Simplify Hedged Equity ETF (HEQT) belongs to the Equity Hedged category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HEQT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HEQT
HEQT charges 0.43% annually. There are 3 ETFs in the Equity Hedged category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Global X S&P 500 Collar 95-110 ETF | 0.25% | 3.32M | Aug 2021 | HEQT vs XCLR | |
| Global X S&P 500 Tail Risk ETF | 0.25% | 4.28M | Aug 2021 | HEQT vs XTR | |
| Invesco S&P 500 Downside Hedged ETF | 0.39% | 76.65M | Dec 2012 | HEQT vs PHDG | |
| Invesco QQQ Hedged Advantage ETF | 0.45% | — | May 2025 | HEQT vs QQHG | |
| T. Rowe Price Hedged Equity ETF | 0.46% | 36.51M | Mar 2025 | HEQT vs THEQ |
Best Risk-Adjusted Alternatives to HEQT
HEQT has a PortfoliosLab risk / return rank of 68. There are 10 ETFs in the Equity Hedged category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 95 | — | Jun 2024 | HEQT vs MAXJ | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 91 | 87.41M | Sep 2024 | HEQT vs HECO | |
| Kraneshares Hedgeye Hedged Equity Index ETF | 86 | 100.99M | Jul 2024 | HEQT vs KSPY | |
| Invesco QQQ Hedged Advantage ETF | 84 | — | May 2025 | HEQT vs QQHG | |
| MC Trio Equity Buffered ETF | 80 | — | Mar 2025 | HEQT vs TRIO |
Top Performing HEQT Alternatives (YTD)
HEQT is at 4.76% YTD. There are 18 ETFs in the Equity Hedged category with higher YTD returns, going as high as 75.21%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 75.21% | 87.41M | Sep 2024 | HEQT vs HECO | |
| Horizon NASDAQ-100 Defined Risk ETF | 14.58% | 79.22M | Jul 2025 | HEQT vs QGRD | |
| Innovator U.S. Small Cap Managed Floor ETF | 11.27% | 82.27M | Sep 2024 | HEQT vs RFLR | |
| Invesco QQQ Hedged Advantage ETF | 10.63% | — | May 2025 | HEQT vs QQHG | |
| Invesco S&P 500 Downside Hedged ETF | 10.56% | 76.65M | Dec 2012 | HEQT vs PHDG |
Lowest Volatility Alternatives to HEQT
HEQT has 6.61% 1-year volatility. There are 4 ETFs in the Equity Hedged category with lower 1-year volatility, going as low as 2.52%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 2.52% | — | Jun 2024 | HEQT vs MAXJ | |
| TrueShares Equity Hedge ETF | 5.38% | 14.37M | Jan 2026 | HEQT vs ONEH | |
| Equable Shares Hedged Equity ETF | 5.87% | 301.01M | May 2019 | HEQT vs HEDG | |
| MC Trio Equity Buffered ETF | 6.20% | — | Mar 2025 | HEQT vs TRIO | |
| Kraneshares Hedgeye Hedged Equity Index ETF | 7.36% | 100.99M | Jul 2024 | HEQT vs KSPY |
Lowest Drawdown Alternatives to HEQT
HEQT has a 1-year max drawdown of -5.09%. There are 4 ETFs in the Equity Hedged category with shallower 1-year drawdowns, going as shallow as -1.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | -1.70% | — | Jun 2024 | HEQT vs MAXJ | |
| Swan Hedged Equity US Large Cap ETF | -4.39% | 584.47M | Dec 2020 | HEQT vs HEGD | |
| Kraneshares Hedgeye Hedged Equity Index ETF | -4.46% | 100.99M | Jul 2024 | HEQT vs KSPY | |
| MC Trio Equity Buffered ETF | -4.47% | — | Mar 2025 | HEQT vs TRIO | |
| Invesco S&P 500 Downside Hedged ETF | -5.48% | 76.65M | Dec 2012 | HEQT vs PHDG |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, MAXI and span 12 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | Volatility | 29 | 0.96% | 547.01M | May 2021 | HEQT vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 10 | 1.30% | 1.57B | Mar 2022 | HEQT vs CTA | |
| Simplify Bitcoin Strategy PLUS Income ETF | Cryptocurrency, Derivative Income | 2 | -35.22% | 25.20M | Sep 2022 | HEQT vs MAXI | |
| Simplify Interest Rate Hedge ETF | Hedge Fund | 5 | -6.41% | 201.47M | May 2021 | HEQT vs PFIX | |
| Simplify High Yield PLUS Credit Hedge ETF | High Yield Bonds | 6 | -1.51% | 398.24M | Feb 2022 | HEQT vs CDX | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 86 | 2.07% | 465.86M | Oct 2022 | HEQT vs BUCK | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 8 | 0.03% | 72.39M | Oct 2022 | HEQT vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 37 | 0.48% | 512.36M | Feb 2022 | HEQT vs AGGH | |
| Simplify MBS ETF | Mortgage Backed Securities | 40 | -0.06% | 1.55B | Nov 2023 | HEQT vs MTBA | |
| Simplify Commodities Strategy No K-1 ETF | Commodities | 13 | 4.88% | 91.58M | Mar 2023 | HEQT vs HARD |
Often Compared With HEQT
Investors most often compare HEQT with XEQT.TO, VEQT.TO, SPY. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare HEQT with Any Fund or Stock
Compare HEQT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HEQT with funds that move differently
Simplify Hedged Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HEQT.
Explore HEQT Diversifiers