Simplify Hedged Equity ETF (HEQT) Performance
HEQT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.0% since Dec 31, 2025
- 1 year
- +10.1% total return
- 3 years
- +13.9% a year
- Since first price
- +7.2% a year since 2021
HEQT trailing returns vs SPY, QQQ, AGG
| Period | HEQT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.3% | −0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.8% | +2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.5% | +4.9% | +7.8% | +8.4% | −1.5% |
| YTD | +8.0% | +7.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.1% | +8.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +47.6%+13.9%/yr | +42.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionNov 2, 2021 | +41.5%+7.2%/yr | +36.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HEQT vs SPY
From Nov 2, 2021: HEQT grew to $14,154, SPY to $17,591.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HEQT returns by calendar year
3 of 4 full years positive. Best 2024 (+18.3%), worst 2022 (−11.7%). 2026 is year to date.
HEQT annual returns table
| Year | HEQT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.0% | −5.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +10.1% | −10.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.3% | −5.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.9% | −6.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.7% | −13.1% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HEQT largest drawdowns
Now 1.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 4, 2022 | −13.1% | Dec 28, 2022 | Dec 12, 2023 | 12 months | 1.9 years |
| Feb 19, 2025 | −10.6% | Apr 8, 2025 | Jul 22, 2025 | 48 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
HEQT risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | +13.4% | +7.6% |
| Volatility (annualized) | 7.1% | 8.3% |
| Sharpe ratio | 1.21 | 0.48 |
| Sortino ratio | 2.20 | 0.71 |
| Best month | +6.3% | +6.3% |
| Worst month | −4.2% | −5.6% |
| Best 12 months | +21.9% | +21.9% |
| Worst 12 months | +7.7% | −11.7% |
| Positive months | 75% | 66% |
| Beta vs S&P 500 | 0.52 | — |
| Correlation with S&P 500 | 0.91 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HEQT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 48 | −11.7% | +10.2% | +21.9% | 90% |
| 3-year (a year) | 24 | +5.3% | +11.2% | +14.1% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
HEQT performance overview
Simplify Hedged Equity ETF (HEQT) returned +10.1% over the past year, with distributions reinvested. Since its first recorded price in 2021 it has returned +7.2% a year, turning $10,000 into about $14,154. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −13.1%, from Jan 4, 2022 to Dec 28, 2022, and it took 11 months to get back to the old high. HEQT finished 3 of its 4 full calendar years with a gain; the best year was 2024 (+18.3%) and the worst 2022 (−11.7%). Volatility has been 8.3% a year.
Related: HEQT chart, HEQT dividends. See the HEQT overview for the latest quote and fund facts.
HEQT performance FAQ
What is the HEQT return over the past year?
HEQT returned +10.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.8%.
How much would $10,000 invested in HEQT be worth?
$10,000 invested in HEQT at its first recorded close on November 2, 2021 would be worth about $14,154 on October 23, 2026 with distributions reinvested.
What was the worst year for HEQT?
The worst calendar year was 2022, with a total return of −11.7%. The best was 2024 at +18.3%.
What is the biggest drawdown of HEQT?
The largest peak-to-trough decline was −13.1% between January 4, 2022 and December 28, 2022. It recovered to the old high on December 12, 2023, 11 months after the bottom.
How volatile is HEQT?
Over the past 3 years HEQT had an annualized volatility of 7.1% and a Sharpe ratio of 1.21 (excess return over 1–3 month T-bills per unit of risk).