ZALT vs. HEQT
Compare and contrast key facts about Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) and Simplify Hedged Equity ETF (HEQT).
ZALT and HEQT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZALT is an actively managed fund by Innovator. It was launched on Sep 29, 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: ZALT or HEQT.
Performance
ZALT vs. HEQT - Performance Comparison
Returns By Period
In the year-to-date period, ZALT achieves a 12.07% return, which is significantly lower than HEQT's 19.05% return.
ZALT
12.07%
1.29%
7.70%
13.29%
N/A
N/A
HEQT
19.05%
2.24%
10.32%
22.56%
N/A
N/A
Key characteristics
| ZALT | HEQT | |
|---|---|---|
| Sharpe Ratio | 2.97 | 3.09 |
| Sortino Ratio | 4.11 | 4.38 |
| Omega Ratio | 1.68 | 1.64 |
| Calmar Ratio | 4.05 | 4.47 |
| Martin Ratio | 24.28 | 23.73 |
| Ulcer Index | 0.55% | 0.95% |
| Daily Std Dev | 4.48% | 7.31% |
| Max Drawdown | -3.28% | -11.51% |
| Current Drawdown | -0.13% | 0.00% |
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ZALT vs. HEQT - Expense Ratio Comparison
ZALT has a 0.69% expense ratio, which is higher than HEQT's 0.53% expense ratio.
Correlation
The correlation between ZALT and HEQT is 0.80, 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
ZALT vs. HEQT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) 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
ZALT vs. HEQT - Dividend Comparison
ZALT has not paid dividends to shareholders, while HEQT's dividend yield for the trailing twelve months is around 3.62%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
ZALT Innovator U.S. Equity 10 Buffer ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% |
HEQT Simplify Hedged Equity ETF | 3.62% | 4.11% | 3.93% | 0.27% |
Drawdowns
ZALT vs. HEQT - Drawdown Comparison
The maximum ZALT drawdown since its inception was -3.28%, smaller than the maximum HEQT drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for ZALT and HEQT. For additional features, visit the drawdowns tool.
Volatility
ZALT vs. HEQT - Volatility Comparison
The current volatility for Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) is 1.40%, while Simplify Hedged Equity ETF (HEQT) has a volatility of 2.37%. This indicates that ZALT 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.