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. Their 0.79 correlation means they have sometimes moved together and sometimes differently. 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 6.73% return, which is significantly higher than HEDG's 4.64% return.
HEQT
- 1D
- 0.94%
- 1M
- 1.56%
- 6M
- 5.12%
- YTD
- 6.73%
- 1Y
- 13.86%
- 3Y*
- 13.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.19%
HEDG
- 1D
- 0.50%
- 1M
- 1.30%
- 6M
- 3.46%
- YTD
- 4.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $885.06K | $870.54K | $1.20M | |
| $1.83M | $1.55M | $1.82M |
HEQT vs. HEDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HEQT Simplify Hedged Equity ETF | 6.73% | 3.78% |
HEDG Equable Shares Hedged Equity ETF | 4.64% | 3.20% |
Correlation
The correlation between HEQT and HEDG is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 13, 2025 | 0.79 |
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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 | 2.73 | — | — |
| Martin ratioReturn relative to average drawdown | 12.13 | — | — |
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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 | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -0.38% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | — | — |
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 | 2.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.98% | 5.80% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.45% | 5.80% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.45% | 5.80% | +2.65% |
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 1.18%, less than HEDG's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HEDG Equable Shares Hedged Equity ETF | 2.30% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% |
HEQT Simplify Hedged Equity ETF | 1.18% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% |
Frequently Asked Questions
HEQT and HEDG have a correlation of 0.79, 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 2.30%, compared with 1.18% 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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