HEQT vs. DGRW
HEQT (Simplify Hedged Equity ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - HEQT is a Equity Hedged fund actively managed by Simplify, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. HEQT is actively managed, while DGRW is passively managed. Over the past 3 years, HEQT returned 13.21%/yr vs 15.46%/yr for DGRW. Their correlation of 0.86 suggests significant overlap in exposure. HEQT charges 0.43%/yr vs 0.28%/yr for DGRW.
Performance
HEQT vs. DGRW - Performance Comparison
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Returns By Period
In the year-to-date period, HEQT achieves a 4.76% return, which is significantly lower than DGRW's 7.35% return.
HEQT
- 1D
- -0.21%
- 1M
- 0.57%
- YTD
- 4.76%
- 6M
- 4.67%
- 1Y
- 14.00%
- 3Y*
- 13.21%
- 5Y*
- —
- 10Y*
- —
DGRW
- 1D
- -0.32%
- 1M
- -0.70%
- YTD
- 7.35%
- 6M
- 7.02%
- 1Y
- 18.84%
- 3Y*
- 15.46%
- 5Y*
- 12.16%
- 10Y*
- 14.25%
HEQT vs. DGRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HEQT Simplify Hedged Equity ETF | 4.76% | 10.08% | 18.30% | 16.61% | -8.25% | 2.11% |
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 7.35% | 12.17% | 16.98% | 18.66% | -6.33% | 6.21% |
Correlation
The correlation between HEQT and DGRW is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.86 |
The correlation between HEQT and DGRW has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
HEQT vs. DGRW — Risk / Return Rank
HEQT
DGRW
HEQT vs. DGRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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.
| HEQT | DGRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.34 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.28 | +0.48 |
| Martin ratioReturn relative to average drawdown | 12.50 | 9.75 | +2.75 |
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Drawdowns
HEQT vs. DGRW - Drawdown Comparison
The maximum HEQT drawdown since its inception was -11.51%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for HEQT and DGRW.
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Drawdown Indicators
| HEQT | DGRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -32.04% | +20.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.09% | -8.30% | +3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -16.21% | +5.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.04% | — |
Current DrawdownCurrent decline from peak | -0.42% | -2.42% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -3.01% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.94% | -0.82% |
Volatility
HEQT vs. DGRW - Volatility Comparison
The current volatility for Simplify Hedged Equity ETF (HEQT) is 1.92%, while WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a volatility of 3.64%. This indicates that HEQT experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEQT | DGRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 3.64% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | 8.21% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.61% | 10.27% | -3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 14.01% | -5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.47% | 16.24% | -7.77% |
HEQT vs. DGRW - Expense Ratio Comparison
HEQT has a 0.43% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Dividends
HEQT vs. DGRW - Dividend Comparison
HEQT's dividend yield for the trailing twelve months is around 1.20%, less than DGRW's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 1.29% | 1.43% | 1.55% | 1.74% | 2.15% | 1.78% | 1.93% | 2.20% | 2.42% | 1.71% | 2.13% | 2.18% |
HEQT Simplify Hedged Equity ETF | 1.20% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HEQT and DGRW have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRW has higher volatility (3.64%) compared to HEQT (1.92%). In terms of maximum drawdown, HEQT dropped -11.51% vs DGRW's -32.04%.
On 3-year performance, DGRW leads with 15.46% vs 13.21% for HEQT. On fees, DGRW is cheaper at 0.28% per year. On volatility, HEQT has been the lower-risk option at 1.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DGRW has performed better with a 15.46% return vs 13.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGRW is cheaper with a 0.28% expense ratio, compared with 0.43% for HEQT.
DGRW has the higher dividend yield at 1.29%, compared with 1.20% for HEQT.
HEQT is categorized as Equity Hedged, while DGRW is Dividend. They also come from different issuers: Simplify and WisdomTree. Their fees differ too: 0.43% for HEQT and 0.28% for DGRW.
HEQT currently has the higher Sharpe Ratio (2.13 vs 1.85), 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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