 0.22% |
62.8% of TEC 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 TEC?
HEQQ has an expense ratio of 0.50% while TEC charges 0.69%. HEQQ is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, HEQQ or TEC?
Over the past year HEQQ returned +8.87% vs +22.30% for TEC, so TEC leads on 1-year performance. Over the longest common window we track (2 years), HEQQ annualized +19.14% vs +45.32% for TEC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEQQ or TEC?
TEC has been the more volatile fund at 21.8% annualized versus 8.6% for HEQQ. Worst drawdown: HEQQ -7.6% vs TEC -17.5%.
Should I hold both HEQQ and TEC?
HEQQ and TEC have a monthly-return correlation of 0.88, 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 TEC?
62.8% of TEC's money is in holdings HEQQ also owns. 62.8% of TEC's is in holdings HEQQ also owns. They hold 21 positions in common, counted across the 98 positions we hold weights for in HEQQ and 44 in TEC.
Which pays a higher dividend, HEQQ or TEC?
HEQQ yields 0.16% while TEC yields 0.00%, so HEQQ currently pays the higher dividend yield.
Is TEC better than HEQQ?
HEQQ has a lower expense ratio. TEC led over 1Y and the full window. TEC is less concentrated, with 50.9% 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.