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HEQT vs VO

Simplify Hedged Equity ETF vs Vanguard Mid-Cap Index Fund ETF Shares

HEQT

Simplify Hedged Equity ETF

Simplify Asset Management

Annual cost

0.43%

Fund size

$321M

VO

Vanguard Mid-Cap Index Fund ETF Shares

Vanguard

Annual cost

0.03%

Fund size

$213.8B

Key differences

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

Side-by-side comparison

HEQTVO
Annual cost (TER)0.43%0.03%
Fund size (AUM)$321M$213.8B
Since20212004
Dividend yield1.21%1.40%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+16.1%+19.4%
CAGR 3Y+13.8%+16.6%
CAGR 5YN/A+8.3%
Sharpe 3Y1.230.88
Volatility 1Y6.47%12.43%
Max drawdown-11.51%-39.37%

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

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