HEQT vs. SCHG
Compare and contrast key facts about Simplify Hedged Equity ETF (HEQT) and Schwab U.S. Large-Cap Growth ETF (SCHG).
HEQT and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEQT or SCHG.
Performance
HEQT vs. SCHG - Performance Comparison
Returns By Period
In the year-to-date period, HEQT achieves a 18.42% return, which is significantly lower than SCHG's 32.39% return.
HEQT
18.42%
1.14%
9.60%
22.30%
N/A
N/A
SCHG
32.39%
3.05%
14.79%
38.07%
20.38%
16.49%
Key characteristics
| HEQT | SCHG | |
|---|---|---|
| Sharpe Ratio | 3.13 | 2.33 |
| Sortino Ratio | 4.44 | 3.02 |
| Omega Ratio | 1.65 | 1.42 |
| Calmar Ratio | 4.54 | 3.21 |
| Martin Ratio | 24.08 | 12.73 |
| Ulcer Index | 0.95% | 3.11% |
| Daily Std Dev | 7.31% | 17.02% |
| Max Drawdown | -11.51% | -34.59% |
| Current Drawdown | -0.40% | -1.62% |
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HEQT vs. SCHG - Expense Ratio Comparison
HEQT has a 0.53% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Correlation
The correlation between HEQT and SCHG is 0.88, 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.
Risk-Adjusted Performance
HEQT vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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. SCHG - Dividend Comparison
HEQT's dividend yield for the trailing twelve months is around 3.64%, more than SCHG's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEQT Simplify Hedged Equity ETF | 3.64% | 4.11% | 3.93% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% | 1.07% |
Drawdowns
HEQT vs. SCHG - Drawdown Comparison
The maximum HEQT drawdown since its inception was -11.51%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for HEQT and SCHG. For additional features, visit the drawdowns tool.
Volatility
HEQT vs. SCHG - Volatility Comparison
The current volatility for Simplify Hedged Equity ETF (HEQT) is 2.44%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.78%. This indicates that HEQT experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.