EQLS vs. DBEH
Compare and contrast key facts about Simplify Market Neutral Equity Long/Short ETF (EQLS) and iM DBi Hedge Strategy ETF (DBEH).
EQLS and DBEH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQLS is an actively managed fund by Simplify. It was launched on Jun 13, 2023. DBEH is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on Dec 18, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQLS or DBEH.
Key characteristics
| EQLS | DBEH | |
|---|---|---|
| YTD Return | -0.87% | 5.44% |
| 1Y Return | 0.10% | 8.81% |
| Sharpe Ratio | -0.08 | 1.17 |
| Daily Std Dev | 11.12% | 7.50% |
| Max Drawdown | -9.48% | -21.42% |
| Current Drawdown | -9.48% | -2.12% |
Correlation
The correlation between EQLS and DBEH is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EQLS vs. DBEH - Performance Comparison
In the year-to-date period, EQLS achieves a -0.87% return, which is significantly lower than DBEH's 5.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EQLS vs. DBEH - Expense Ratio Comparison
EQLS has a 1.00% expense ratio, which is higher than DBEH's 0.85% expense ratio.
Risk-Adjusted Performance
EQLS vs. DBEH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Market Neutral Equity Long/Short ETF (EQLS) and iM DBi Hedge Strategy ETF (DBEH). 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.
Dividends
EQLS vs. DBEH - Dividend Comparison
EQLS's dividend yield for the trailing twelve months is around 9.06%, more than DBEH's 5.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
EQLS Simplify Market Neutral Equity Long/Short ETF | 9.06% | 8.50% | 0.00% | 0.00% | 0.00% | 0.00% |
DBEH iM DBi Hedge Strategy ETF | 5.63% | 3.05% | 1.54% | 17.43% | 0.06% | 0.02% |
Drawdowns
EQLS vs. DBEH - Drawdown Comparison
The maximum EQLS drawdown since its inception was -9.48%, smaller than the maximum DBEH drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for EQLS and DBEH. For additional features, visit the drawdowns tool.
Volatility
EQLS vs. DBEH - Volatility Comparison
Simplify Market Neutral Equity Long/Short ETF (EQLS) and iM DBi Hedge Strategy ETF (DBEH) have volatilities of 1.98% and 2.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.