FIG vs. HEQT

Last updated Apr 2, 2026

Compare and contrast key facts about Figma, Inc (FIG) and Simplify Hedged Equity ETF (HEQT).

HEQT is an actively managed fund by Simplify. It was launched on Nov 1, 2021.

Performance

FIG vs. HEQT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Figma, Inc (FIG) and Simplify Hedged Equity ETF (HEQT). The values are adjusted to include any dividend payments, if applicable.

FIG vs. HEQT - Yearly Performance Comparison

	2026 (YTD)	2025
FIG Figma, Inc	-45.36%	-67.65%
HEQT Simplify Hedged Equity ETF	-1.81%	5.96%

Returns By Period

In the year-to-date period, FIG achieves a -45.36% return, which is significantly lower than HEQT's -1.81% return.

FIG

• 1D: -3.41%
• 1M: -30.28%
• YTD: -45.36%
• 6M: -59.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEQT

• 1D: -0.41%
• 1M: -3.20%
• YTD: -1.81%
• 6M: 0.91%
• 1Y: 11.06%
• 3Y*: 12.38%
• 5Y*: —
• 10Y*: —

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

Return for Risk

FIG vs. HEQT — Risk / Return Rank

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

HEQT

HEQT Risk / Return Rank: 75
HEQT Sharpe Ratio Rank: 72
HEQT Sortino Ratio Rank: 73
HEQT Omega Ratio Rank: 75
HEQT Calmar Ratio Rank: 77
HEQT Martin Ratio Rank: 80

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.

FIG vs. HEQT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Figma, Inc (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.

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

Sharpe Ratios by Period

	FIG	HEQT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.06	0.92	-1.98

Correlation

The correlation between FIG and HEQT is 0.34, 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.

Dividends

FIG vs. HEQT - Dividend Comparison

FIG has not paid dividends to shareholders, while HEQT's dividend yield for the trailing twelve months is around 1.28%.

	TTM	2025	2024	2023	2022	2021
FIG Figma, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HEQT Simplify Hedged Equity ETF	1.28%	1.19%	1.29%	4.10%	3.94%	0.27%

Drawdowns

FIG vs. HEQT - Drawdown Comparison

The maximum FIG drawdown since its inception was -83.48%, 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.

Drawdown Indicators

	FIG	HEQT	Difference
Max Drawdown Largest peak-to-trough decline	-83.48%	-11.51%	-71.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.22%	—
Current Drawdown Current decline from peak	-83.26%	-3.58%	-79.68%
Average Drawdown Average peak-to-trough decline	-63.78%	-2.88%	-60.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.22%	—

Volatility

Volatility by Period

	FIG	HEQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	87.65%	8.45%	+79.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.65%	8.57%	+79.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.65%	8.57%	+79.08%