HEQT vs. QCLR

Last updated Jun 5, 2026

HEQT (Simplify Hedged Equity ETF) and QCLR (Global X NASDAQ 100 Collar 95-110 ETF) are both exchange-traded funds - HEQT is a Options Trading fund actively managed by Simplify, while QCLR is a Nasdaq-100 fund tracking the NASDAQ-100 Quarterly Collar 95-110 Index. HEQT is actively managed, while QCLR is passively managed. Over the past 3 years, HEQT returned 13.47%/yr vs 13.75%/yr for QCLR. A 0.78 correlation means they provide meaningful diversification when combined. HEQT charges 0.53%/yr vs 0.60%/yr for QCLR.

Performance

HEQT vs. QCLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Hedged Equity ETF (HEQT) and Global X NASDAQ 100 Collar 95-110 ETF (QCLR). 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 QCLR's 1.52% return.

HEQT

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

QCLR

• 1D: 0.12%
• 1M: 1.42%
• YTD: 1.52%
• 6M: 0.21%
• 1Y: 11.37%
• 3Y*: 13.75%
• 5Y*: —
• 10Y*: —

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

HEQT vs. QCLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HEQT Simplify Hedged Equity ETF	4.92%	10.08%	18.30%	16.61%	-8.25%	2.16%
QCLR Global X NASDAQ 100 Collar 95-110 ETF	1.52%	11.27%	20.27%	28.87%	-18.87%	0.03%

Correlation

The correlation between HEQT and QCLR is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021	0.78

The correlation between HEQT and QCLR has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.

HEQT vs. QCLR - Sectors Allocation Comparison

Sectors	HEQT	QCLR
Technology	36.2%	53.8%
Financial Services	11.9%	0.2%
Communication Services	10.9%	15.8%
Consumer Cyclical	10.1%	12.2%
Healthcare	8.4%	4.2%
Industrials	8.1%	2.9%
Consumer Defensive	4.9%	7.7%
Energy	3.5%	0.6%
Utilities	2.3%	1.4%
Real Estate	1.9%	0.1%
Basic Materials	1.8%	1.1%

Return for Risk

HEQT vs. QCLR — 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

QCLR

QCLR Risk / Return Rank: 30
QCLR Sharpe Ratio Rank: 33
QCLR Sortino Ratio Rank: 30
QCLR Omega Ratio Rank: 33
QCLR Calmar Ratio Rank: 24
QCLR Martin Ratio Rank: 29

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. QCLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and Global X NASDAQ 100 Collar 95-110 ETF (QCLR). 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	QCLR	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.16	+1.16
Sortino ratio: Return per unit of downside risk	3.31	1.60	+1.71
Omega ratio: Gain probability vs. loss probability	1.49	1.22	+0.27
Calmar ratio: Return relative to maximum drawdown	2.92	1.12	+1.80
Martin ratio: Return relative to average drawdown	13.35	4.02	+9.33
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. QCLR - Sharpe Ratio Comparison

The current HEQT Sharpe Ratio is 2.33, which is higher than the QCLR Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of HEQT and QCLR, 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	QCLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	1.16	+1.16
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.67	+0.41

Drawdowns

HEQT vs. QCLR - Drawdown Comparison

The maximum HEQT drawdown since its inception was -11.51%, smaller than the maximum QCLR drawdown of -21.77%. Use the drawdown chart below to compare losses from any high point for HEQT and QCLR.

Drawdown Indicators

	HEQT	QCLR	Difference
Max Drawdown Largest peak-to-trough decline	-11.51%	-21.77%	+10.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.09%	-10.22%	+5.13%
Max Drawdown (3Y) Largest decline over 3 years	-10.57%	-13.58%	+3.01%
Current Drawdown Current decline from peak	-0.09%	-0.78%	+0.69%
Average Drawdown Average peak-to-trough decline	-2.79%	-6.19%	+3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	2.84%	-1.73%

Volatility

HEQT vs. QCLR - Volatility Comparison

Simplify Hedged Equity ETF (HEQT) has a higher volatility of 0.73% compared to Global X NASDAQ 100 Collar 95-110 ETF (QCLR) at 0.42%. This indicates that HEQT's price experiences larger fluctuations and is considered to be riskier than QCLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEQT	QCLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	0.42%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	5.27%	7.19%	-1.92%
Volatility (1Y) Calculated over the trailing 1-year period	6.38%	9.80%	-3.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.47%	12.42%	-3.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.47%	12.42%	-3.95%

HEQT vs. QCLR - Expense Ratio Comparison

HEQT has a 0.53% expense ratio, which is lower than QCLR's 0.60% expense ratio.

Dividends

HEQT vs. QCLR - Dividend Comparison

HEQT's dividend yield for the trailing twelve months is around 1.19%, less than QCLR's 14.66% 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%
QCLR Global X NASDAQ 100 Collar 95-110 ETF	14.66%	14.89%	8.89%	0.47%	0.27%	1.64%

Frequently Asked Questions

Can I hold both HEQT and QCLR in my portfolio?

HEQT and QCLR have a correlation of 0.82, 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 QCLR?

HEQT has higher volatility (0.73%) compared to QCLR (0.42%). In terms of maximum drawdown, HEQT dropped -11.51% vs QCLR's -21.77%.

Which ETF is better, HEQT or QCLR?

On 3-year performance, QCLR leads with 13.75% vs 13.47% for HEQT. On fees, HEQT is cheaper at 0.53% per year. On volatility, QCLR has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HEQT or QCLR?

Over the 3-year period, QCLR has performed better with a 13.75% return vs 13.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HEQT or QCLR?

HEQT is cheaper with a 0.53% expense ratio, compared with 0.60% for QCLR.

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

QCLR has the higher dividend yield at 14.66%, compared with 1.19% for HEQT.

What is the main difference between HEQT and QCLR?

HEQT is categorized as Options Trading, while QCLR is Nasdaq-100. They also come from different issuers: Simplify and Global X. Their fees differ too: 0.53% for HEQT and 0.60% for QCLR.

Which has better risk-adjusted returns?

HEQT currently has the higher Sharpe Ratio (2.33 vs 1.16), 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.