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HEQT vs SCHX

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

HEQT

Simplify Hedged Equity ETF

Simplify Asset Management

Annual cost

0.43%

Fund size

$321M

SCHX

Schwab U.S. Large-Cap ETF

Schwab ETFs

Annual cost

0.03%

Fund size

$68.2B

Key differences

  • SCHX costs 0.40% less per year.
  • SCHX is significantly larger than HEQT — larger funds tend to be more liquid and less likely to close.
  • HEQT is classified as alternative, while SCHX is equity — different risk/return profiles.
  • HEQT follows a option income strategy; SCHX uses index tracking.
  • Over the last 3 years, SCHX has delivered higher annualized returns.
  • SCHX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HEQTSCHX
Annual cost (TER)0.43%0.03%
Fund size (AUM)$321M$68.2B
Since20212009
Dividend yield1.21%1.06%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+15.3%+28.6%
CAGR 3Y+13.9%+23.2%
CAGR 5YN/A+13.4%
Sharpe 3Y1.241.23
Volatility 1Y6.50%12.16%
Max drawdown-11.51%-34.33%

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

Similar to HEQT and SCHX