HEDG vs. HEQT
HEDG (Equable Shares Hedged Equity ETF) and HEQT (Simplify Hedged Equity ETF) are both Equity Hedged funds. HEDG is passively managed, while HEQT is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. HEDG charges 0.96%/yr vs 0.43%/yr for HEQT.
Performance
HEDG vs. HEQT - Performance Comparison
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Returns By Period
In the year-to-date period, HEDG achieves a 2.51% return, which is significantly lower than HEQT's 3.86% return.
HEDG
- 1D
- 0.00%
- 1M
- -0.07%
- YTD
- 2.51%
- 6M
- 2.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQT
- 1D
- -0.16%
- 1M
- -0.30%
- YTD
- 3.86%
- 6M
- 3.37%
- 1Y
- 12.07%
- 3Y*
- 12.89%
- 5Y*
- —
- 10Y*
- —
HEDG vs. HEQT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HEDG Equable Shares Hedged Equity ETF | 2.51% | 3.20% |
HEQT Simplify Hedged Equity ETF | 3.86% | 3.78% |
Correlation
The correlation between HEDG and HEQT is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 13, 2025 | 0.79 |
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Return for Risk
HEDG vs. HEQT — Risk / Return Rank
HEDG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HEQT
HEDG vs. HEQT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Equable Shares Hedged Equity ETF (HEDG) 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.
| HEDG | HEQT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.38 | — |
| Martin ratioReturn relative to average drawdown | — | 10.73 | — |
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Drawdowns
HEDG vs. HEQT - Drawdown Comparison
The maximum HEDG drawdown since its inception was -3.85%, smaller than the maximum HEQT drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for HEDG and HEQT.
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Drawdown Indicators
| HEDG | HEQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -11.51% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.57% | — |
Current DrawdownCurrent decline from peak | -0.76% | -1.28% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -2.76% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.13% | — |
Volatility
HEDG vs. HEQT - Volatility Comparison
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Volatility by Period
| HEDG | HEQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 6.65% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 8.47% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 8.47% | -2.60% |
HEDG vs. HEQT - Expense Ratio Comparison
HEDG has a 0.96% expense ratio, which is higher than HEQT's 0.43% expense ratio.
Dividends
HEDG vs. HEQT - Dividend Comparison
HEDG's dividend yield for the trailing twelve months is around 1.84%, more than HEQT's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HEDG Equable Shares Hedged Equity ETF | 1.84% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% |
HEQT Simplify Hedged Equity ETF | 1.21% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% |
Frequently Asked Questions
HEDG and HEQT have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HEQT is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEQT is cheaper with a 0.43% expense ratio, compared with 0.96% for HEDG.
HEDG has the higher dividend yield at 1.84%, compared with 1.21% for HEQT.
They also come from different issuers: Equable Shares and Simplify. Their fees differ too: 0.96% for HEDG and 0.43% for HEQT.
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