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SCHK vs HEQT

Schwab 1000 ETF vs Simplify Hedged Equity ETF

SCHK

Schwab 1000 ETF

Schwab ETFs

Annual cost

0.03%

Fund size

$5.3B

HEQT

Simplify Hedged Equity ETF

Simplify Asset Management

Annual cost

0.43%

Fund size

$321M

Key differences

  • SCHK costs 0.40% less per year.
  • SCHK is significantly larger than HEQT — larger funds tend to be more liquid and less likely to close.
  • SCHK is classified as equity, while HEQT is alternative — different risk/return profiles.
  • SCHK follows a index tracking strategy; HEQT uses option income.
  • Over the last 3 years, SCHK has delivered higher annualized returns.

Side-by-side comparison

SCHKHEQT
Annual cost (TER)0.03%0.43%
Fund size (AUM)$5.3B$321M
Since20172021
Dividend yield1.06%1.21%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+29.0%+15.3%
CAGR 3Y+23.1%+13.9%
CAGR 5Y+13.3%N/A
Sharpe 3Y1.221.24
Volatility 1Y12.30%6.50%
Max drawdown-34.80%-11.51%

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

Similar to SCHK and HEQT