HYTR vs. HEQT

Last updated Jun 5, 2026

HYTR (CP High Yield Trend ETF) and HEQT (Simplify Hedged Equity ETF) are both exchange-traded funds - HYTR is a High Yield Bonds fund tracking the CP High Yield Trend Index, while HEQT is a Options Trading fund actively managed by Simplify. HYTR is passively managed, while HEQT is actively managed. Over the past 3 years, HYTR returned 6.52%/yr vs 13.47%/yr for HEQT. At a 0.49 correlation, their price movements are largely independent. HYTR charges 0.97%/yr vs 0.53%/yr for HEQT.

Performance

HYTR vs. HEQT - Performance Comparison

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

Returns By Period

In the year-to-date period, HYTR achieves a 0.35% return, which is significantly lower than HEQT's 4.92% return.

HYTR

• 1D: 0.11%
• 1M: 0.37%
• YTD: 0.35%
• 6M: 0.72%
• 1Y: 5.23%
• 3Y*: 6.52%
• 5Y*: 2.09%
• 10Y*: —

HEQT

• 1D: -0.03%
• 1M: 1.33%
• YTD: 4.92%
• 6M: 5.48%
• 1Y: 14.78%
• 3Y*: 13.47%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYTR vs. HEQT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HYTR CP High Yield Trend ETF	0.35%	5.95%	7.25%	8.31%	-11.29%	0.51%
HEQT Simplify Hedged Equity ETF	4.92%	10.08%	18.30%	16.61%	-8.25%	2.16%

Correlation

The correlation between HYTR and HEQT is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021	0.49

The correlation between HYTR and HEQT shifts across timeframes, from 0.49 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.

HYTR vs. HEQT - Sectors Allocation Comparison

Sectors	HYTR	HEQT
Energy	90.3%	3.5%
Technology	9.3%	36.2%
Real Estate	0.5%	1.9%
Basic Materials	-	1.8%
Communication Services	-	10.9%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Financial Services	-	11.9%
Healthcare	-	8.4%
Industrials	-	8.1%
Utilities	-	2.3%

Return for Risk

HYTR vs. HEQT — Risk / Return Rank

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

HYTR

HYTR Risk / Return Rank: 44
HYTR Sharpe Ratio Rank: 41
HYTR Sortino Ratio Rank: 42
HYTR Omega Ratio Rank: 44
HYTR Calmar Ratio Rank: 47
HYTR Martin Ratio Rank: 47

HEQT

HEQT Risk / Return Rank: 72
HEQT Sharpe Ratio Rank: 72
HEQT Sortino Ratio Rank: 75
HEQT Omega Ratio Rank: 82
HEQT Calmar Ratio Rank: 60
HEQT Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYTR vs. HEQT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) and Simplify Hedged Equity ETF (HEQT). 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.

	HYTR	HEQT	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.33	-0.89
Sortino ratio: Return per unit of downside risk	2.10	3.31	-1.22
Omega ratio: Gain probability vs. loss probability	1.28	1.49	-0.21
Calmar ratio: Return relative to maximum drawdown	2.31	2.92	-0.61
Martin ratio: Return relative to average drawdown	7.61	13.35	-5.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYTR vs. HEQT - Sharpe Ratio Comparison

The current HYTR Sharpe Ratio is 1.44, which is lower than the HEQT Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of HYTR and HEQT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYTR	HEQT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	2.33	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.08	-0.79

Drawdowns

HYTR vs. HEQT - Drawdown Comparison

The maximum HYTR drawdown since its inception was -13.25%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for HYTR and HEQT.

Drawdown Indicators

	HYTR	HEQT	Difference
Max Drawdown Largest peak-to-trough decline	-13.25%	-11.51%	-1.74%
Max Drawdown (1Y) Largest decline over 1 year	-2.28%	-5.09%	+2.81%
Max Drawdown (3Y) Largest decline over 3 years	-4.93%	-10.57%	+5.64%
Max Drawdown (5Y) Largest decline over 5 years	-13.25%	—	—
Current Drawdown Current decline from peak	-0.56%	-0.09%	-0.47%
Average Drawdown Average peak-to-trough decline	-4.13%	-2.79%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	1.11%	-0.42%

Volatility

HYTR vs. HEQT - Volatility Comparison

CP High Yield Trend ETF (HYTR) has a higher volatility of 1.09% compared to Simplify Hedged Equity ETF (HEQT) at 0.73%. This indicates that HYTR's price experiences larger fluctuations and is considered to be riskier than HEQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYTR	HEQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	0.73%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	5.27%	-2.63%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	6.38%	-2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.62%	8.47%	-2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.86%	8.47%	-2.61%

HYTR vs. HEQT - Expense Ratio Comparison

HYTR has a 0.97% expense ratio, which is higher than HEQT's 0.53% expense ratio.

Dividends

HYTR vs. HEQT - Dividend Comparison

HYTR's dividend yield for the trailing twelve months is around 5.70%, more than HEQT's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HEQT Simplify Hedged Equity ETF	1.19%	1.19%	1.29%	4.10%	3.94%	0.27%	0.00%
HYTR CP High Yield Trend ETF	5.70%	5.78%	5.55%	5.43%	1.24%	3.70%	3.05%

Frequently Asked Questions

Can I hold both HYTR and HEQT in my portfolio?

HYTR and HEQT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYTR or HEQT?

HYTR has higher volatility (1.09%) compared to HEQT (0.73%). In terms of maximum drawdown, HYTR dropped -13.25% vs HEQT's -11.51%.

Which ETF is better, HYTR or HEQT?

On 3-year performance, HEQT leads with 13.47% vs 6.52% for HYTR. On fees, HEQT is cheaper at 0.53% per year. On volatility, HEQT has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYTR or HEQT?

Over the 3-year period, HEQT has performed better with a 13.47% return vs 6.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYTR or HEQT?

HEQT is cheaper with a 0.53% expense ratio, compared with 0.97% for HYTR.

Which ETF pays a higher dividend yield, HYTR or HEQT?

HYTR has the higher dividend yield at 5.70%, compared with 1.19% for HEQT.

What is the main difference between HYTR and HEQT?

HYTR is categorized as High Yield Bonds, while HEQT is Options Trading. They also come from different issuers: Counterpoint Mutual Funds LLC and Simplify. Their fees differ too: 0.97% for HYTR and 0.53% for HEQT.

Which has better risk-adjusted returns?

HEQT currently has the higher Sharpe Ratio (2.33 vs 1.44), 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.