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HEQT vs AMAX

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

HEQT

Simplify Hedged Equity ETF

Simplify Asset Management

Annual cost

0.43%

Fund size

$321M

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

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

HEQTAMAX
Annual cost (TER)0.43%1.36%
Fund size (AUM)$321M$60M
Since20212009
Dividend yield1.21%10.63%
Asset classalternativealternative
Regionnorth america
Strategyoption incomeoption income
CAGR 1Y+15.3%+11.8%
CAGR 3Y+13.9%+9.4%
CAGR 5YN/AN/A
Sharpe 3Y1.240.59
Volatility 1Y6.50%9.98%
Max drawdown-11.51%-16.25%

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

Similar to HEQT and AMAX