SCEP vs. HEQT
SCEP (Sterling Capital Hedged Equity Premium Income ETF) and HEQT (Simplify Hedged Equity ETF) are both Equity Hedged funds. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. SCEP charges 0.65%/yr vs 0.43%/yr for HEQT.
Performance
SCEP vs. HEQT - Performance Comparison
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Returns By Period
In the year-to-date period, SCEP achieves a 2.41% return, which is significantly lower than HEQT's 3.86% return.
SCEP
- 1D
- -0.11%
- 1M
- -0.90%
- YTD
- 2.41%
- 6M
- 1.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQT
- 1D
- -0.16%
- 1M
- -0.30%
- YTD
- 3.86%
- 6M
- 3.37%
- 1Y
- 12.07%
- 3Y*
- 12.89%
- 5Y*
- —
- 10Y*
- —
SCEP vs. HEQT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCEP Sterling Capital Hedged Equity Premium Income ETF | 2.41% | -0.50% |
HEQT Simplify Hedged Equity ETF | 3.86% | 0.19% |
Correlation
The correlation between SCEP and HEQT is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.83 |
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Return for Risk
SCEP vs. HEQT — Risk / Return Rank
SCEP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HEQT
SCEP vs. HEQT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Hedged Equity Premium Income ETF (SCEP) 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.
| SCEP | HEQT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.38 | — |
| Martin ratioReturn relative to average drawdown | — | 10.73 | — |
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Drawdowns
SCEP vs. HEQT - Drawdown Comparison
The maximum SCEP drawdown since its inception was -7.25%, smaller than the maximum HEQT drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for SCEP and HEQT.
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Drawdown Indicators
| SCEP | HEQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.25% | -11.51% | +4.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.57% | — |
Current DrawdownCurrent decline from peak | -1.79% | -1.28% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -2.76% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.13% | — |
Volatility
SCEP vs. HEQT - Volatility Comparison
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Volatility by Period
| SCEP | HEQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.68% | 6.65% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.68% | 8.47% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.68% | 8.47% | +2.21% |
SCEP vs. HEQT - Expense Ratio Comparison
SCEP has a 0.65% expense ratio, which is higher than HEQT's 0.43% expense ratio.
Dividends
SCEP vs. HEQT - Dividend Comparison
SCEP's dividend yield for the trailing twelve months is around 3.29%, more than HEQT's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HEQT Simplify Hedged Equity ETF | 1.21% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% |
SCEP Sterling Capital Hedged Equity Premium Income ETF | 3.29% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCEP and HEQT have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HEQT is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEQT is cheaper with a 0.43% expense ratio, compared with 0.65% for SCEP.
SCEP has the higher dividend yield at 3.29%, compared with 1.21% for HEQT.
They also come from different issuers: Sterling Capital and Simplify. Their fees differ too: 0.65% for SCEP and 0.43% for HEQT.
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