XXV vs. HEQT

Last updated Jun 5, 2026

XXV (Simplify Ancorato Target 25 Distribution ETF) and HEQT (Simplify Hedged Equity ETF) are both exchange-traded funds - XXV is a Derivative Income fund actively managed by Simplify, while HEQT is a Options Trading fund actively managed by Simplify. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. XXV charges 0.85%/yr vs 0.53%/yr for HEQT.

Performance

XXV vs. HEQT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Ancorato Target 25 Distribution ETF (XXV) and Simplify Hedged Equity ETF (HEQT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XXV achieves a 5.44% return, which is significantly higher than HEQT's 4.92% return.

XXV

• 1D: 0.88%
• 1M: 5.15%
• YTD: 5.44%
• 6M: 6.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEQT

• 1D: -0.03%
• 1M: 1.33%
• YTD: 4.92%
• 6M: 5.48%
• 1Y: 14.78%
• 3Y*: 13.47%
• 5Y*: —
• 10Y*: —

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

XXV vs. HEQT - Yearly Performance Comparison

	2026 (YTD)	2025
XXV Simplify Ancorato Target 25 Distribution ETF	5.44%	4.10%
HEQT Simplify Hedged Equity ETF	4.92%	2.81%

Correlation

The correlation between XXV and HEQT is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.56

Return for Risk

XXV vs. HEQT — Risk / Return Rank

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

HEQT

HEQT Risk / Return Rank: 72
HEQT Sharpe Ratio Rank: 72
HEQT Sortino Ratio Rank: 75
HEQT Omega Ratio Rank: 82
HEQT Calmar Ratio Rank: 60
HEQT Martin Ratio Rank: 72

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.

XXV vs. HEQT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Ancorato Target 25 Distribution ETF (XXV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XXV	HEQT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	1.08	+0.44

Drawdowns

XXV vs. HEQT - Drawdown Comparison

The maximum XXV drawdown since its inception was -8.90%, smaller than the maximum HEQT drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for XXV and HEQT.

Drawdown Indicators

	XXV	HEQT	Difference
Max Drawdown Largest peak-to-trough decline	-8.90%	-11.51%	+2.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.57%	—
Current Drawdown Current decline from peak	-0.88%	-0.09%	-0.79%
Average Drawdown Average peak-to-trough decline	-2.09%	-2.79%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.11%	—

Volatility

Volatility by Period

	XXV	HEQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	6.38%	+6.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	8.47%	+4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.52%	8.47%	+4.05%

XXV vs. HEQT - Expense Ratio Comparison

XXV has a 0.85% expense ratio, which is higher than HEQT's 0.53% expense ratio.

Dividends

XXV vs. HEQT - Dividend Comparison

XXV's dividend yield for the trailing twelve months is around 12.73%, more than HEQT's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021
HEQT Simplify Hedged Equity ETF	1.19%	1.19%	1.29%	4.10%	3.94%	0.27%
XXV Simplify Ancorato Target 25 Distribution ETF	12.73%	2.36%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XXV and HEQT in my portfolio?

XXV and HEQT have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XXV or HEQT?

On fees, HEQT is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XXV or HEQT?

HEQT is cheaper with a 0.53% expense ratio, compared with 0.85% for XXV.

Which ETF pays a higher dividend yield, XXV or HEQT?

XXV has the higher dividend yield at 12.73%, compared with 1.19% for HEQT.

What is the main difference between XXV and HEQT?

XXV is categorized as Derivative Income, while HEQT is Options Trading. Their fees differ too: 0.85% for XXV and 0.53% for HEQT.