SURI vs. HEQT
Compare and contrast key facts about Simplify Propel Opportunities ETF (SURI) and Simplify Hedged Equity ETF (HEQT).
SURI and HEQT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SURI is an actively managed fund by Simplify. It was launched on Feb 7, 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: SURI or HEQT.
Key characteristics
| SURI | HEQT | |
|---|---|---|
| YTD Return | 37.64% | 18.82% |
| 1Y Return | 62.71% | 26.58% |
| Sharpe Ratio | 2.02 | 3.45 |
| Sortino Ratio | 2.83 | 5.01 |
| Omega Ratio | 1.33 | 1.73 |
| Calmar Ratio | 3.02 | 5.13 |
| Martin Ratio | 8.16 | 27.34 |
| Ulcer Index | 7.05% | 0.95% |
| Daily Std Dev | 28.42% | 7.50% |
| Max Drawdown | -19.43% | -11.51% |
| Current Drawdown | -3.71% | 0.00% |
Correlation
The correlation between SURI and HEQT is 0.37, 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.
Performance
SURI vs. HEQT - Performance Comparison
In the year-to-date period, SURI achieves a 37.64% return, which is significantly higher than HEQT's 18.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
SURI vs. HEQT - Dividend Comparison
SURI's dividend yield for the trailing twelve months is around 12.92%, more than HEQT's 3.63% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SURI Simplify Propel Opportunities ETF | 12.92% | 14.71% | 0.00% | 0.00% |
HEQT Simplify Hedged Equity ETF | 3.63% | 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.
Volatility
SURI vs. HEQT - Volatility Comparison
Simplify Propel Opportunities ETF (SURI) has a higher volatility of 8.75% compared to Simplify Hedged Equity ETF (HEQT) at 2.28%. 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.