Data as of Oct 27, 2026.
HEDG vs QQQ: Differences, Returns & Fees
Over the year to Oct 27, 2026, HEDG returned +9.4% to QQQ's +15.4%, and QQQ charges 0.18% to HEDG's 0.96%.
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Net assets: $427m on Jul 31, 2026 for Equable Shares Hedged Equity ETF, and $476.7bn on Oct 26, 2026 for Invesco QQQ Trust, Series 1.
Pair scorecard
QQQ costs 0.78 points a year less; their one-year returns differ by 6.0 points.
| Measure | HEDG | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.4% | +15.4% |
| Total return, 52 weeks | +9.4% | |
| Drawdown | ||
| Below its high | 5.1%, high on Oct 6, 2026 | |
| Against its benchmark | ||
| What it tracks | not published | Nasdaq-100 Index |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 5.8 points ahead | |
| Cost and size | ||
| Expense ratio | 0.96% | 0.18% |
| Net assets, HEDG as of Jul 31, 2026 and QQQ as of Oct 26, 2026 | $427m | $476.7bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 96% | |
| Top ten holdings, share of the fund | 46.6% | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.85 | |
| Beta to the S&P 500 | +0.28: about 0.28% for each 1% | |
| Its average week when the S&P 500 fell | fell 0.21% | |
| Down-week capture | 19.4% | |
| Weeks the S&P 500 fell | 25 of 52, by 1.10% on average | |
Side by side
HEDG and QQQ on the fields both publish, as of Oct 27, 2026. Source: ETFIQ.
HEDG
HEDG is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Oct 27, 2026, its weekly returns had a correlation of +0.85 with the S&P 500’s and a beta of +0.28, so for each 1% the index moved it moved about 0.28% the same way. The S&P 500 fell in 25 of those 52 weeks, by 1.10% on average. In the same weeks HEDG fell 0.21% on average, a down-week capture of 19.4%. Over the same 52 weeks HEDG returned +9.4% and a Treasury bill fund +3.7%, so it finished 5.8 percentage points ahead of cash.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 27, 2026 it returned +15.4% with distributions reinvested, against +15.4% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 26, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.6%. It sat 5.1% below its high of Oct 6, 2026 on Oct 27, 2026.
Questions people ask
- Are HEDG and QQQ in the same category?
- HEDG is an alternatives ETF and QQQ is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, HEDG or QQQ?
- In the year to Oct 27, 2026, with distributions reinvested, HEDG returned +9.4% and QQQ +15.4%.
- Which is cheaper, HEDG or QQQ?
- QQQ is cheaper, by 0.78 percentage points a year. That is about $78 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, HEDG against QQQ, data as of Oct 27, 2026. https://etfiq.com/compare/any/hedg-vs-qqq
ETFIQ. (Oct 27, 2026). HEDG against QQQ. Retrieved from https://etfiq.com/compare/any/hedg-vs-qqq
[HEDG against QQQ (ETFIQ, Oct 27, 2026)](https://etfiq.com/compare/any/hedg-vs-qqq)
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