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HEQT vs SCHV

Simplify Hedged Equity ETF vs Schwab U.S. Large-Cap Value ETF

HEQT

Simplify Hedged Equity ETF

Simplify Asset Management

Annual cost

0.43%

Fund size

$321M

SCHV

Schwab U.S. Large-Cap Value ETF

Schwab ETFs

Annual cost

0.04%

Fund size

$15.2B

Key differences

  • SCHV costs 0.39% less per year.
  • SCHV is significantly larger than HEQT — larger funds tend to be more liquid and less likely to close.
  • HEQT is classified as alternative, while SCHV is equity — different risk/return profiles.
  • HEQT follows a option income strategy; SCHV uses index tracking.
  • Over the last 3 years, SCHV has delivered higher annualized returns.
  • SCHV has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HEQTSCHV
Annual cost (TER)0.43%0.04%
Fund size (AUM)$321M$15.2B
Since20212009
Dividend yield1.21%1.85%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+15.3%+28.0%
CAGR 3Y+13.9%+18.2%
CAGR 5YN/A+10.2%
Sharpe 3Y1.241.10
Volatility 1Y6.50%10.69%
Max drawdown-11.51%-37.08%

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

Similar to HEQT and SCHV