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HEQT vs IWL

Simplify Hedged Equity ETF vs iShares Russell Top 200 ETF

HEQT

Simplify Hedged Equity ETF

Simplify Asset Management

Annual cost

0.43%

Fund size

$321M

IWL

iShares Russell Top 200 ETF

iShares

Annual cost

0.15%

Fund size

$2.1B

Key differences

  • IWL costs 0.28% less per year.
  • IWL is significantly larger than HEQT — larger funds tend to be more liquid and less likely to close.
  • HEQT is classified as alternative, while IWL is equity — different risk/return profiles.
  • HEQT follows a option income strategy; IWL uses index tracking.
  • Over the last 3 years, IWL has delivered higher annualized returns.
  • IWL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HEQTIWL
Annual cost (TER)0.43%0.15%
Fund size (AUM)$321M$2.1B
Since20212009
Dividend yield1.21%0.86%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+16.1%+31.7%
CAGR 3Y+13.8%+24.3%
CAGR 5YN/A+15.1%
Sharpe 3Y1.231.28
Volatility 1Y6.47%12.32%
Max drawdown-11.51%-32.71%

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

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