HEQT vs. BTC-USD
Compare and contrast key facts about Simplify Hedged Equity ETF (HEQT) and Bitcoin (BTC-USD).
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: HEQT or BTC-USD.
Key characteristics
| HEQT | BTC-USD | |
|---|---|---|
| YTD Return | 7.89% | 56.79% |
| 1Y Return | 18.30% | 145.10% |
| Sharpe Ratio | 2.76 | 5.67 |
| Daily Std Dev | 6.48% | 39.67% |
| Max Drawdown | -11.51% | -93.07% |
| Current Drawdown | 0.00% | -9.33% |
Correlation
The correlation between HEQT and BTC-USD is 0.26, 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.
Performance
HEQT vs. BTC-USD - Performance Comparison
In the year-to-date period, HEQT achieves a 7.89% return, which is significantly lower than BTC-USD's 56.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HEQT vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and Bitcoin (BTC-USD). 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.
Drawdowns
HEQT vs. BTC-USD - Drawdown Comparison
The maximum HEQT drawdown since its inception was -11.51%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for HEQT and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
HEQT vs. BTC-USD - Volatility Comparison
The current volatility for Simplify Hedged Equity ETF (HEQT) is 2.55%, while Bitcoin (BTC-USD) has a volatility of 15.62%. This indicates that HEQT experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.