FIG vs. HEQT
FIG (Figma, Inc) is a stock, while HEQT (Simplify Hedged Equity ETF) is Equity Hedged fund actively managed by Simplify. Over the past year, FIG returned -79.57% vs 13.86% for HEQT. Their 0.20 correlation means their historical movements had little consistent relationship.
Performance
FIG vs. HEQT - Performance Comparison
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Returns By Period
In the year-to-date period, FIG achieves a -33.32% return, which is significantly lower than HEQT's 6.73% return.
FIG
- 1D
- 2.47%
- 1M
- 16.78%
- 6M
- 3.83%
- YTD
- -33.32%
- 1Y
- -79.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -70.41%
HEQT
- 1D
- 0.94%
- 1M
- 1.56%
- 6M
- 5.12%
- YTD
- 6.73%
- 1Y
- 13.86%
- 3Y*
- 13.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FIG Figma, Inc | $471.29M | $516.74M | $473.71M |
| $1.83M | $1.55M | $1.82M |
FIG vs. HEQT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIG Figma, Inc | -33.32% | -56.04% |
HEQT Simplify Hedged Equity ETF | 6.73% | 5.84% |
Correlation
The correlation between FIG and HEQT is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025 | 0.20 |
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Return for Risk
FIG vs. HEQT — Risk / Return Rank
FIG
HEQT
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIG | HEQT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.68 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.39 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 2.73 | -3.71 |
| Martin ratioReturn relative to average drawdown | -1.26 | 12.13 | -13.39 |
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Drawdowns
FIG vs. HEQT - Drawdown Comparison
The maximum FIG drawdown since its inception was -86.20%, 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.
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Drawdown Indicators
| FIG | HEQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.20% | -11.51% | -74.69% |
Max Drawdown (1Y)Largest decline over 1 year | -81.36% | -5.09% | -76.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.57% | — |
Current DrawdownCurrent decline from peak | -79.57% | 0.00% | -79.57% |
Average DrawdownAverage peak-to-trough decline | -69.89% | -2.71% | -67.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.82% | 1.15% | +70.67% |
Volatility
FIG vs. HEQT - Volatility Comparison
Figma, Inc (FIG) has a higher volatility of 22.88% compared to Simplify Hedged Equity ETF (HEQT) at 2.34%. 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.
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Volatility by Period
| FIG | HEQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.88% | 2.34% | +20.54% |
Volatility (6M)Calculated over the trailing 6-month period | 59.19% | 5.76% | +53.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.57% | 6.98% | +79.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.74% | 8.45% | +85.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.74% | 8.45% | +85.29% |
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 1.18%.
| Position | 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 | 1.18% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% |
Frequently Asked Questions
FIG and HEQT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIG has higher volatility (22.88%) compared to HEQT (2.34%). In terms of maximum drawdown, FIG dropped -86.20% vs HEQT's -11.51%.
HEQT currently has the higher Sharpe Ratio (2.00 vs -0.92), 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.
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