INEQ vs. HIGH
INEQ (Columbia International Equity Income ETF) and HIGH (Simplify Enhanced Income ETF) are both exchange-traded funds - INEQ is a Dividend fund actively managed by Columbia, while HIGH is a Derivative Income fund actively managed by Simplify. Both are actively managed. Over the past 3 years, INEQ returned 20.29%/yr vs 2.43%/yr for HIGH. Their 0.23 correlation means their historical movements had little consistent relationship. INEQ charges 0.45%/yr vs 0.50%/yr for HIGH.
Performance
INEQ vs. HIGH - Performance Comparison
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Returns By Period
In the year-to-date period, INEQ achieves a 12.10% return, which is significantly higher than HIGH's -1.00% return.
INEQ
- 1D
- -0.61%
- 1M
- 4.84%
- 6M
- 7.09%
- YTD
- 12.10%
- 1Y
- 28.80%
- 3Y*
- 20.29%
- 5Y*
- 13.46%
- 10Y*
- 9.92%
- ALL TIME*
- 10.16%
HIGH
- 1D
- 0.30%
- 1M
- -0.44%
- 6M
- -0.14%
- YTD
- -1.00%
- 1Y
- -1.25%
- 3Y*
- 2.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $264.89K | $245.02K | $537.34K | |
| $606.92K | $766.57K | $703.44K |
INEQ vs. HIGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INEQ Columbia International Equity Income ETF | 12.10% | 39.85% | 6.02% | 20.88% | 11.55% |
HIGH Simplify Enhanced Income ETF | -1.00% | 4.35% | 1.52% | 7.70% | 0.47% |
Correlation
The correlation between INEQ and HIGH is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.23 |
The correlation between INEQ and HIGH shifts across timeframes, from 0.23 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
INEQ vs. HIGH — Risk / Return Rank
INEQ
HIGH
INEQ vs. HIGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia International Equity Income ETF (INEQ) and Simplify Enhanced Income ETF (HIGH). 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.
| INEQ | HIGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.97 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | -0.21 | +3.22 |
| Martin ratioReturn relative to average drawdown | 9.69 | -0.34 | +10.03 |
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Drawdowns
INEQ vs. HIGH - Drawdown Comparison
The maximum INEQ drawdown since its inception was -41.71%, which is greater than HIGH's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for INEQ and HIGH.
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Drawdown Indicators
| INEQ | HIGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -9.50% | -32.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -7.08% | -2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.38% | -9.50% | -4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.71% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -7.69% | +7.08% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -2.59% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 4.46% | -1.50% |
Volatility
INEQ vs. HIGH - Volatility Comparison
Columbia International Equity Income ETF (INEQ) has a higher volatility of 4.27% compared to Simplify Enhanced Income ETF (HIGH) at 2.16%. This indicates that INEQ's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INEQ | HIGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 2.16% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.47% | 3.90% | +7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 7.23% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 9.46% | +5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 9.46% | +6.91% |
INEQ vs. HIGH - Expense Ratio Comparison
INEQ has a 0.45% expense ratio, which is lower than HIGH's 0.50% expense ratio.
Dividends
INEQ vs. HIGH - Dividend Comparison
INEQ's dividend yield for the trailing twelve months is around 9.31%, more than HIGH's 6.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | 6.88% | 7.71% | 8.34% | 9.40% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INEQ Columbia International Equity Income ETF | 9.31% | 9.76% | 3.11% | 3.27% | 3.57% | 3.43% | 2.64% | 3.34% | 7.25% | 4.63% | 2.52% |
Frequently Asked Questions
INEQ and HIGH have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INEQ has higher volatility (4.27%) compared to HIGH (2.16%). In terms of maximum drawdown, INEQ dropped -41.71% vs HIGH's -9.50%.
On 3-year performance, INEQ leads with 20.29% vs 2.43% for HIGH. On fees, INEQ is cheaper at 0.45% per year. On volatility, HIGH has been the lower-risk option at 2.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, INEQ has performed better with a 20.29% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INEQ is cheaper with a 0.45% expense ratio, compared with 0.50% for HIGH.
INEQ has the higher dividend yield at 9.31%, compared with 6.88% for HIGH.
INEQ is categorized as Dividend, while HIGH is Derivative Income. They also come from different issuers: Columbia and Simplify. Their fees differ too: 0.45% for INEQ and 0.50% for HIGH.
INEQ currently has the higher Sharpe Ratio (2.12 vs -0.21), 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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