HEQT vs. HEDG
HEQT (Simplify Hedged Equity ETF) and HEDG (Equable Shares Hedged Equity ETF) are both Equity Hedged funds. HEQT is actively managed, while HEDG is passively managed. A 0.77 correlation means they provide meaningful diversification when combined. HEQT charges 0.43%/yr vs 0.96%/yr for HEDG.
Performance
HEQT vs. HEDG - Performance Comparison
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Returns By Period
In the year-to-date period, HEQT achieves a 5.68% return, which is significantly higher than HEDG's 3.64% return.
HEQT
- 1D
- -0.33%
- 1M
- 1.33%
- 6M
- 4.49%
- YTD
- 5.68%
- 1Y
- 13.05%
- 3Y*
- 12.97%
- 5Y*
- —
- 10Y*
- —
HEDG
- 1D
- -0.27%
- 1M
- 0.77%
- 6M
- 2.88%
- YTD
- 3.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQT vs. HEDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HEQT Simplify Hedged Equity ETF | 5.68% | 3.78% |
HEDG Equable Shares Hedged Equity ETF | 3.64% | 3.20% |
Correlation
The correlation between HEQT and HEDG is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 13, 2025 | 0.77 |
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Return for Risk
HEQT vs. HEDG — Risk / Return Rank
HEQT
HEDG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HEQT vs. HEDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and Equable Shares Hedged Equity ETF (HEDG). 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 | HEDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | — | — |
| Martin ratioReturn relative to average drawdown | 11.56 | — | — |
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Drawdowns
HEQT vs. HEDG - Drawdown Comparison
The maximum HEQT drawdown since its inception was -11.51%, which is greater than HEDG's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for HEQT and HEDG.
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Drawdown Indicators
| HEQT | HEDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -3.85% | -7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.09% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.27% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -0.38% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | — | — |
Volatility
HEQT vs. HEDG - Volatility Comparison
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Volatility by Period
| HEQT | HEDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.71% | 5.77% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 5.77% | +2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 5.77% | +2.67% |
HEQT vs. HEDG - Expense Ratio Comparison
HEQT has a 0.43% expense ratio, which is lower than HEDG's 0.96% expense ratio.
Dividends
HEQT vs. HEDG - Dividend Comparison
HEQT's dividend yield for the trailing twelve months is around 1.19%, less than HEDG's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HEDG Equable Shares Hedged Equity ETF | 2.33% | 1.38% | 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
HEQT and HEDG have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HEQT is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEQT is cheaper with a 0.43% expense ratio, compared with 0.96% for HEDG.
HEDG has the higher dividend yield at 2.33%, compared with 1.19% for HEQT.
They also come from different issuers: Simplify and Equable Shares. Their fees differ too: 0.43% for HEQT and 0.96% for HEDG.
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