HEQT vs IVV
Simplify Hedged Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HEQT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.43% | 0.03% | |
| AUM | $305M | $907.0B | |
| Dividend Yield | 1.19% | 1.10% | |
| Holdings | 11 | 508 | |
| YTD Return | +7.70% | +12.71% | |
| 1Y Return | +13.73% | +21.89% | |
| 3Y Return (annualized) | +14.03% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 7.9% | 15.1% | |
| Max Drawdown | -11.5% | -56.5% | |
| Fund Family | Simplify Exchange Traded Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2021 | May 15, 2000 |
HEQT vs IVV Performance
Simplify Hedged Equity ETF (HEQT) is a ETF from Simplify Exchange Traded Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HEQT returned +13.73% while IVV returned +21.89%. Year to date, HEQT is up 7.70% versus a gain of 12.71% for IVV.
Over three years, HEQT compounded at +14.03% per year against +22.08% for IVV. Across the full 5-year window we track, HEQT has the edge at +9.30% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 7.9% for HEQT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -11.5% for HEQT and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HEQT charges 0.43% per year while IVV charges 0.03%. On a $10,000 position that is $43 vs $3 annually, a gap of $40 per year that compounds over a long holding period. On income, HEQT currently yields 1.19% against 1.10% for IVV.
Holdings Overlap
HEQT and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HEQT or IVV?
HEQT has an expense ratio of 0.43% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, HEQT or IVV?
Over the past year HEQT returned +13.73% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), HEQT annualized +9.30% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HEQT or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.9% for HEQT. Worst drawdown: HEQT -11.5% vs IVV -56.5%.
Should I hold both HEQT and IVV?
HEQT and IVV have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between HEQT and IVV?
HEQT and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, HEQT or IVV?
HEQT yields 1.19% while IVV yields 1.10%, so HEQT currently pays the higher dividend yield.
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