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 Tail Risk ETF | 0.25% | 4.87M | Aug 2021 | HEQT vs XTR | |
| Global X S&P 500 Collar 95-110 ETF | 0.25% | 3.33M | Aug 2021 | HEQT vs XCLR | |
| Invesco S&P 500 Downside Hedged ETF | 0.39% | 74.50M | 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% | 37.48M | Mar 2025 | HEQT vs THEQ |
Best Risk-Adjusted Alternatives to HEQT
HEQT has a PortfoliosLab risk / return rank of 77. There are 6 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 | |
| Kraneshares Hedgeye Hedged Equity Index ETF | 90 | 118.15M | Jul 2024 | HEQT vs KSPY | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 88 | 84.34M | Sep 2024 | HEQT vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 86 | 89.46M | Sep 2024 | HEQT vs RFLR | |
| Invesco QQQ Hedged Advantage ETF | 82 | — | May 2025 | HEQT vs QQHG |
Top Performing HEQT Alternatives (YTD)
HEQT is at 6.02% YTD. There are 17 ETFs in the Equity Hedged category with higher YTD returns, going as high as 65.28%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 65.28% | 84.34M | Sep 2024 | HEQT vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 14.69% | 89.46M | Sep 2024 | HEQT vs RFLR | |
| Horizon NASDAQ-100 Defined Risk ETF | 12.68% | 79.22M | Jul 2025 | HEQT vs QGRD | |
| Invesco S&P 500 Downside Hedged ETF | 11.06% | 74.50M | Dec 2012 | HEQT vs PHDG | |
| Invesco QQQ Hedged Advantage ETF | 10.40% | — | May 2025 | HEQT vs QQHG |
Lowest Volatility Alternatives to HEQT
HEQT has 6.69% 1-year volatility. There are 4 ETFs in the Equity Hedged category with lower 1-year volatility, going as low as 2.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 2.31% | — | Jun 2024 | HEQT vs MAXJ | |
| TrueShares Equity Hedge ETF | 5.15% | 14.52M | Jan 2026 | HEQT vs ONEH | |
| Equable Shares Hedged Equity ETF | 5.77% | 301.01M | May 2019 | HEQT vs HEDG | |
| MC Trio Equity Buffered ETF | 6.20% | — | Mar 2025 | HEQT vs TRIO | |
| Swan Hedged Equity US Large Cap ETF | 7.52% | 584.47M | Dec 2020 | HEQT vs HEGD |
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% | 118.15M | Jul 2024 | HEQT vs KSPY | |
| MC Trio Equity Buffered ETF | -4.47% | — | Mar 2025 | HEQT vs TRIO | |
| Cambria Value and Momentum ETF | -5.55% | 106.10M | Sep 2015 | HEQT vs VAMO |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, BUCK and span 14 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 | 21 | 2.56% | 538.77M | May 2021 | HEQT vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 9 | -2.31% | 1.51B | Mar 2022 | HEQT vs CTA | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 93 | 2.44% | 474.96M | Oct 2022 | HEQT vs BUCK | |
| Simplify Bitcoin Strategy PLUS Income ETF | Cryptocurrency, Derivative Income | 1 | -33.27% | 25.97M | Sep 2022 | HEQT vs MAXI | |
| Simplify Interest Rate Hedge ETF | Hedge Fund | 7 | -1.41% | 167.19M | May 2021 | HEQT vs PFIX | |
| Simplify High Yield ETF | High Yield Bonds | 6 | -2.30% | 387.11M | Feb 2022 | HEQT vs CDX | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 5 | -0.10% | 71.03M | Oct 2022 | HEQT vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 31 | 0.42% | 570.38M | Feb 2022 | HEQT vs AGGH | |
| Simplify MBS ETF | Mortgage Backed Securities | 40 | -0.08% | 1.53B | Nov 2023 | HEQT vs MTBA | |
| Simplify Gold Strategy PLUS Income ETF | Gold, Leveraged Commodities, Precious Metals | 14 | -17.49% | 37.25M | Dec 2024 | HEQT vs YGLD |
Often Compared With HEQT
Investors most often compare HEQT with XEQT.TO, VEQT.TO, SPY. These 20 comparison targets span 14 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