MART vs. HEQT

Last updated Aug 2, 2026

MART (Allianzim U.S. Large Cap Buffer10 Mar ETF) and HEQT (Simplify Hedged Equity ETF) are both exchange-traded funds - MART is a Options Trading fund actively managed by Allianz, while HEQT is a Equity Hedged fund actively managed by Simplify. Both are actively managed. Over the past 3 years, MART returned 14.96%/yr vs 12.64%/yr for HEQT. Their correlation of 0.88 means they have usually moved in the same direction. MART charges 0.74%/yr vs 0.43%/yr for HEQT.

Performance

MART vs. HEQT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allianzim U.S. Large Cap Buffer10 Mar ETF (MART) 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, MART achieves a 8.98% return, which is significantly higher than HEQT's 5.74% return.

MART

• 1D: 0.47%
• 1M: 0.74%
• 6M: 8.01%
• YTD: 8.98%
• 1Y: 16.87%
• 3Y*: 14.96%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.57%

HEQT

• 1D: 0.48%
• 1M: 0.62%
• 6M: 4.44%
• YTD: 5.74%
• 1Y: 12.81%
• 3Y*: 12.64%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HEQT Simplify Hedged Equity ETF	$1.71M	$2.08M	$1.80M
MART Allianzim U.S. Large Cap Buffer10 Mar ETF	$88.13K	$52.45K	$42.42K

MART vs. HEQT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MART Allianzim U.S. Large Cap Buffer10 Mar ETF	8.98%	14.93%	15.60%	16.61%
HEQT Simplify Hedged Equity ETF	5.74%	10.08%	18.30%	13.04%

Correlation

The correlation between MART and HEQT is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (All Time) Calculated using the full available price history since Mar 1, 2023	0.88

The correlation between MART and HEQT has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

Return for Risk

MART vs. HEQT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MART

MART Risk / Return Rank: 89
MART Sharpe Ratio Rank: 89
MART Sortino Ratio Rank: 90
MART Omega Ratio Rank: 91
MART Calmar Ratio Rank: 82
MART Martin Ratio Rank: 92

HEQT

HEQT Risk / Return Rank: 77
HEQT Sharpe Ratio Rank: 77
HEQT Sortino Ratio Rank: 77
HEQT Omega Ratio Rank: 80
HEQT Calmar Ratio Rank: 69
HEQT Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MART vs. HEQT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap Buffer10 Mar ETF (MART) 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.

	MART	HEQT	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.74	+0.43
Sortino ratio: Return per unit of downside risk	3.16	2.46	+0.71
Omega ratio: Gain probability vs. loss probability	1.43	1.34	+0.09
Calmar ratio: Return relative to maximum drawdown	3.00	2.37	+0.63
Martin ratio: Return relative to average drawdown	16.08	10.53	+5.55

MART vs. HEQT - Sharpe Ratio Comparison

The current MART Sharpe Ratio is 2.17, which is comparable to the HEQT Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of MART 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.

Drawdowns

MART vs. HEQT - Drawdown Comparison

The maximum MART drawdown since its inception was -11.61%, roughly equal to the maximum HEQT drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for MART and HEQT.

Drawdown Indicators

	MART	HEQT	Difference
Max Drawdown Largest peak-to-trough decline	-11.61%	-11.51%	-0.10%
Max Drawdown (1Y) Largest decline over 1 year	-5.30%	-5.09%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-11.61%	-10.57%	-1.04%
Current Drawdown Current decline from peak	-0.07%	-0.33%	+0.26%
Average Drawdown Average peak-to-trough decline	-0.89%	-2.71%	+1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	1.15%	-0.16%

Volatility

MART vs. HEQT - Volatility Comparison

The current volatility for Allianzim U.S. Large Cap Buffer10 Mar ETF (MART) is 1.87%, while Simplify Hedged Equity ETF (HEQT) has a volatility of 2.18%. This indicates that MART 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.

Volatility by Period

	MART	HEQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.87%	2.18%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	6.10%	5.69%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	7.35%	6.95%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.59%	8.44%	+1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.59%	8.44%	+1.15%

MART vs. HEQT - Expense Ratio Comparison

MART has a 0.74% expense ratio, which is higher than HEQT's 0.43% expense ratio.

Dividends

MART vs. HEQT - Dividend Comparison

MART has not paid dividends to shareholders, while HEQT's dividend yield for the trailing twelve months is around 1.19%.

Position	TTM	2025	2024	2023	2022	2021
HEQT Simplify Hedged Equity ETF	1.19%	1.19%	1.29%	4.10%	3.94%	0.27%
MART Allianzim U.S. Large Cap Buffer10 Mar ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MART and HEQT in my portfolio?

MART and HEQT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MART or HEQT?

HEQT has higher volatility (2.18%) compared to MART (1.87%). In terms of maximum drawdown, MART dropped -11.61% vs HEQT's -11.51%.

Which ETF is better, MART or HEQT?

On 3-year performance, MART leads with 14.96% vs 12.64% for HEQT. On fees, HEQT is cheaper at 0.43% per year. On volatility, MART has been the lower-risk option at 1.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MART or HEQT?

Over the 3-year period, MART has performed better with a 14.96% return vs 12.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MART or HEQT?

HEQT is cheaper with a 0.43% expense ratio, compared with 0.74% for MART.

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

HEQT has the higher dividend yield at 1.19%, compared with 0.00% for MART.

What is the main difference between MART and HEQT?

MART is categorized as Options Trading, while HEQT is Equity Hedged. They also come from different issuers: Allianz and Simplify. Their fees differ too: 0.74% for MART and 0.43% for HEQT.

Which has better risk-adjusted returns?

MART currently has the higher Sharpe Ratio (2.17 vs 1.74), 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.