HEQT vs. FIG

Last updated Jun 5, 2026

HEQT (Simplify Hedged Equity ETF) is Options Trading fund actively managed by Simplify, while FIG (Figma, Inc) is a stock. At a 0.29 correlation, their price movements are largely independent.

Performance

HEQT vs. FIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Hedged Equity ETF (HEQT) and Figma, Inc (FIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEQT achieves a 4.92% return, which is significantly higher than FIG's -39.76% return.

HEQT

• 1D: -0.03%
• 1M: 1.33%
• YTD: 4.92%
• 6M: 5.48%
• 1Y: 14.78%
• 3Y*: 13.47%
• 5Y*: —
• 10Y*: —

FIG

• 1D: -1.23%
• 1M: 15.91%
• YTD: -39.76%
• 6M: -41.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HEQT vs. FIG - Yearly Performance Comparison

	2026 (YTD)	2025
HEQT Simplify Hedged Equity ETF	4.92%	5.96%
FIG Figma, Inc	-39.76%	-67.65%

Correlation

The correlation between HEQT and FIG is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.29

Return for Risk

HEQT vs. FIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEQT

HEQT Risk / Return Rank: 72
HEQT Sharpe Ratio Rank: 72
HEQT Sortino Ratio Rank: 75
HEQT Omega Ratio Rank: 82
HEQT Calmar Ratio Rank: 60
HEQT Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HEQT vs. FIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and Figma, Inc (FIG). 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.

	HEQT	FIG	Difference
Sharpe ratio: Return per unit of total volatility	2.33	—	—
Sortino ratio: Return per unit of downside risk	3.31	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	2.92	—	—
Martin ratio: Return relative to average drawdown	13.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HEQT	FIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	-0.98	+2.06

Drawdowns

HEQT vs. FIG - Drawdown Comparison

The maximum HEQT drawdown since its inception was -11.51%, smaller than the maximum FIG drawdown of -86.18%. Use the drawdown chart below to compare losses from any high point for HEQT and FIG.

Drawdown Indicators

	HEQT	FIG	Difference
Max Drawdown Largest peak-to-trough decline	-11.51%	-86.18%	+74.67%
Max Drawdown (1Y) Largest decline over 1 year	-5.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.57%	—	—
Current Drawdown Current decline from peak	-0.09%	-81.55%	+81.46%
Average Drawdown Average peak-to-trough decline	-2.79%	-67.81%	+65.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	—	—

Volatility

Volatility by Period

	HEQT	FIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.38%	87.71%	-81.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.47%	87.71%	-79.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.47%	87.71%	-79.24%

Dividends

HEQT vs. FIG - Dividend Comparison

HEQT's dividend yield for the trailing twelve months is around 1.19%, while FIG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FIG Figma, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HEQT Simplify Hedged Equity ETF	1.19%	1.19%	1.29%	4.10%	3.94%	0.27%

Frequently Asked Questions

Can I hold both HEQT and FIG in my portfolio?

HEQT and FIG have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.