VCAR vs. HEQT

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify Volt RoboCar Disruption and Tech ETF (VCAR) and Simplify Hedged Equity ETF (HEQT).

VCAR and HEQT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCAR is an actively managed fund by Simplify. It was launched on Dec 28, 2020. HEQT is an actively managed fund by Simplify. It was launched on Nov 1, 2021.

Performance

VCAR vs. HEQT - Performance Comparison

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

VCAR vs. HEQT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VCAR Simplify Volt RoboCar Disruption and Tech ETF	-22.35%	-14.73%	152.27%	58.33%	-61.11%	-8.18%
HEQT Simplify Hedged Equity ETF	-1.40%	10.08%	18.30%	16.61%	-8.25%	2.16%

Returns By Period

In the year-to-date period, VCAR achieves a -22.35% return, which is significantly lower than HEQT's -1.40% return.

VCAR

• 1D: 4.57%
• 1M: -10.10%
• YTD: -22.35%
• 6M: -49.41%
• 1Y: -0.94%
• 3Y*: 25.43%
• 5Y*: 6.75%
• 10Y*: —

HEQT

• 1D: 2.01%
• 1M: -2.74%
• YTD: -1.40%
• 6M: 1.48%
• 1Y: 11.66%
• 3Y*: 12.53%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VCAR vs. HEQT - Expense Ratio Comparison

VCAR has a 0.95% expense ratio, which is higher than HEQT's 0.53% expense ratio.

VCAR

Simplify Volt RoboCar Disruption and Tech ETF

HEQT

Simplify Hedged Equity ETF

Return for Risk

VCAR vs. HEQT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VCAR

VCAR Risk / Return Rank: 14
VCAR Sharpe Ratio Rank: 12
VCAR Sortino Ratio Rank: 18
VCAR Omega Ratio Rank: 17
VCAR Calmar Ratio Rank: 11
VCAR Martin Ratio Rank: 11

HEQT

HEQT Risk / Return Rank: 82
HEQT Sharpe Ratio Rank: 78
HEQT Sortino Ratio Rank: 80
HEQT Omega Ratio Rank: 82
HEQT Calmar Ratio Rank: 84
HEQT Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VCAR vs. HEQT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volt RoboCar Disruption and Tech ETF (VCAR) 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.

	VCAR	HEQT	Difference
Sharpe ratio Return per unit of total volatility	-0.02	1.39	-1.40
Sortino ratio Return per unit of downside risk	0.45	2.00	-1.55
Omega ratio Gain probability vs. loss probability	1.05	1.31	-0.25
Calmar ratio Return relative to maximum drawdown	-0.05	2.30	-2.35
Martin ratio Return relative to average drawdown	-0.10	10.06	-10.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCAR vs. HEQT - Sharpe Ratio Comparison

The current VCAR Sharpe Ratio is -0.02, which is lower than the HEQT Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of VCAR 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.

Sharpe Ratios by Period

	VCAR	HEQT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	1.39	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.94	-0.84

Correlation

The correlation between VCAR and HEQT is 0.61, 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.

Dividends

VCAR vs. HEQT - Dividend Comparison

VCAR's dividend yield for the trailing twelve months is around 29.62%, more than HEQT's 1.27% yield.

	TTM	2025	2024	2023	2022	2021
VCAR Simplify Volt RoboCar Disruption and Tech ETF	29.62%	23.87%	0.62%	0.00%	0.83%	0.00%
HEQT Simplify Hedged Equity ETF	1.27%	1.19%	1.29%	4.10%	3.94%	0.27%

Drawdowns

VCAR vs. HEQT - Drawdown Comparison

The maximum VCAR drawdown since its inception was -69.11%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for VCAR and HEQT.

Drawdown Indicators

	VCAR	HEQT	Difference
Max Drawdown Largest peak-to-trough decline	-69.11%	-11.51%	-57.60%
Max Drawdown (1Y) Largest decline over 1 year	-53.92%	-5.22%	-48.70%
Max Drawdown (5Y) Largest decline over 5 years	-69.11%	—	—
Current Drawdown Current decline from peak	-51.82%	-3.19%	-48.63%
Average Drawdown Average peak-to-trough decline	-37.48%	-2.88%	-34.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.42%	1.20%	+24.22%

Volatility

VCAR vs. HEQT - Volatility Comparison

Simplify Volt RoboCar Disruption and Tech ETF (VCAR) has a higher volatility of 11.07% compared to Simplify Hedged Equity ETF (HEQT) at 3.54%. This indicates that VCAR'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.

Volatility by Period

	VCAR	HEQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.07%	3.54%	+7.53%
Volatility (6M) Calculated over the trailing 6-month period	39.16%	5.58%	+33.58%
Volatility (1Y) Calculated over the trailing 1-year period	62.56%	8.44%	+54.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.33%	8.57%	+40.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.22%	8.57%	+40.65%