- CUSIP
- 82889N764
- Issuer
- Simplify
- Inception Date
- Nov 1, 2021
- Region
- North America (U.S.)
- Category
- Equity Hedged, Options Trading, Actively Managed
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $317M
Share Price Chart
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Performance
HEQT Performance Chart
Simplify Hedged Equity ETF (HEQT) is up 4.8% since the beginning of the year. HEQT is currently trading at $33 per share.
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Returns By Period
Simplify Hedged Equity ETF (HEQT) has returned 4.76% so far this year and 14.00% over the past 12 months.
Simplify Hedged Equity ETF
- 1D
- -0.21%
- 1M
- 0.57%
- YTD
- 4.76%
- 6M
- 4.67%
- 1Y
- 14.00%
- 3Y*
- 13.21%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HEQT Monthly Returns History
Based on dividend-adjusted daily data since Nov 2, 2021, HEQT's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +6.3%, while the worst month was Apr 2022 at -4.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HEQT closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +3.6%, while the worst single day was Apr 4, 2025 at -2.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.25% | 0.12% | -2.74% | 4.51% | 1.67% | -0.00% | 4.76% | ||||||
| 2025 | 2.07% | -0.56% | -4.23% | 0.19% | 2.97% | 2.27% | 1.30% | 1.08% | 1.84% | 1.71% | 0.46% | 0.74% | 10.08% |
| 2024 | 0.91% | 2.65% | 1.63% | -1.66% | 3.90% | 2.60% | 0.83% | 1.97% | 1.79% | -0.03% | 3.93% | -1.42% | 18.30% |
| 2023 | 3.74% | -0.57% | 1.85% | 1.90% | 0.91% | 2.44% | 1.61% | -0.08% | -2.95% | -1.84% | 6.27% | 2.50% | 16.61% |
| 2022 | -3.68% | -1.90% | 1.51% | -4.59% | -0.13% | -1.23% | 3.92% | -1.19% | -3.51% | 2.62% | 2.24% | -2.22% | -8.25% |
| 2021 | -0.59% | 2.71% | 2.11% |
Benchmark Metrics
Simplify Hedged Equity ETF has an annualized alpha of 3.74%, beta of 0.45, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since November 02, 2021.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (50.97%) than losses (47.08%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.74% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.45 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.74%
- Beta
- 0.45
- R²
- 0.84
- Upside Capture
- 50.97%
- Downside Capture
- 47.08%
Expense Ratio
HEQT has an expense ratio of 0.43%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HEQT ranks 68 for risk / return — better than 68% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HEQT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.78 | -0.02 |
| Martin ratioReturn relative to average drawdown | 12.50 | 12.44 | +0.06 |
Dividends
Dividend History
Simplify Hedged Equity ETF provided a 1.20% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.38 | $0.38 | $1.04 | $0.89 | $0.07 |
Dividend yield | 1.20% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Hedged Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.38 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.38 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.80 | $1.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.89 |
| 2021 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify Hedged Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Simplify Hedged Equity ETF was 11.51%, occurring on Jun 16, 2022. Recovery took 243 trading sessions.
The current Simplify Hedged Equity ETF drawdown is 0.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -11.51%Jun 2022 | 5mo 12d | 11mo 25d | 1y 5moJan 2022 - Jun 2023 |
2025 selloff2025 | -10.57%Apr 2025 | 1mo 17d | 3mo 15d | 5mo 2dFeb 2025 - Jul 2025 |
2023 pullback2023 | -5.87%Oct 2023 | 1mo 27d | 24d | 2mo 21dAug 2023 - Nov 2023 |
2026 pullback2026 | -5.09%Mar 2026 | 1mo 2d | 17d | 1mo 19dFeb 2026 - Apr 2026 |
2024 pullback2024 | -5.04%Aug 2024 | 21d | 12d | 1mo 3dJul 2024 - Aug 2024 |
Drawdown Indicators
| HEQT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -56.78% | +45.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.09% | -9.10% | +4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -18.90% | +8.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.42% | -1.80% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -10.71% | +7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 2.03% | -0.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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