HEQQ vs IVV
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HEQQ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $31M | $907.0B | |
| Dividend Yield | 0.22% | 1.10% | |
| Holdings | 108 | 508 | |
| YTD Return | +4.27% | +12.28% | |
| 1Y Return | +11.12% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 8.6% | 15.1% | |
| Max Drawdown | -7.6% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2025 | May 15, 2000 |
HEQQ vs IVV Performance
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is a ETF from J.P. Morgan Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HEQQ returned +11.12% while IVV returned +20.94%. Year to date, HEQQ is up 4.27% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HEQQ charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, HEQQ currently yields 0.22% against 1.10% for IVV.
Holdings Overlap
HEQQ and IVV share 81 holdings out of 522 unique holdings combined, representing a 50.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, HEQQ or IVV?
HEQQ has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, HEQQ or IVV?
Over the past year HEQQ returned +11.12% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), HEQQ annualized +15.50% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, HEQQ or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 8.6% for HEQQ. Worst drawdown: HEQQ -7.6% vs IVV -56.5%.
Should I hold both HEQQ and IVV?
HEQQ and IVV have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between HEQQ and IVV?
HEQQ and IVV share 81 common holdings with a 50.6% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, HEQQ or IVV?
HEQQ yields 0.22% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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