EQLS vs. SENT

Last updated Jun 4, 2026

EQLS (Simplify Market Neutral Equity Long/Short ETF) and SENT (AdvisorShares Alpha DNA Equity Sentiment ETF) are both Long-Short funds. EQLS is actively managed, while SENT is passively managed. At a correlation of -0.01, they often move in opposite directions. EQLS charges 1.00%/yr vs 1.01%/yr for SENT.

Performance

EQLS vs. SENT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Market Neutral Equity Long/Short ETF (EQLS) and AdvisorShares Alpha DNA Equity Sentiment ETF (SENT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EQLS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SENT

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: -3.03%
• 5Y*: -4.51%
• 10Y*: —

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

EQLS vs. SENT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EQLS Simplify Market Neutral Equity Long/Short ETF	0.00%	6.82%	-4.82%	-3.63%
SENT AdvisorShares Alpha DNA Equity Sentiment ETF	0.00%	0.00%	0.00%	-11.37%

Correlation

The correlation between EQLS and SENT is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023	-0.01

Return for Risk

EQLS vs. SENT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Market Neutral Equity Long/Short ETF (EQLS) and AdvisorShares Alpha DNA Equity Sentiment ETF (SENT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EQLS	SENT	Difference
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.25	—

Drawdowns

Drawdown Indicators

	EQLS	SENT	Difference
Max Drawdown Largest peak-to-trough decline	—	-30.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	0.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.34%	—
Current Drawdown Current decline from peak	—	-27.23%	—
Average Drawdown Average peak-to-trough decline	—	-20.90%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	EQLS	SENT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.00%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	12.66%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.32%	—

EQLS vs. SENT - Expense Ratio Comparison

EQLS has a 1.00% expense ratio, which is lower than SENT's 1.01% expense ratio.

Dividends

EQLS vs. SENT - Dividend Comparison

Neither EQLS nor SENT has paid dividends to shareholders.

Position	TTM	2025	2024	2023
EQLS Simplify Market Neutral Equity Long/Short ETF	0.00%	0.45%	0.95%	8.50%
SENT AdvisorShares Alpha DNA Equity Sentiment ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQLS and SENT in my portfolio?

EQLS and SENT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQLS or SENT?

On fees, EQLS is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQLS or SENT?

EQLS is cheaper with a 1.00% expense ratio, compared with 1.01% for SENT.

Which ETF pays a higher dividend yield, EQLS or SENT?

EQLS and SENT have nearly identical dividend yields, around 0.00%.

What is the main difference between EQLS and SENT?

They also come from different issuers: Simplify and AdvisorShares. Their fees differ too: 1.00% for EQLS and 1.01% for SENT.