HEQT vs. IVVM

Last updated Jun 5, 2026

HEQT (Simplify Hedged Equity ETF) and IVVM (iShares Large Cap Moderate Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past year, HEQT returned 14.78% vs 16.46% for IVVM. Their correlation of 0.86 suggests significant overlap in exposure. HEQT charges 0.53%/yr vs 0.50%/yr for IVVM.

Performance

HEQT vs. IVVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Hedged Equity ETF (HEQT) and iShares Large Cap Moderate Buffer ETF (IVVM). 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 lower than IVVM's 6.18% return.

HEQT

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

IVVM

• 1D: 0.22%
• 1M: 1.85%
• YTD: 6.18%
• 6M: 6.26%
• 1Y: 16.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEQT vs. IVVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HEQT Simplify Hedged Equity ETF	4.92%	10.08%	18.30%	5.37%
IVVM iShares Large Cap Moderate Buffer ETF	6.18%	14.24%	16.08%	5.17%

Correlation

The correlation between HEQT and IVVM is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023	0.86

The correlation between HEQT and IVVM has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

HEQT vs. IVVM - Sectors Allocation Comparison

Sectors	HEQT	IVVM
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

HEQT vs. IVVM — 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

IVVM

IVVM Risk / Return Rank: 75
IVVM Sharpe Ratio Rank: 73
IVVM Sortino Ratio Rank: 76
IVVM Omega Ratio Rank: 82
IVVM Calmar Ratio Rank: 64
IVVM Martin Ratio Rank: 80

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. IVVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and iShares Large Cap Moderate Buffer ETF (IVVM). 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	IVVM	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.35	-0.02
Sortino ratio: Return per unit of downside risk	3.31	3.37	-0.05
Omega ratio: Gain probability vs. loss probability	1.49	1.49	0.00
Calmar ratio: Return relative to maximum drawdown	2.92	3.12	-0.20
Martin ratio: Return relative to average drawdown	13.35	15.52	-2.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HEQT vs. IVVM - Sharpe Ratio Comparison

The current HEQT Sharpe Ratio is 2.33, which is comparable to the IVVM Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of HEQT and IVVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HEQT	IVVM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.35	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	1.50	-0.42

Drawdowns

HEQT vs. IVVM - Drawdown Comparison

The maximum HEQT drawdown since its inception was -11.51%, roughly equal to the maximum IVVM drawdown of -11.62%. Use the drawdown chart below to compare losses from any high point for HEQT and IVVM.

Drawdown Indicators

	HEQT	IVVM	Difference
Max Drawdown Largest peak-to-trough decline	-11.51%	-11.62%	+0.11%
Max Drawdown (1Y) Largest decline over 1 year	-5.09%	-5.31%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-10.57%	—	—
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-2.79%	-0.92%	-1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	1.06%	+0.05%

Volatility

HEQT vs. IVVM - Volatility Comparison

Simplify Hedged Equity ETF (HEQT) and iShares Large Cap Moderate Buffer ETF (IVVM) have volatilities of 0.73% and 0.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEQT	IVVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	0.73%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	5.27%	5.62%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	6.38%	7.03%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.47%	9.62%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.47%	9.62%	-1.15%

HEQT vs. IVVM - Expense Ratio Comparison

HEQT has a 0.53% expense ratio, which is higher than IVVM's 0.50% expense ratio.

Dividends

HEQT vs. IVVM - Dividend Comparison

HEQT's dividend yield for the trailing twelve months is around 1.19%, more than IVVM's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021
HEQT Simplify Hedged Equity ETF	1.19%	1.19%	1.29%	4.10%	3.94%	0.27%
IVVM iShares Large Cap Moderate Buffer ETF	0.64%	0.68%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HEQT and IVVM in my portfolio?

HEQT and IVVM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HEQT or IVVM?

IVVM has higher volatility (0.73%) compared to HEQT (0.73%). In terms of maximum drawdown, HEQT dropped -11.51% vs IVVM's -11.62%.

Which ETF is better, HEQT or IVVM?

On 1-year performance, IVVM leads with 16.46% vs 14.78% for HEQT. On fees, IVVM is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HEQT or IVVM?

Over the 1-year period, IVVM has performed better with a 16.46% return vs 14.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HEQT or IVVM?

IVVM is cheaper with a 0.50% expense ratio, compared with 0.53% for HEQT.

Which ETF pays a higher dividend yield, HEQT or IVVM?

HEQT has the higher dividend yield at 1.19%, compared with 0.64% for IVVM.

What is the main difference between HEQT and IVVM?

They also come from different issuers: Simplify and iShares. Their fees differ too: 0.53% for HEQT and 0.50% for IVVM.

Which has better risk-adjusted returns?

IVVM currently has the higher Sharpe Ratio (2.35 vs 2.33), 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.