HEQT vs. QQQ
Compare and contrast key facts about Simplify Hedged Equity ETF (HEQT) and Invesco QQQ ETF (QQQ).
HEQT and QQQ 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. It was launched on Nov 1, 2021. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
HEQT vs. QQQ - Performance Comparison
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HEQT vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HEQT Simplify Hedged Equity ETF | -1.81% | 10.08% | 18.30% | 16.61% | -8.25% | 2.16% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 2.39% |
Returns By Period
In the year-to-date period, HEQT achieves a -1.81% return, which is significantly higher than QQQ's -4.76% return.
HEQT
- 1D
- -0.41%
- 1M
- -3.20%
- YTD
- -1.81%
- 6M
- 0.91%
- 1Y
- 11.06%
- 3Y*
- 12.38%
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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HEQT vs. QQQ - Expense Ratio Comparison
HEQT has a 0.53% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
HEQT vs. QQQ — Risk / Return Rank
HEQT
QQQ
HEQT vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.07 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.90 | 1.66 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.00 | +0.15 |
Martin ratioReturn relative to average drawdown | 9.20 | 7.32 | +1.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEQT | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.07 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.38 | +0.55 |
Correlation
The correlation between HEQT and QQQ is 0.87, 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.
Dividends
HEQT vs. QQQ - Dividend Comparison
HEQT's dividend yield for the trailing twelve months is around 1.28%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEQT Simplify Hedged Equity ETF | 1.28% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
HEQT vs. QQQ - Drawdown Comparison
The maximum HEQT drawdown since its inception was -11.51%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for HEQT and QQQ.
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Drawdown Indicators
| HEQT | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -82.97% | +71.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -12.62% | +7.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -3.58% | -7.86% | +4.28% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -32.99% | +30.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 3.44% | -2.22% |
Volatility
HEQT vs. QQQ - Volatility Comparison
The current volatility for Simplify Hedged Equity ETF (HEQT) is 3.50%, while Invesco QQQ ETF (QQQ) has a volatility of 6.61%. This indicates that HEQT experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEQT | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 6.61% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 5.60% | 12.82% | -7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 22.70% | -14.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.57% | 22.38% | -13.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 22.25% | -13.68% |