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HEQT vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.9

Performance

HEQT vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Hedged Equity ETF (HEQT) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%SeptemberOctoberNovemberDecember2025February
6.60%
10.67%
HEQT
QQQ

Key characteristics

Sharpe Ratio

HEQT:

2.20

QQQ:

1.30

Sortino Ratio

HEQT:

3.04

QQQ:

1.78

Omega Ratio

HEQT:

1.43

QQQ:

1.24

Calmar Ratio

HEQT:

3.56

QQQ:

1.76

Martin Ratio

HEQT:

16.57

QQQ:

6.08

Ulcer Index

HEQT:

1.08%

QQQ:

3.92%

Daily Std Dev

HEQT:

8.16%

QQQ:

18.35%

Max Drawdown

HEQT:

-11.51%

QQQ:

-82.98%

Current Drawdown

HEQT:

-1.34%

QQQ:

-2.49%

Returns By Period

In the year-to-date period, HEQT achieves a 2.14% return, which is significantly lower than QQQ's 2.90% return.


HEQT

YTD

2.14%

1M

-0.63%

6M

6.75%

1Y

16.85%

5Y*

N/A

10Y*

N/A

QQQ

YTD

2.90%

1M

-1.23%

6M

9.93%

1Y

21.16%

5Y*

19.73%

10Y*

18.10%

*Annualized

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HEQT vs. QQQ - Expense Ratio Comparison

HEQT has a 0.53% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Expense ratio chart for HEQT: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

HEQT vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEQT
The Risk-Adjusted Performance Rank of HEQT is 8989
Overall Rank
The Sharpe Ratio Rank of HEQT is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of HEQT is 8888
Sortino Ratio Rank
The Omega Ratio Rank of HEQT is 8989
Omega Ratio Rank
The Calmar Ratio Rank of HEQT is 8989
Calmar Ratio Rank
The Martin Ratio Rank of HEQT is 9292
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5656
Overall Rank
The Sharpe Ratio Rank of QQQ is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5252
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5555
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6161
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5858
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HEQT vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and Invesco QQQ (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.


The chart of Sharpe ratio for HEQT, currently valued at 2.20, compared to the broader market0.002.004.002.201.30
The chart of Sortino ratio for HEQT, currently valued at 3.04, compared to the broader market0.005.0010.003.041.78
The chart of Omega ratio for HEQT, currently valued at 1.43, compared to the broader market0.501.001.502.002.503.001.431.24
The chart of Calmar ratio for HEQT, currently valued at 3.56, compared to the broader market0.005.0010.0015.0020.003.561.76
The chart of Martin ratio for HEQT, currently valued at 16.57, compared to the broader market0.0020.0040.0060.0080.00100.0016.576.08
HEQT
QQQ

The current HEQT Sharpe Ratio is 2.20, which is higher than the QQQ Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of HEQT and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.00SeptemberOctoberNovemberDecember2025February
2.20
1.30
HEQT
QQQ

Dividends

HEQT vs. QQQ - Dividend Comparison

HEQT's dividend yield for the trailing twelve months is around 1.26%, more than QQQ's 0.54% yield.


TTM20242023202220212020201920182017201620152014
HEQT
Simplify Hedged Equity ETF
1.26%1.29%4.11%3.93%0.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.54%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

HEQT vs. QQQ - Drawdown Comparison

The maximum HEQT drawdown since its inception was -11.51%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HEQT and QQQ. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2025February
-1.34%
-2.49%
HEQT
QQQ

Volatility

HEQT vs. QQQ - Volatility Comparison

The current volatility for Simplify Hedged Equity ETF (HEQT) is 2.25%, while Invesco QQQ (QQQ) has a volatility of 5.02%. 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.


0.00%2.00%4.00%6.00%8.00%SeptemberOctoberNovemberDecember2025February
2.25%
5.02%
HEQT
QQQ