Simplify Hedged Equity ETF
$34.83−0.01 (−0.03%)
- 0.53%
- $325M
- +13.8%
- 1.15%
- 0.1M sh
- $34.80
- low $30.72high $34.84
The ETF.net HEQT Grade
B
Score 58 out of 100
- 25 of 52
Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B61 out of 100Rank 20 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A74 out of 100Rank 7 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 25 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D38 out of 100Rank 33 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 22 of 52
Our read on HEQT
BMost S&P 500 options funds sell calls to pump out income. HEQT flips the priority: a put/spread collar aimed at softening drawdowns and volatility, with long-term appreciation as the stated goal. Distributions land quarterly.
The fund seeks long-term capital appreciation through primarily U.S. large-cap equity exposure, while using a put/spread collar option overlay intended to reduce downside risk and volatility.
Why people hold it
- Hedge-first, not yield-first: the option overlay exists to reduce downside risk and volatility rather than maximize payouts.simplify.us
- Fee of 0.53% a year undercuts the median in its 51-fund S&P 500 options cohort, unusual for a strategy this hands-on.
- Lands in the upper half of that crowded cohort, with risk control the strongest part of the build.
- The reference point is the S&P 500 itself, so what sits under the options is familiar US large-cap equity.simplify.us
Worth knowing
- A collar cuts both ways: the calls sold to help pay for the puts also trim participation in a strong rally.simplify.us
- Cheaper options-on-the-S&P builds exist in the same lane, including IVVW at 0.25% and PBP at 0.29%, though neither runs this collar.
- Trading is moderate rather than heavy, so spreads can run wider than the category's busiest names.
HEQT Holdings
- Stocks
- 5
- 101%
- IVV
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
Geography
- United States100.00%
HEQT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
HEQT$11,384
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HEQT |
|---|---|
| Year to date | +9.7% |
| 1 month | +1.8% |
| 3 months | +3.5% |
| 1 year | +13.8% |
| 3 years | +14.9% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HEQT |
|---|---|---|
| 2026 YTD | +9.7% | |
| 2025 | +10.1% | |
| 2024 | +18.3% | |
| 2023 | +16.6% | |
| 2022 | −8.2% | |
| 2021 | +2.1% |
HEQT in the news
HEQT Dividends
- 1.15%
- $0.40
- $0.10 per share
- Quarterly
Distribution history
HEQT Risk
- 7.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.35
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −11.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.56
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HEQT Cost
0.53%
HEQT0.53%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
18 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- BSPUCSimplify US Equity Income ETFExpense ratio 0.53%1 year return +17.1%
- BTSPYTappAlpha SPY Growth & Daily Income ETFExpense ratio 0.71%1 year return +18.6%
- BOVLOverlay Shares Large Cap Equity ETFExpense ratio 0.79%1 year return +24.2%
- BXRMIGlobal X - S&P 500 Risk Managed Income ETFExpense ratio 0.60%1 year return +11.5%
- BHEMIHartford Equity Premium Income ETFExpense ratio 0.58%1 year return —