HEQT
Simplify Hedged Equity ETF
HEQT seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
308.4 M
ASSETS UNDER MGMT
53 bp
EXPENSES
Fund Basics
| Fund sponsor | |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Nov 01, 2021 |
| Assets (mns) | $301 |
| Expense ratio | 53 bp |
Fund Structure
| Regulation | |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.3% | 9.1% | 9.9% | 8.4% | -- | -- | -- | 5.4% |
| Dividend Yield | 0.6% | 1.3% | 3.0% | 3.5% | -- | -- | -- | 2.9% |
| Total Returns | 3.9% | 10.4% | 12.9% | 11.9% | -- | -- | -- | 8.3% | Ann. Volatility | 10.5% | 10.0% | 8.5% | 8.6% | -- | -- | -- | 8.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 91% |
| MSCI EAFE | 0.19 | 11% |
| MSCI Emg Mkts | 0.09 | 1% |
Liquidity Measures
| Avg. volume (000) | 72 |
| ADV traded (mns) | $2 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| Recent close | $30.84 |
| 30d moving avg. | $30.48 |
| Annualized volatility | 7.5% |
| Relative strength (RSI) | 67 |
| Short interest | 0.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| HEQT (53 bp) Percentile rank | 4 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HEQT | 53.0 | 4.8 | 57.8 |
| Peer Avg. | 96.3 | 31.6 | 127.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .