HIGH vs. LQTI
HIGH (Simplify Enhanced Income ETF) and LQTI (FT Vest Investment Grade & Target Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HIGH returned -1.43% vs 4.91% for LQTI. At a 0.15 correlation, their price movements are largely independent. HIGH charges 0.51%/yr vs 0.65%/yr for LQTI.
Performance
HIGH vs. LQTI - Performance Comparison
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Returns By Period
In the year-to-date period, HIGH achieves a -0.79% return, which is significantly lower than LQTI's 0.47% return.
HIGH
- 1D
- -0.82%
- 1M
- 0.09%
- YTD
- -0.79%
- 6M
- -1.67%
- 1Y
- -1.43%
- 3Y*
- 2.72%
- 5Y*
- —
- 10Y*
- —
LQTI
- 1D
- 0.16%
- 1M
- 0.54%
- YTD
- 0.47%
- 6M
- 1.08%
- 1Y
- 4.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIGH vs. LQTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIGH Simplify Enhanced Income ETF | -0.79% | 3.10% |
LQTI FT Vest Investment Grade & Target Income ETF | 0.47% | 6.59% |
Correlation
The correlation between HIGH and LQTI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025 | 0.15 |
The correlation between HIGH and LQTI shifts across timeframes, from 0.15 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HIGH vs. LQTI — Risk / Return Rank
HIGH
LQTI
HIGH vs. LQTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) and FT Vest Investment Grade & Target Income ETF (LQTI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HIGH | LQTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.17 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.45 | -1.60 |
| Martin ratioReturn relative to average drawdown | -0.21 | 4.30 | -4.51 |
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Drawdowns
HIGH vs. LQTI - Drawdown Comparison
The maximum HIGH drawdown since its inception was -9.50%, which is greater than LQTI's maximum drawdown of -3.41%. Use the drawdown chart below to compare losses from any high point for HIGH and LQTI.
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Drawdown Indicators
| HIGH | LQTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -3.41% | -6.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -3.41% | -6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -9.50% | — | — |
Current DrawdownCurrent decline from peak | -7.50% | -1.13% | -6.37% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -0.90% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 1.15% | +5.58% |
Volatility
HIGH vs. LQTI - Volatility Comparison
Simplify Enhanced Income ETF (HIGH) has a higher volatility of 1.91% compared to FT Vest Investment Grade & Target Income ETF (LQTI) at 1.54%. This indicates that HIGH's price experiences larger fluctuations and is considered to be riskier than LQTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIGH | LQTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.54% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 4.13% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 5.11% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 5.94% | +3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.53% | 5.94% | +3.59% |
HIGH vs. LQTI - Expense Ratio Comparison
HIGH has a 0.51% expense ratio, which is lower than LQTI's 0.65% expense ratio.
Dividends
HIGH vs. LQTI - Dividend Comparison
HIGH's dividend yield for the trailing twelve months is around 7.36%, less than LQTI's 9.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | 7.36% | 7.71% | 8.34% | 9.40% | 0.62% |
LQTI FT Vest Investment Grade & Target Income ETF | 9.08% | 7.01% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HIGH and LQTI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIGH has higher volatility (1.91%) compared to LQTI (1.54%). In terms of maximum drawdown, HIGH dropped -9.50% vs LQTI's -3.41%.
On 1-year performance, LQTI leads with 4.91% vs -1.43% for HIGH. On fees, HIGH is cheaper at 0.51% per year. On volatility, LQTI has been the lower-risk option at 1.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LQTI has performed better with a 4.91% return vs -1.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HIGH is cheaper with a 0.51% expense ratio, compared with 0.65% for LQTI.
LQTI has the higher dividend yield at 9.08%, compared with 7.36% for HIGH.
They also come from different issuers: Simplify and FT Vest. Their fees differ too: 0.51% for HIGH and 0.65% for LQTI.
LQTI currently has the higher Sharpe Ratio (0.97 vs -0.16), 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.
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