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HEQT vs SPBC

Simplify Hedged Equity ETF vs Simplify US Equity PLUS Bitcoin Strategy ETF

HEQT

Simplify Hedged Equity ETF

Simplify Asset Management

Annual cost

0.43%

Fund size

$321M

SPBC

Simplify US Equity PLUS Bitcoin Strategy ETF

Simplify Asset Management

Annual cost

0.54%

Fund size

$43M

Key differences

  • HEQT costs 0.11% less per year.
  • HEQT is significantly larger than SPBC — larger funds tend to be more liquid and less likely to close.
  • HEQT follows a option income strategy; SPBC uses multi strategy.
  • Over the last 3 years, SPBC has delivered higher annualized returns.

Side-by-side comparison

HEQTSPBC
Annual cost (TER)0.43%0.54%
Fund size (AUM)$321M$43M
Since20212021
Dividend yield1.21%0.86%
Asset classalternativealternative
Regionnorth americanorth america
Strategyoption incomemulti strategy
CAGR 1Y+15.3%+24.7%
CAGR 3Y+13.9%+29.4%
CAGR 5YN/AN/A
Sharpe 3Y1.241.36
Volatility 1Y6.50%14.59%
Max drawdown-11.51%-33.81%

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

Similar to HEQT and SPBC