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AMAX vs HEQT

Adaptive Hedged Multi-Asset Income ETF vs Simplify Hedged Equity ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

HEQT

Simplify Hedged Equity ETF

Simplify Asset Management

Annual cost

0.43%

Fund size

$321M

Key differences

  • HEQT costs 0.93% less per year.
  • HEQT is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, HEQT has delivered higher annualized returns.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXHEQT
Annual cost (TER)1.36%0.43%
Fund size (AUM)$60M$321M
Since20092021
Dividend yield10.63%1.21%
Asset classalternativealternative
Regionnorth america
Strategyoption incomeoption income
CAGR 1Y+11.8%+15.3%
CAGR 3Y+9.4%+13.9%
CAGR 5YN/AN/A
Sharpe 3Y0.591.24
Volatility 1Y9.98%6.50%
Max drawdown-16.25%-11.51%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to AMAX and HEQT