HEP.TO vs. HEQT.TO
Compare and contrast key facts about Horizons Gold Producer Equity Covered Call ETF (HEP.TO) and Horizons All-Equity Asset Allocation ETF (HEQT.TO).
HEP.TO and HEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEP.TO is a passively managed fund by Horizons that tracks the performance of the Solactive North American Listed Gold Producers Index. It was launched on Apr 11, 2011. HEQT.TO is an actively managed fund by Horizons. It was launched on Sep 13, 2019.
Performance
HEP.TO vs. HEQT.TO - Performance Comparison
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HEP.TO vs. HEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HEP.TO Horizons Gold Producer Equity Covered Call ETF | -1.36% | 126.50% | 20.18% | 6.19% | -1.80% | -9.38% | 15.00% | 6.68% |
HEQT.TO Horizons All-Equity Asset Allocation ETF | 0.13% | 19.82% | 25.95% | 31.63% | -12.65% | 23.11% | 16.34% | 7.76% |
Returns By Period
In the year-to-date period, HEP.TO achieves a -1.36% return, which is significantly lower than HEQT.TO's 0.13% return.
HEP.TO
- 1D
- 0.07%
- 1M
- -23.06%
- YTD
- -1.36%
- 6M
- 10.32%
- 1Y
- 65.25%
- 3Y*
- 37.98%
- 5Y*
- 23.17%
- 10Y*
- 16.29%
HEQT.TO
- 1D
- 2.77%
- 1M
- -4.43%
- YTD
- 0.13%
- 6M
- 2.69%
- 1Y
- 19.92%
- 3Y*
- 21.94%
- 5Y*
- 14.91%
- 10Y*
- —
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HEP.TO vs. HEQT.TO - Expense Ratio Comparison
HEP.TO has a 0.81% expense ratio, which is higher than HEQT.TO's 0.20% expense ratio.
Return for Risk
HEP.TO vs. HEQT.TO — Risk / Return Rank
HEP.TO
HEQT.TO
HEP.TO vs. HEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizons Gold Producer Equity Covered Call ETF (HEP.TO) and Horizons All-Equity Asset Allocation ETF (HEQT.TO). 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.
| HEP.TO | HEQT.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 1.23 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.98 | 1.75 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.77 | +0.55 |
Martin ratioReturn relative to average drawdown | 8.85 | 7.82 | +1.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEP.TO | HEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 1.23 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.98 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.95 | -0.78 |
Correlation
The correlation between HEP.TO and HEQT.TO is 0.21, 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
HEP.TO vs. HEQT.TO - Dividend Comparison
HEP.TO's dividend yield for the trailing twelve months is around 0.94%, less than HEQT.TO's 1.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEP.TO Horizons Gold Producer Equity Covered Call ETF | 0.94% | 2.16% | 10.30% | 11.16% | 10.08% | 6.31% | 6.47% | 4.58% | 5.62% | 7.08% | 9.20% | 11.62% |
HEQT.TO Horizons All-Equity Asset Allocation ETF | 1.61% | 1.70% | 3.22% | 7.85% | 7.31% | 0.48% | 1.40% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HEP.TO vs. HEQT.TO - Drawdown Comparison
The maximum HEP.TO drawdown since its inception was -71.13%, which is greater than HEQT.TO's maximum drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for HEP.TO and HEQT.TO.
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Drawdown Indicators
| HEP.TO | HEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.13% | -31.82% | -39.31% |
Max Drawdown (1Y)Largest decline over 1 year | -28.86% | -11.47% | -17.39% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -24.25% | -13.35% |
Max Drawdown (10Y)Largest decline over 10 years | -44.83% | — | — |
Current DrawdownCurrent decline from peak | -23.06% | -5.35% | -17.71% |
Average DrawdownAverage peak-to-trough decline | -34.60% | -4.38% | -30.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.57% | 2.59% | +4.98% |
Volatility
HEP.TO vs. HEQT.TO - Volatility Comparison
Horizons Gold Producer Equity Covered Call ETF (HEP.TO) has a higher volatility of 15.60% compared to Horizons All-Equity Asset Allocation ETF (HEQT.TO) at 6.37%. This indicates that HEP.TO's price experiences larger fluctuations and is considered to be riskier than HEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEP.TO | HEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.60% | 6.37% | +9.23% |
Volatility (6M)Calculated over the trailing 6-month period | 34.44% | 9.68% | +24.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.26% | 16.21% | +25.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.16% | 15.30% | +15.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.74% | 17.27% | +14.47% |