# HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF)

JPMorgan · Alternatives ETFs · data as of Sep 18, 2026

In the S&P 500’s down weeks over the year to Sep 18, 2026, HEQQ fell 72% as much as the index.

## Key facts

- HEQQ, correlation with the S&P 500: +0.90, as of Sep 18, 2026.
- HEQQ, beta to the S&P 500: +0.65, as of Sep 18, 2026.
- HEQQ, down-week capture: 71.5%, as of Sep 18, 2026.
- HEQQ, against T-bills, 52 weeks: +4.7 pts, as of Sep 18, 2026.
- HEQQ, net assets: $31m (issuer page, as of Sep 18, 2026).
- HEQQ, expense ratio: 0.50% (485BPOS XBRL, Mar 18, 2025).

## HEQQ over each window to Sep 18, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | +0.6% | +2.3% | −1.7 pts |
| 6 months | +9.3% | +18.0% | −8.7 pts |
| 1 year | +8.6% | +16.6% | −7.9 pts |
| Since it listed | +23.8% | +36.5% | −12.7 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | JPMorgan | ETFIQ |
| Strategy | Hedged equity | ETFIQ, from its prospectus |
| Expense ratio | 0.50% | 485BPOS XBRL, Mar 18, 2025 |
| Net assets | $31m | issuer page, as of Sep 18, 2026 |
| Weeks measured | 52, from Sep 19, 2025 to Sep 18, 2026 | ETFIQ |
| Weeks the S&P 500 fell | 22 | ETFIQ |
| The S&P 500 in those weeks, on average | −1.24% | ETFIQ |
| HEQQ in those weeks, on average | −0.89% | ETFIQ |
| HEQQ total return over those weeks | +8.3% | ETFIQ |
| T-bills | +3.6% | ETFIQ |
| Listed since | Mar 27, 2025 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

### Does HEQQ move with the S&P 500?

Over the year to Sep 18, 2026, HEQQ’s weekly returns had a correlation of +0.90 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.65, so for each 1% the index moved it moved about 0.65% the same way.

### What did HEQQ do when stocks fell?

The S&P 500 fell in 22 of the 52 weeks to Sep 18, 2026, by 1.24% on average. In those weeks HEQQ fell 0.89% on average, a down-week capture of 71.5%.

### Did HEQQ earn more than cash?

Over the same 52 weeks HEQQ returned +8.3% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. HEQQ finished 4.7 percentage points ahead of it.

### What does HEQQ cost?

The prospectus expense ratio is 0.50% a year.

### Why is HEQQ listed as hedged equity?

ETFIQ files each fund by what its own prospectus says it does, and HEQQ’s, filed Mar 18, 2025, describes a hedged equity fund.


## Cite this page

ETFIQ, HEQQ, data as of Sep 18, 2026. https://etfiq.com/funds/heqq
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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