TRTY vs. HEQT
Compare and contrast key facts about Cambria Trinity ETF (TRTY) and Simplify Hedged Equity ETF (HEQT).
TRTY and HEQT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRTY is a passively managed fund by Cambria that tracks the performance of the Cambria Trinity Index. It was launched on Sep 10, 2018. 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: TRTY or HEQT.
Key characteristics
| TRTY | HEQT | |
|---|---|---|
| YTD Return | 7.48% | 18.82% |
| 1Y Return | 13.61% | 26.58% |
| 3Y Return (Ann) | 1.98% | 8.89% |
| Sharpe Ratio | 1.47 | 3.45 |
| Sortino Ratio | 2.06 | 5.01 |
| Omega Ratio | 1.26 | 1.73 |
| Calmar Ratio | 1.36 | 5.13 |
| Martin Ratio | 8.14 | 27.34 |
| Ulcer Index | 1.64% | 0.95% |
| Daily Std Dev | 9.09% | 7.50% |
| Max Drawdown | -22.33% | -11.51% |
| Current Drawdown | -0.34% | 0.00% |
Correlation
The correlation between TRTY and HEQT is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TRTY vs. HEQT - Performance Comparison
In the year-to-date period, TRTY achieves a 7.48% return, which is significantly lower 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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TRTY vs. HEQT - Expense Ratio Comparison
TRTY has a 0.44% expense ratio, which is lower than HEQT's 0.53% expense ratio.
Risk-Adjusted Performance
TRTY vs. HEQT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Trinity ETF (TRTY) 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
TRTY vs. HEQT - Dividend Comparison
TRTY's dividend yield for the trailing twelve months is around 4.28%, more than HEQT's 3.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TRTY Cambria Trinity ETF | 4.28% | 3.24% | 5.17% | 4.52% | 1.99% | 2.64% | 1.07% |
HEQT Simplify Hedged Equity ETF | 3.63% | 4.11% | 3.93% | 0.27% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRTY vs. HEQT - Drawdown Comparison
The maximum TRTY drawdown since its inception was -22.33%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for TRTY and HEQT. For additional features, visit the drawdowns tool.
Volatility
TRTY vs. HEQT - Volatility Comparison
Cambria Trinity ETF (TRTY) has a higher volatility of 3.09% compared to Simplify Hedged Equity ETF (HEQT) at 2.28%. This indicates that TRTY'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.