HEQT vs SPY
Simplify Hedged Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HEQT or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HEQT | SPY |
|---|---|---|
| Expense Ratio | 0.43% | 0.09%Best |
| AUM | $301M | $804.7B |
| Dividend Yield | 1.16% | 0.98% |
| Holdings | 11 | 505 |
| YTD Return | +7.83% | +12.47%Best |
| 1Y Return | +11.94% | +17.51%Best |
| 3Y Return (annualized) | +13.60% | +21.18%Best |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 7.9%Best | 15.7% |
| Max Drawdown | -11.5%Best | -24.5% |
| $10,000 over 4.9 years | $15,399 | $17,740Best |
| Fund Family | Simplify Exchange Traded Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 1, 2021 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.9 years row, are measured over the window both funds cover: Nov 2, 2021 to Sep 11, 2026 (4.9 years).
HEQT vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.9 years both funds cover.
HEQT vs SPY Performance
Simplify Hedged Equity ETF (HEQT) is an ETF from Simplify Exchange Traded Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HEQT returned +11.94% while SPY returned +17.51%. Year to date, HEQT is up 7.83% versus a gain of 12.47% for SPY.
Over three years, HEQT compounded at +13.60% per year against +21.18% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 SPY charges 0.09%. On a $10,000 position that is $43 vs $9 annually, a gap of $34 per year that compounds over a long holding period. On income, HEQT currently yields 1.16% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in HEQT and 504 in SPY, totalling 100.9% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in HEQT and 504 in SPY, against full books of 11 and 505.
You are not choosing between two funds in isolation.
Whichever of HEQT and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HEQT or SPY?
HEQT has an expense ratio of 0.43% while SPY charges 0.09%. SPY is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, HEQT or SPY?
Over the past year HEQT returned +11.94% vs +17.51% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEQT or SPY?
SPY has been the more volatile fund at 15.7% annualized versus 7.9% for HEQT. Worst drawdown: HEQT -11.5% vs SPY -24.5%.
Should I hold both HEQT and SPY?
HEQT and SPY have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, HEQT or SPY?
HEQT yields 1.16% while SPY yields 0.98%, so HEQT currently pays the higher dividend yield.
Is SPY better than HEQT?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.