Correlation
The correlation between SFLR and HEQT is 0.93, 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.
SFLR vs. HEQT
Compare and contrast key facts about Innovator Equity Managed Floor ETF (SFLR) and Simplify Hedged Equity ETF (HEQT).
SFLR and HEQT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SFLR is an actively managed fund by Innovator. It was launched on Nov 8, 2022. 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: SFLR or HEQT.
Performance
SFLR vs. HEQT - Performance Comparison
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Key characteristics
SFLR:
0.69
HEQT:
1.02
SFLR:
0.92
HEQT:
1.38
SFLR:
1.13
HEQT:
1.19
SFLR:
0.62
HEQT:
0.93
SFLR:
1.91
HEQT:
3.17
SFLR:
3.92%
HEQT:
3.11%
SFLR:
11.95%
HEQT:
10.28%
SFLR:
-12.13%
HEQT:
-11.51%
SFLR:
-4.49%
HEQT:
-3.21%
Returns By Period
In the year-to-date period, SFLR achieves a -0.80% return, which is significantly lower than HEQT's 0.21% return.
SFLR
-0.80%
2.93%
-2.37%
8.18%
N/A
N/A
N/A
HEQT
0.21%
2.94%
-0.82%
10.36%
11.49%
N/A
N/A
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SFLR vs. HEQT - Expense Ratio Comparison
SFLR has a 0.89% expense ratio, which is higher than HEQT's 0.53% expense ratio.
Risk-Adjusted Performance
SFLR vs. HEQT — Risk-Adjusted Performance Rank
SFLR
HEQT
SFLR vs. HEQT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed Floor ETF (SFLR) 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
SFLR vs. HEQT - Dividend Comparison
SFLR's dividend yield for the trailing twelve months is around 0.42%, less than HEQT's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
SFLR Innovator Equity Managed Floor ETF | 0.42% | 0.42% | 1.17% | 0.06% | 0.00% |
HEQT Simplify Hedged Equity ETF | 1.22% | 1.29% | 4.10% | 3.94% | 0.27% |
Drawdowns
SFLR vs. HEQT - Drawdown Comparison
The maximum SFLR drawdown since its inception was -12.13%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for SFLR and HEQT.
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Volatility
SFLR vs. HEQT - Volatility Comparison
Innovator Equity Managed Floor ETF (SFLR) has a higher volatility of 2.46% compared to Simplify Hedged Equity ETF (HEQT) at 2.10%. This indicates that SFLR'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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