ABRVX vs. HEQT

Last updated Jun 4, 2026

ABRVX (ABR Dynamic Blend Equity & Volatility Fund) and HEQT (Simplify Hedged Equity ETF) are both funds - ABRVX is a Long-Short fund managed by ABR, while HEQT is a Options Trading fund actively managed by Simplify. Over the past 3 years, ABRVX returned 8.14%/yr vs 13.47%/yr for HEQT. A 0.74 correlation means they provide meaningful diversification when combined. ABRVX charges 1.98%/yr vs 0.53%/yr for HEQT.

Performance

ABRVX vs. HEQT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ABR Dynamic Blend Equity & Volatility Fund (ABRVX) and Simplify Hedged Equity ETF (HEQT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABRVX achieves a 10.02% return, which is significantly higher than HEQT's 4.95% return.

ABRVX

• 1D: 0.16%
• 1M: 4.77%
• YTD: 10.02%
• 6M: 9.44%
• 1Y: 20.91%
• 3Y*: 8.14%
• 5Y*: 1.24%
• 10Y*: 6.77%

HEQT

• 1D: -0.06%
• 1M: 1.79%
• YTD: 4.95%
• 6M: 5.64%
• 1Y: 14.90%
• 3Y*: 13.47%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABRVX vs. HEQT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ABRVX ABR Dynamic Blend Equity & Volatility Fund	10.02%	-0.70%	11.76%	8.89%	-27.36%	3.51%
HEQT Simplify Hedged Equity ETF	4.95%	10.08%	18.30%	16.61%	-8.25%	2.16%

Correlation

The correlation between ABRVX and HEQT is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021	0.74

The correlation between ABRVX and HEQT has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.

Return for Risk

ABRVX vs. HEQT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABRVX

ABRVX Risk / Return Rank: 60
ABRVX Sharpe Ratio Rank: 61
ABRVX Sortino Ratio Rank: 62
ABRVX Omega Ratio Rank: 59
ABRVX Calmar Ratio Rank: 66
ABRVX Martin Ratio Rank: 55

HEQT

HEQT Risk / Return Rank: 70
HEQT Sharpe Ratio Rank: 70
HEQT Sortino Ratio Rank: 72
HEQT Omega Ratio Rank: 80
HEQT Calmar Ratio Rank: 58
HEQT Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABRVX vs. HEQT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ABR Dynamic Blend Equity & Volatility Fund (ABRVX) and Simplify Hedged Equity ETF (HEQT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ABRVX	HEQT	Difference
Sharpe ratio Return per unit of total volatility	2.30	2.34	-0.04
Sortino ratio Return per unit of downside risk	3.31	3.34	-0.03
Omega ratio Gain probability vs. loss probability	1.43	1.49	-0.06
Calmar ratio Return relative to maximum drawdown	3.12	2.94	+0.18
Martin ratio Return relative to average drawdown	11.10	13.45	-2.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABRVX vs. HEQT - Sharpe Ratio Comparison

The current ABRVX Sharpe Ratio is 2.30, which is comparable to the HEQT Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of ABRVX and HEQT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ABRVX	HEQT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.34	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	1.09	-0.59

Drawdowns

ABRVX vs. HEQT - Drawdown Comparison

The maximum ABRVX drawdown since its inception was -29.71%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for ABRVX and HEQT.

Drawdown Indicators

	ABRVX	HEQT	Difference
Max Drawdown Largest peak-to-trough decline	-29.71%	-11.51%	-18.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-5.09%	-1.84%
Max Drawdown (3Y) Largest decline over 3 years	-20.65%	-10.57%	-10.08%
Max Drawdown (5Y) Largest decline over 5 years	-29.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.71%	—	—
Current Drawdown Current decline from peak	-3.93%	-0.06%	-3.87%
Average Drawdown Average peak-to-trough decline	-11.39%	-2.79%	-8.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	1.11%	+0.83%

Volatility

ABRVX vs. HEQT - Volatility Comparison

ABR Dynamic Blend Equity & Volatility Fund (ABRVX) has a higher volatility of 2.62% compared to Simplify Hedged Equity ETF (HEQT) at 0.81%. This indicates that ABRVX's price experiences larger fluctuations and is considered to be riskier than HEQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABRVX	HEQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	0.81%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	6.61%	5.27%	+1.34%
Volatility (1Y) Calculated over the trailing 1-year period	9.39%	6.38%	+3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.50%	8.48%	+4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	8.48%	+5.18%

ABRVX vs. HEQT - Expense Ratio Comparison

ABRVX has a 1.98% expense ratio, which is higher than HEQT's 0.53% expense ratio.

Dividends

ABRVX vs. HEQT - Dividend Comparison

ABRVX's dividend yield for the trailing twelve months is around 1.15%, less than HEQT's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ABRVX ABR Dynamic Blend Equity & Volatility Fund	1.15%	1.26%	2.07%	0.00%	0.00%	8.33%	24.49%	0.80%	3.95%	3.26%	1.29%
HEQT Simplify Hedged Equity ETF	1.19%	1.19%	1.29%	4.10%	3.94%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ABRVX and HEQT in my portfolio?

ABRVX and HEQT have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABRVX or HEQT?

ABRVX has higher volatility (2.62%) compared to HEQT (0.81%). In terms of maximum drawdown, ABRVX dropped -29.71% vs HEQT's -11.51%.

Which has better risk-adjusted returns?

HEQT currently has the higher Sharpe Ratio (2.34 vs 2.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.