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SURI vs. HEQT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SURI vs. HEQT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Propel Opportunities ETF (SURI) and Simplify Hedged Equity ETF (HEQT). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
8.94%
9.93%
SURI
HEQT

Returns By Period

In the year-to-date period, SURI achieves a 24.57% return, which is significantly higher than HEQT's 18.42% return.


SURI

YTD

24.57%

1M

-2.76%

6M

8.94%

1Y

42.14%

5Y (annualized)

N/A

10Y (annualized)

N/A

HEQT

YTD

18.42%

1M

1.15%

6M

9.92%

1Y

21.96%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


SURIHEQT
Sharpe Ratio1.383.05
Sortino Ratio2.044.34
Omega Ratio1.241.63
Calmar Ratio2.374.42
Martin Ratio5.3823.46
Ulcer Index7.40%0.95%
Daily Std Dev28.79%7.30%
Max Drawdown-19.43%-11.51%
Current Drawdown-12.85%-0.40%

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SURI vs. HEQT - Expense Ratio Comparison

SURI has a 2.51% expense ratio, which is higher than HEQT's 0.53% expense ratio.


SURI
Simplify Propel Opportunities ETF
Expense ratio chart for SURI: current value at 2.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%2.51%
Expense ratio chart for HEQT: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%

Correlation

-0.50.00.51.00.4

The correlation between SURI and HEQT is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

SURI vs. HEQT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) 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.


Sharpe ratio
The chart of Sharpe ratio for SURI, currently valued at 1.38, compared to the broader market0.002.004.001.383.05
The chart of Sortino ratio for SURI, currently valued at 2.04, compared to the broader market-2.000.002.004.006.008.0010.0012.002.044.34
The chart of Omega ratio for SURI, currently valued at 1.24, compared to the broader market0.501.001.502.002.503.001.241.63
The chart of Calmar ratio for SURI, currently valued at 2.37, compared to the broader market0.005.0010.0015.002.374.42
The chart of Martin ratio for SURI, currently valued at 5.38, compared to the broader market0.0020.0040.0060.0080.00100.005.3823.46
SURI
HEQT

The current SURI Sharpe Ratio is 1.38, which is lower than the HEQT Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of SURI and HEQT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.38
3.05
SURI
HEQT

Dividends

SURI vs. HEQT - Dividend Comparison

SURI's dividend yield for the trailing twelve months is around 14.28%, more than HEQT's 3.64% yield.


TTM202320222021
SURI
Simplify Propel Opportunities ETF
14.28%14.71%0.00%0.00%
HEQT
Simplify Hedged Equity ETF
3.64%4.11%3.93%0.27%

Drawdowns

SURI vs. HEQT - Drawdown Comparison

The maximum SURI drawdown since its inception was -19.43%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for SURI and HEQT. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-12.85%
-0.40%
SURI
HEQT

Volatility

SURI vs. HEQT - Volatility Comparison

Simplify Propel Opportunities ETF (SURI) has a higher volatility of 11.22% compared to Simplify Hedged Equity ETF (HEQT) at 2.45%. This indicates that SURI'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.


2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
11.22%
2.45%
SURI
HEQT