TJUL vs. HEQT
Compare and contrast key facts about Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) and Simplify Hedged Equity ETF (HEQT).
TJUL and HEQT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TJUL is an actively managed fund by Innovator. It was launched on Jul 17, 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: TJUL or HEQT.
Performance
TJUL vs. HEQT - Performance Comparison
Returns By Period
In the year-to-date period, TJUL achieves a 7.88% return, which is significantly lower than HEQT's 19.05% return.
TJUL
7.88%
0.78%
4.46%
10.46%
N/A
N/A
HEQT
19.05%
2.24%
10.32%
22.56%
N/A
N/A
Key characteristics
| TJUL | HEQT | |
|---|---|---|
| Sharpe Ratio | 3.18 | 3.09 |
| Sortino Ratio | 4.58 | 4.38 |
| Omega Ratio | 1.67 | 1.64 |
| Calmar Ratio | 6.58 | 4.47 |
| Martin Ratio | 28.79 | 23.73 |
| Ulcer Index | 0.36% | 0.95% |
| Daily Std Dev | 3.29% | 7.31% |
| Max Drawdown | -3.09% | -11.51% |
| Current Drawdown | 0.00% | 0.00% |
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TJUL vs. HEQT - Expense Ratio Comparison
TJUL has a 0.79% expense ratio, which is higher than HEQT's 0.53% expense ratio.
Correlation
The correlation between TJUL and HEQT is 0.78, 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.
Risk-Adjusted Performance
TJUL vs. HEQT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) 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
TJUL vs. HEQT - Dividend Comparison
TJUL has not paid dividends to shareholders, while HEQT's dividend yield for the trailing twelve months is around 3.62%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
TJUL Innovator Equity Defined Protection ETF – 2 Yr to July 2025 | 0.00% | 0.00% | 0.00% | 0.00% |
HEQT Simplify Hedged Equity ETF | 3.62% | 4.11% | 3.93% | 0.27% |
Drawdowns
TJUL vs. HEQT - Drawdown Comparison
The maximum TJUL drawdown since its inception was -3.09%, smaller than the maximum HEQT drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for TJUL and HEQT. For additional features, visit the drawdowns tool.
Volatility
TJUL vs. HEQT - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) is 0.75%, while Simplify Hedged Equity ETF (HEQT) has a volatility of 2.37%. This indicates that TJUL experiences smaller price fluctuations and is considered to be less risky than HEQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.