IVVB vs. HEQT
IVVB (iShares Large Cap Deep Buffer ETF) and HEQT (Simplify Hedged Equity ETF) are both exchange-traded funds - IVVB is a Options Trading fund actively managed by iShares, while HEQT is a Equity Hedged fund actively managed by Simplify. Both are actively managed. Over the past year, IVVB returned 12.68% vs 13.00% for HEQT. Their correlation of 0.88 suggests significant overlap in exposure. IVVB charges 0.50%/yr vs 0.43%/yr for HEQT.
Performance
IVVB vs. HEQT - Performance Comparison
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Returns By Period
In the year-to-date period, IVVB achieves a 3.81% return, which is significantly lower than HEQT's 4.02% return.
IVVB
- 1D
- -0.46%
- 1M
- -0.43%
- YTD
- 3.81%
- 6M
- 2.94%
- 1Y
- 12.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQT
- 1D
- -0.71%
- 1M
- -0.14%
- YTD
- 4.02%
- 6M
- 3.76%
- 1Y
- 13.00%
- 3Y*
- 12.95%
- 5Y*
- —
- 10Y*
- —
IVVB vs. HEQT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVVB iShares Large Cap Deep Buffer ETF | 3.81% | 9.60% | 18.66% | 2.64% |
HEQT Simplify Hedged Equity ETF | 4.02% | 10.08% | 18.30% | 5.71% |
Correlation
The correlation between IVVB and HEQT is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.88 |
The correlation between IVVB and HEQT has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
IVVB vs. HEQT — Risk / Return Rank
IVVB
HEQT
IVVB vs. HEQT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Deep Buffer ETF (IVVB) 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.
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.
| IVVB | HEQT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.56 | -0.35 |
| Martin ratioReturn relative to average drawdown | 9.43 | 11.59 | -2.15 |
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Drawdowns
IVVB vs. HEQT - Drawdown Comparison
The maximum IVVB drawdown since its inception was -13.08%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for IVVB and HEQT.
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Drawdown Indicators
| IVVB | HEQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.08% | -11.51% | -1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -5.09% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.57% | — |
Current DrawdownCurrent decline from peak | -0.88% | -1.12% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -2.77% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.12% | +0.23% |
Volatility
IVVB vs. HEQT - Volatility Comparison
The current volatility for iShares Large Cap Deep Buffer ETF (IVVB) is 1.74%, while Simplify Hedged Equity ETF (HEQT) has a volatility of 2.06%. This indicates that IVVB experiences smaller price fluctuations and is considered to be less risky than HEQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVVB | HEQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 2.06% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 5.49% | 5.49% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 6.64% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.25% | 8.47% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 8.47% | +0.78% |
IVVB vs. HEQT - Expense Ratio Comparison
IVVB has a 0.50% expense ratio, which is higher than HEQT's 0.43% expense ratio.
Dividends
IVVB vs. HEQT - Dividend Comparison
IVVB's dividend yield for the trailing twelve months is around 1.18%, less than HEQT's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HEQT Simplify Hedged Equity ETF | 1.20% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% |
IVVB iShares Large Cap Deep Buffer ETF | 1.18% | 1.22% | 0.87% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVVB and HEQT have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HEQT has higher volatility (2.06%) compared to IVVB (1.74%). In terms of maximum drawdown, IVVB dropped -13.08% vs HEQT's -11.51%.
On 1-year performance, HEQT leads with 13.00% vs 12.68% for IVVB. On fees, HEQT is cheaper at 0.43% per year. On volatility, IVVB has been the lower-risk option at 1.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HEQT has performed better with a 13.00% return vs 12.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HEQT is cheaper with a 0.43% expense ratio, compared with 0.50% for IVVB.
HEQT has the higher dividend yield at 1.20%, compared with 1.18% for IVVB.
IVVB is categorized as Options Trading, while HEQT is Equity Hedged. They also come from different issuers: iShares and Simplify. Their fees differ too: 0.50% for IVVB and 0.43% for HEQT.
HEQT currently has the higher Sharpe Ratio (1.97 vs 1.72), 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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