HEQT vs. HEGD
Compare and contrast key facts about Simplify Hedged Equity ETF (HEQT) and Swan Hedged Equity US Large Cap ETF (HEGD).
HEQT and HEGD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEQT is an actively managed fund by Simplify Asset Management. It was launched on Nov 1, 2021. HEGD is an actively managed fund by Swan Global Investments. It was launched on Dec 22, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEQT or HEGD.
Correlation
The correlation between HEQT and HEGD is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HEQT vs. HEGD - Performance Comparison
Key characteristics
HEQT:
1.03
HEGD:
0.99
HEQT:
1.47
HEGD:
1.46
HEQT:
1.21
HEGD:
1.18
HEQT:
1.01
HEGD:
1.15
HEQT:
3.84
HEGD:
3.95
HEQT:
2.78%
HEGD:
2.38%
HEQT:
10.33%
HEGD:
9.48%
HEQT:
-11.51%
HEGD:
-14.56%
HEQT:
-6.10%
HEGD:
-4.94%
Returns By Period
In the year-to-date period, HEQT achieves a -2.78% return, which is significantly lower than HEGD's -2.01% return.
HEQT
-2.78%
-0.63%
-1.47%
9.91%
N/A
N/A
HEGD
-2.01%
-0.45%
-1.38%
9.07%
N/A
N/A
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HEQT vs. HEGD - Expense Ratio Comparison
HEQT has a 0.53% expense ratio, which is lower than HEGD's 0.87% expense ratio.
Risk-Adjusted Performance
HEQT vs. HEGD — Risk-Adjusted Performance Rank
HEQT
HEGD
HEQT vs. HEGD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and Swan Hedged Equity US Large Cap ETF (HEGD). 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.
Dividends
HEQT vs. HEGD - Dividend Comparison
HEQT's dividend yield for the trailing twelve months is around 1.26%, more than HEGD's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
HEQT Simplify Hedged Equity ETF | 1.26% | 1.29% | 4.11% | 3.93% | 0.27% |
HEGD Swan Hedged Equity US Large Cap ETF | 0.44% | 0.43% | 0.39% | 0.87% | 0.31% |
Drawdowns
HEQT vs. HEGD - Drawdown Comparison
The maximum HEQT drawdown since its inception was -11.51%, smaller than the maximum HEGD drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for HEQT and HEGD. For additional features, visit the drawdowns tool.
Volatility
HEQT vs. HEGD - Volatility Comparison
Simplify Hedged Equity ETF (HEQT) has a higher volatility of 5.78% compared to Swan Hedged Equity US Large Cap ETF (HEGD) at 4.49%. This indicates that HEQT's price experiences larger fluctuations and is considered to be riskier than HEGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.