FIG vs. HEQT
Compare and contrast key facts about Simplify Macro Strategy ETF (FIG) and Simplify Hedged Equity ETF (HEQT).
FIG and HEQT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIG is an actively managed fund by Simplify. It was launched on May 16, 2022. HEQT is an actively managed fund by Simplify Asset Management. It was launched on Nov 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIG or HEQT.
Correlation
The correlation between FIG and HEQT is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FIG vs. HEQT - Performance Comparison
Key characteristics
FIG:
-0.07
HEQT:
2.40
FIG:
0.01
HEQT:
3.31
FIG:
1.00
HEQT:
1.48
FIG:
-0.07
HEQT:
3.85
FIG:
-0.15
HEQT:
17.98
FIG:
6.41%
HEQT:
1.08%
FIG:
14.17%
HEQT:
8.09%
FIG:
-13.88%
HEQT:
-11.51%
FIG:
-4.30%
HEQT:
0.00%
Returns By Period
In the year-to-date period, FIG achieves a 6.99% return, which is significantly higher than HEQT's 3.53% return.
FIG
6.99%
3.94%
5.18%
-0.91%
N/A
N/A
HEQT
3.53%
2.11%
8.53%
19.54%
N/A
N/A
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FIG vs. HEQT - Expense Ratio Comparison
FIG has a 1.00% expense ratio, which is higher than HEQT's 0.53% expense ratio.
Risk-Adjusted Performance
FIG vs. HEQT — Risk-Adjusted Performance Rank
FIG
HEQT
FIG vs. HEQT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Macro Strategy ETF (FIG) 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.
Dividends
FIG vs. HEQT - Dividend Comparison
FIG's dividend yield for the trailing twelve months is around 2.83%, more than HEQT's 1.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
FIG Simplify Macro Strategy ETF | 2.83% | 3.03% | 4.29% | 3.51% | 0.00% |
HEQT Simplify Hedged Equity ETF | 1.25% | 1.29% | 4.11% | 3.93% | 0.27% |
Drawdowns
FIG vs. HEQT - Drawdown Comparison
The maximum FIG drawdown since its inception was -13.88%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for FIG and HEQT. For additional features, visit the drawdowns tool.
Volatility
FIG vs. HEQT - Volatility Comparison
Simplify Macro Strategy ETF (FIG) has a higher volatility of 3.69% compared to Simplify Hedged Equity ETF (HEQT) at 2.04%. This indicates that FIG'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.