{"url":"https://etfiq.com/compare/alternatives/caos-vs-heqq","section":"compare","title":"CAOS vs HEQQ: Correlation to the S&P 500 | ETFIQ","description":"CAOS and HEQQ both run hedged equity strategies. Over the year to Nov 4, 2026, CAOS had a correlation of \u22120.15 with the S&P 500 and HEQQ +0.88.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, CAOS or HEQQ?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Nov 4, 2026, CAOS\u2019s weekly returns had a correlation of \u22120.15 with the S&P 500 and HEQQ\u2019s +0.88, so CAOS moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, CAOS or HEQQ?","acceptedAnswer":{"@type":"Answer","text":"In the 26 weeks the S&P 500 fell, by 1.07% a week on average, CAOS averaged +0.04% and HEQQ \u22121.03%, so CAOS returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, CAOS or HEQQ?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, CAOS finished 2.3 percentage points behind cash and HEQQ finished 0.1 percentage points behind cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, CAOS or HEQQ?","acceptedAnswer":{"@type":"Answer","text":"CAOS charges 0.63% a year and HEQQ charges 0.50%, so HEQQ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives ETFs","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"CAOS vs HEQQ","item":"https://etfiq.com/compare/alternatives/caos-vs-heqq"}]},{"@type":"WebPage","name":"CAOS vs HEQQ: Correlation to the S&P 500","description":"CAOS and HEQQ both run hedged equity strategies. Over the year to Nov 4, 2026, CAOS had a correlation of \u22120.15 with the S&P 500 and HEQQ +0.88.","url":"https://etfiq.com/compare/alternatives/caos-vs-heqq","dateModified":"2026-11-04","abstract":"Over the year to Nov 4, 2026, CAOS moved less with the S&P 500 than HEQQ: correlation \u22120.15 against +0.88.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of CAOS and HEQQ","description":"CAOS and HEQQ both run hedged equity strategies. Over the year to Nov 4, 2026, CAOS had a correlation of \u22120.15 with the S&P 500 and HEQQ +0.88.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/caos-vs-heqq","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]}],"characters":6891,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / CAOS vs HEQQ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n CAOS vs HEQQ: Correlation to the S&P 500\n\n Over the year to Nov 4, 2026, CAOS moved less with the S&P 500 than HEQQ: correlation \u22120.15 against +0.88.\n Copy this for sharing \n \n HEQQ costs 0.13 points a year less; their one-year returns differ by 2.6 points; CAOS is far larger, $728m against $30m.\n CAOS and HEQQ at a glance. As of Nov 4, 2026. Source: ETFIQ. CAOS HEQQ \n Expense ratio 0.63% 0.50% \n Net assets, as of Nov 3, 2026 $728m $30m \n Total return, 1 year +1.3% +3.","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, CAOS against HEQQ, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/caos-vs-heqq","a":{"ticker":"CAOS","name":"Alpha Architect Tail Risk ETF","issuer":"Alpha Architect","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, CAOS returned 1.3%. When the S&P 500 fell, it rose 0.04% a week.","url":"https://etfiq.com/funds/caos","key_facts":[{"label":"Correlation with the S&P 500","value":"\u22120.15","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"\u22120.01","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"\u22123.3%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"\u22122.3 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$728m","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.63%","as_of":"2026-01-28","source":"485BPOS XBRL, Jan 28, 2026"}]},"b":{"ticker":"HEQQ","name":"JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF","issuer":"JPMorgan","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, HEQQ returned 3.9%, against 14.8% for VOO.","url":"https://etfiq.com/funds/heqq","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.88","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.81","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"96.6%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"\u22120.1 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.2%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid quarterly), ex-date Sep 22, 2026","value":"$0.0168","as_of":"2026-09-22","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$30m","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2025-03-18","source":"485BPOS XBRL, Mar 18, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/alternatives/caos-vs-heqq"}