XCLR vs. HEQT
Compare and contrast key facts about Global X S&P 500 Collar 95-110 ETF (XCLR) and Simplify Hedged Equity ETF (HEQT).
XCLR and HEQT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCLR is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 3-Month Collar 95-110 Index. It was launched on Aug 25, 2021. 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: XCLR or HEQT.
Key characteristics
| XCLR | HEQT | |
|---|---|---|
| YTD Return | 22.80% | 18.82% |
| 1Y Return | 33.71% | 26.58% |
| 3Y Return (Ann) | 7.54% | 8.89% |
| Sharpe Ratio | 3.41 | 3.45 |
| Sortino Ratio | 4.87 | 5.01 |
| Omega Ratio | 1.65 | 1.73 |
| Calmar Ratio | 0.77 | 5.13 |
| Martin Ratio | 21.73 | 27.34 |
| Ulcer Index | 1.51% | 0.95% |
| Daily Std Dev | 9.63% | 7.50% |
| Max Drawdown | -46.74% | -11.51% |
| Current Drawdown | -23.16% | 0.00% |
Correlation
The correlation between XCLR and HEQT is 0.92, 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.
Performance
XCLR vs. HEQT - Performance Comparison
In the year-to-date period, XCLR achieves a 22.80% 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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XCLR vs. HEQT - Expense Ratio Comparison
XCLR has a 0.60% expense ratio, which is higher than HEQT's 0.53% expense ratio.
Risk-Adjusted Performance
XCLR vs. HEQT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Collar 95-110 ETF (XCLR) 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
XCLR vs. HEQT - Dividend Comparison
XCLR's dividend yield for the trailing twelve months is around 1.07%, less than HEQT's 3.63% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
XCLR Global X S&P 500 Collar 95-110 ETF | 1.07% | 1.39% | 1.01% | 2.58% |
HEQT Simplify Hedged Equity ETF | 3.63% | 4.11% | 3.93% | 0.27% |
Drawdowns
XCLR vs. HEQT - Drawdown Comparison
The maximum XCLR drawdown since its inception was -46.74%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for XCLR and HEQT. For additional features, visit the drawdowns tool.
Volatility
XCLR vs. HEQT - Volatility Comparison
Global X S&P 500 Collar 95-110 ETF (XCLR) has a higher volatility of 3.17% compared to Simplify Hedged Equity ETF (HEQT) at 2.28%. This indicates that XCLR'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.