Simplify Hedged Equity ETF
$34.52−0.17 (−0.49%)
History starts Nov 2, 2021.
- Expense ratio
- 0.53%
- Fund size
- $309M
- 1Y return
- +12.3%
- Yield · Last 12 months
- 1.15%
- Holdings
- 11
- Volume · 30D
- 0.1M sh
- NAV per share
- $34.62
- 52W range
The ETF.net HEQT Grade
Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 60Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 68Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 55Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 38Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 59Category rank
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
- 11
- 101%
- IVV
Sectors
Geography
HEQT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
HEQT$11,234
Returns run to the Sep 22, 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 | +8.9% |
| 1 month | +1.1% |
| 3 months | +4.0% |
| 1 year | +12.3% |
| 3 years | +14.7% |
| 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 | +8.9% | |
| 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
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.10 |
| Mar 26, 2026 | Mar 31, 2026 | $0.10 |
| Dec 23, 2025 | Dec 31, 2025 | $0.10 |
| Sep 25, 2025 | Sep 30, 2025 | $0.10 |
| Jun 25, 2025 | Jun 30, 2025 | $0.10 |
| Mar 26, 2025 | Mar 31, 2025 | $0.08 |
| Dec 23, 2024 | Dec 31, 2024 | $0.10 |
| Sep 25, 2024 | Sep 30, 2024 | $0.08 |
| Jun 25, 2024 | Jul 1, 2024 | $0.10 |
| Mar 25, 2024 | Mar 28, 2024 | $0.10 |
| Dec 26, 2023 | Dec 29, 2023 | $0.80 |
| Sep 27, 2023 | Sep 29, 2023 | $0.08 |
HEQT Risk
- 7.4%
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.
- 1.14
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.