Correlation
The correlation between PHEQ and HEQT is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
PHEQ vs. HEQT
Compare and contrast key facts about Parametric Hedged Equity ETF (PHEQ) and Simplify Hedged Equity ETF (HEQT).
PHEQ and HEQT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHEQ is an actively managed fund by Parametric. It was launched on Oct 16, 2023. HEQT is an actively managed fund by Simplify Asset Management. It was launched on Nov 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHEQ or HEQT.
Performance
PHEQ vs. HEQT - Performance Comparison
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Key characteristics
PHEQ:
0.83
HEQT:
1.06
PHEQ:
1.18
HEQT:
1.39
PHEQ:
1.19
HEQT:
1.19
PHEQ:
0.75
HEQT:
0.94
PHEQ:
2.90
HEQT:
3.19
PHEQ:
3.24%
HEQT:
3.11%
PHEQ:
11.78%
HEQT:
10.27%
PHEQ:
-12.55%
HEQT:
-11.51%
PHEQ:
-2.55%
HEQT:
-3.14%
Returns By Period
In the year-to-date period, PHEQ achieves a 0.75% return, which is significantly higher than HEQT's 0.28% return.
PHEQ
0.75%
4.33%
0.77%
9.70%
N/A
N/A
N/A
HEQT
0.28%
2.97%
-1.15%
10.85%
11.57%
N/A
N/A
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PHEQ vs. HEQT - Expense Ratio Comparison
PHEQ has a 0.29% expense ratio, which is lower than HEQT's 0.53% expense ratio.
Risk-Adjusted Performance
PHEQ vs. HEQT — Risk-Adjusted Performance Rank
PHEQ
HEQT
PHEQ vs. HEQT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Hedged Equity ETF (PHEQ) 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.
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Dividends
PHEQ vs. HEQT - Dividend Comparison
PHEQ's dividend yield for the trailing twelve months is around 1.44%, more than HEQT's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
PHEQ Parametric Hedged Equity ETF | 1.44% | 1.40% | 1.72% | 0.00% | 0.00% |
HEQT Simplify Hedged Equity ETF | 1.22% | 1.29% | 4.11% | 3.93% | 0.27% |
Drawdowns
PHEQ vs. HEQT - Drawdown Comparison
The maximum PHEQ drawdown since its inception was -12.55%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for PHEQ and HEQT.
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Volatility
PHEQ vs. HEQT - Volatility Comparison
Parametric Hedged Equity ETF (PHEQ) has a higher volatility of 3.06% compared to Simplify Hedged Equity ETF (HEQT) at 2.10%. This indicates that PHEQ'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.
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