Simplify Hedged Equity ETF (HEQT)
The Simplify Hedged Equity ETF (HEQT) aims for capital appreciation by blending US large-cap exposure with put-spread collars to diminish volatility. The fund employs a ladder of collars expiring over three months to offer a hedged equity experience resistant to rebalancing inconsistencies.
ETF Info
| CUSIP | 82889N764 |
|---|---|
| Issuer | Simplify Asset Management |
| Inception Date | Nov 1, 2021 |
| Category | Options Trading |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Alternatives |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
HEQT features an expense ratio of 0.53%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: HEQT vs. XEQT.TO, HEQT vs. VEQT.TO, HEQT vs. XCLR, HEQT vs. QQQ, HEQT vs. VFSUX, HEQT vs. SPY, HEQT vs. ACWI, HEQT vs. DGRW, HEQT vs. XMHQ, HEQT vs. SCHG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Simplify Hedged Equity ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Simplify Hedged Equity ETF had a return of 18.90% year-to-date (YTD) and 23.66% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 18.90% | 25.48% |
| 1 month | 1.86% | 2.14% |
| 6 months | 10.20% | 12.76% |
| 1 year | 23.66% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of HEQT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.91% | 2.65% | 1.63% | -1.66% | 3.90% | 2.60% | 0.83% | 1.98% | 1.79% | -0.03% | 18.90% | ||
| 2023 | 3.73% | -0.56% | 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 | -0.15% | 2.71% | 2.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of HEQT is 94, placing it in the top 6% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Simplify Hedged Equity ETF provided a 3.62% dividend yield over the last twelve months, with an annual payout of $1.08 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $1.08 | $1.04 | $0.89 | $0.07 |
Dividend yield | 3.62% | 4.11% | 3.93% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.28 | |
| 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.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.51% | Jan 5, 2022 | 113 | Jun 16, 2022 | 243 | Jun 6, 2023 | 356 |
| -5.87% | Aug 31, 2023 | 41 | Oct 27, 2023 | 16 | Nov 20, 2023 | 57 |
| -5.04% | Jul 17, 2024 | 16 | Aug 7, 2024 | 8 | Aug 19, 2024 | 24 |
| -2.99% | Sep 3, 2024 | 4 | Sep 6, 2024 | 6 | Sep 16, 2024 | 10 |
| -2.68% | Apr 1, 2024 | 15 | Apr 19, 2024 | 11 | May 6, 2024 | 26 |
Volatility
Volatility Chart
The current Simplify Hedged Equity ETF volatility is 2.21%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.