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HEQT vs FNDX

Simplify Hedged Equity ETF vs Schwab Fundamental U.S. Large Company ETF

HEQT

Simplify Hedged Equity ETF

Simplify Asset Management

Annual cost

0.43%

Fund size

$321M

FNDX

Schwab Fundamental U.S. Large Company ETF

Schwab ETFs

Annual cost

0.25%

Fund size

$25.9B

Key differences

  • FNDX costs 0.18% less per year.
  • FNDX is significantly larger than HEQT — larger funds tend to be more liquid and less likely to close.
  • HEQT is classified as alternative, while FNDX is equity — different risk/return profiles.
  • HEQT follows a option income strategy; FNDX uses index tracking.
  • Over the last 3 years, FNDX has delivered higher annualized returns.
  • FNDX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HEQTFNDX
Annual cost (TER)0.43%0.25%
Fund size (AUM)$321M$25.9B
Since20212013
Dividend yield1.21%1.50%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+15.3%+33.4%
CAGR 3Y+13.9%+21.2%
CAGR 5YN/A+13.0%
Sharpe 3Y1.241.27
Volatility 1Y6.50%10.39%
Max drawdown-11.51%-37.72%

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

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