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ETFs

Simplify Hedged Equity ETF

HEQT
$--
Today’s Change
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Snapshot
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Inception Date
Nov 01 2021
Expense Ratio
0.53%
Type
US Equities
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$1,389,579
AUM
$95,865,023
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
99.50%
n/a
SPX US 05/19/23 P3915 Index
0.92%
n/a
SPX US 06/16/23 P3760 Index
0.74%
n/a
Cash
0.50%
n/a
SPX US 04/21/23 P3720 Index
0.25%
n/a
SPX US 04/21/23 P3125 Index
-0.02%
n/a
SPX US 05/19/23 C4300 Index
-0.10%
n/a
SPX US 05/19/23 P3290 Index
-0.11%
n/a
SPX US 06/16/23 P3150 Index
-0.14%
n/a
SPX US 04/21/23 C4120 Index
-0.17%
Invest with HEQT

What is HEQT?

The Simplify Hedged Equity ETF seeks to provide capital appreciation by fully investing in an S&P 500 ETF and simultaneously investing in a series of put-spread collars designed to help reduce volatility.

ETFs related toHEQT

ETFs correlated to HEQT include CVLC, FJUN, GFEB

HEQT
Simplify Exchange Traded Funds - Simplify Hedged Equity ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
FJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - June
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
PJUL
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - July
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September
STRV
EA Series Trust - Strive 500 ETF
BJUL
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - July
FDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - December
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
FAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - August

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

HEQT is a US Equities ETF. The Simplify Hedged Equity ETF seeks to provide capital appreciation by fully investing in an S&P 500 ETF and simultaneously investing in a series of put-spread collars designed to help reduce volatility.

HEQT tracks the SPDR S&P 500 ETF Trust.

No, HEQT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HEQT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HEQT is -0.003%. This is the percent change in the value of HEQT over the most recent 1-month period. The 3-month return on HEQT is 0.0286%. This is the percent change in the value of HEQT over the most recent 3-month period.

The standard deviation of HEQT for the past year is 0.1059%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HEQT include FMAY, BUFD, and DAUG.

ETFs correlated to HEQT include CVLC, FJUN, and GFEB.

ETFs that are inversely correlated to HEQT include SPDN, SH, and SDS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.