HEQT vs. SPY
Compare and contrast key facts about Simplify Hedged Equity ETF (HEQT) and SPDR S&P 500 ETF (SPY).
HEQT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEQT or SPY.
Key characteristics
| HEQT | SPY | |
|---|---|---|
| YTD Return | 18.62% | 26.49% |
| 1Y Return | 25.67% | 38.06% |
| 3Y Return (Ann) | 8.80% | 9.93% |
| Sharpe Ratio | 3.45 | 3.11 |
| Sortino Ratio | 5.00 | 4.14 |
| Omega Ratio | 1.73 | 1.58 |
| Calmar Ratio | 5.12 | 4.54 |
| Martin Ratio | 27.29 | 20.57 |
| Ulcer Index | 0.95% | 1.86% |
| Daily Std Dev | 7.49% | 12.29% |
| Max Drawdown | -11.51% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between HEQT and SPY is 0.92, 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.
Performance
HEQT vs. SPY - Performance Comparison
In the year-to-date period, HEQT achieves a 18.62% return, which is significantly lower than SPY's 26.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HEQT vs. SPY - Expense Ratio Comparison
HEQT has a 0.53% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HEQT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Hedged Equity ETF (HEQT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
HEQT's dividend yield for the trailing twelve months is around 3.63%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEQT Simplify Hedged Equity ETF | 3.63% | 4.11% | 3.93% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HEQT vs. SPY - Drawdown Comparison
The maximum HEQT drawdown since its inception was -11.51%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HEQT and SPY. For additional features, visit the drawdowns tool.
Volatility
HEQT vs. SPY - Volatility Comparison
The current volatility for Simplify Hedged Equity ETF (HEQT) is 2.28%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that HEQT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.