HEQ vs SPY
Comparison between John Hancock Hedged equity & Income Fund (HEQ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed HEQ, delivering a return of +13.3% compared to +7.7%
HEQ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HEQ vs SPY - Historical Returns
Returns include dividend reinvestment.
HEQ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HEQ | SPY |
|---|---|---|
| 2026 | +11.41% | +8.26% |
| 2025 | +14.87% | +18.00% |
| 2024 | +11.63% | +25.59% |
| 2023 | -4.59% | +26.72% |
| 2022 | -2.97% | -18.64% |
| 2021 | +26.11% | +30.52% |
| 2020 | -13.94% | +17.28% |
| 2019 | +25.50% | +31.09% |
| 2018 | -18.15% | -5.24% |
| 2017 | +21.02% | +20.78% |
| 2016 | +21.17% | +13.59% |
| 2015 | -2.20% | +1.31% |
| 2014 | +5.02% | +14.56% |
| 2013 | +17.83% | +29.00% |
| 2012 | +10.48% | +14.17% |
| 2011 | -23.41% | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
HEQ vs SPY Drawdown Comparison
The maximum drawdown for HEQ was -44.30%, occurring on Mar 23, 2020. Recovery took 365 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HEQ drawdown is -1.59%. The current SPY drawdown is -2.90%.
| Rank | HEQ | SPY |
|---|---|---|
| #1 | -44.30% Jan 15, 2020 - Jun 28, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -32.38% Jul 8, 2011 - Sep 18, 2013 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -26.16% May 11, 2018 - Dec 16, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -25.35% May 25, 2022 - Jun 11, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.69% Jul 24, 2014 - Aug 11, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -7.91% Jan 2, 2018 - May 1, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -7.73% Jul 14, 2021 - Jan 7, 2022 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -7.33% Oct 3, 2016 - Dec 22, 2016 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -7.12% Apr 18, 2022 - May 20, 2022 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.00% Jan 14, 2022 - Mar 29, 2022 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.91% Feb 25, 2026 - Apr 14, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.04% Oct 20, 2017 - Dec 19, 2017 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.98% Jul 31, 2017 - Sep 22, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.53% Sep 7, 2016 - Oct 3, 2016 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.51% Jan 22, 2014 - Feb 28, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HEQ and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
HEQ vs SPY dividend yield comparison.
| Year | HEQ | SPY |
|---|---|---|
| 2026 | 2.13% | 0.24% |
| 2025 | 9.30% | 1.07% |
| 2024 | 9.79% | 1.21% |
| 2023 | 10.75% | 1.40% |
| 2022 | 10.09% | 1.65% |
| 2021 | 8.92% | 1.20% |
| 2020 | 11.64% | 1.52% |
| 2019 | 10.09% | 1.75% |
| 2018 | 11.50% | 2.04% |
| 2017 | 10.44% | 1.80% |
| 2016 | 9.57% | 2.03% |
| 2015 | 10.40% | 2.06% |
| 2014 | 9.22% | 1.87% |
| 2013 | 7.88% | 1.81% |
| 2012 | 8.54% | 2.18% |
| 2011 | 4.57% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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