HEGD vs. HEQT
Compare and contrast key facts about Swan Hedged Equity US Large Cap ETF (HEGD) and Simplify Hedged Equity ETF (HEQT).
HEGD and HEQT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEGD is an actively managed fund by Swan Global Investments. It was launched on Dec 22, 2020. 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: HEGD or HEQT.
Correlation
The correlation between HEGD and HEQT is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HEGD vs. HEQT - Performance Comparison
Key characteristics
HEGD:
1.82
HEQT:
2.40
HEGD:
2.59
HEQT:
3.31
HEGD:
1.33
HEQT:
1.48
HEGD:
3.34
HEQT:
3.85
HEGD:
11.49
HEQT:
17.98
HEGD:
1.33%
HEQT:
1.08%
HEGD:
8.43%
HEQT:
8.09%
HEGD:
-14.56%
HEQT:
-11.51%
HEGD:
0.00%
HEQT:
0.00%
Returns By Period
In the year-to-date period, HEGD achieves a 3.08% return, which is significantly lower than HEQT's 3.53% return.
HEGD
3.08%
1.59%
6.12%
16.34%
N/A
N/A
HEQT
3.53%
2.11%
8.53%
19.54%
N/A
N/A
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HEGD vs. HEQT - Expense Ratio Comparison
HEGD has a 0.87% expense ratio, which is higher than HEQT's 0.53% expense ratio.
Risk-Adjusted Performance
HEGD vs. HEQT — Risk-Adjusted Performance Rank
HEGD
HEQT
HEGD vs. HEQT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Swan Hedged Equity US Large Cap ETF (HEGD) 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
HEGD vs. HEQT - Dividend Comparison
HEGD's dividend yield for the trailing twelve months is around 0.42%, less than HEQT's 1.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
HEGD Swan Hedged Equity US Large Cap ETF | 0.42% | 0.43% | 0.39% | 0.87% | 0.31% |
HEQT Simplify Hedged Equity ETF | 1.25% | 1.29% | 4.11% | 3.93% | 0.27% |
Drawdowns
HEGD vs. HEQT - Drawdown Comparison
The maximum HEGD drawdown since its inception was -14.56%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for HEGD and HEQT. For additional features, visit the drawdowns tool.
Volatility
HEGD vs. HEQT - Volatility Comparison
Swan Hedged Equity US Large Cap ETF (HEGD) and Simplify Hedged Equity ETF (HEQT) have volatilities of 2.06% and 2.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.