HEQTvsSPYIETF Comparison
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Simplify Hedged Equity ETF (HEQT) and NEOS S&P 500 High Income ETF (SPYI) belong to the same industry segment: Options Strategies. HEQT is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.68% for SPYI. HEQT is up 8.56% year-to-date (YTD) with -$38M in YTD flows. SPYI performs better with 11.56% YTD performance, and +$5.64B in YTD flows. Run a side-by-side ETF comparison of HEQT and SPYI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HEQT vs SPYI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEQT SPYI | +0.29%+0.31% | +3.34%+4.32% | +8.56%+11.56% | +9.55%+12.86% | +54.77%+68.25% | n/an/a |
| Flows | HEQT SPYI | -$4M+$409M | +$9M+$1.68B | -$38M+$5.64B | -$14M+$6.63B | +$125M+$11.89B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEQT SPYI | +7.15%+8.80% | +6.99%+10.73% | +7.65%+12.50% | n/an/a |
| Max drawdown | HEQT SPYI | -1.82%-1.84% | -5.27%-7.69% | -10.18%-16.58% | n/an/a |
| Max drawdown duration | HEQT SPYI | 36d15d | 49d48d | 149d125d | n/an/a |
Trading data
HEQT | SPYI | |
Last sale 10/27/2026 at 1:30 PM | $34.60 | $53.24 |
| Previous close 10/26/2026 | $34.46 | $53.00 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
HEQT | SPYI | |
|---|---|---|
| Last price | $34.60 | $53.24 |
| 1D performance | +0.41% | +0.45% |
| AuM | $315.18 M | $12.62 B |
| E/R | 0.2% | 0.68% |
Characteristics
HEQT | SPYI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Simplify | NEOS Investment Management |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 2, 2021 | August 30, 2022 |
| ESG | No | No |
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Exposure
Countries
HEQT
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SPYI
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Sectors
HEQT
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SPYI
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Diversification
HEQT
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SPYI
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Top 15 holdings
Data as of January 1, 1970
HEQT
Data will be available soon
SPYI
Data will be available soon
Frequently asked questions about HEQT and SPYI
How have the HEQT and SPYI ETFs performed in 2026?
As of October 26, 2026, HEQT is up 8.56% year-to-date (YTD), while SPYI has returned 11.56%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: HEQT or SPYI?
Year-to-date, the HEQT ETF saw -$38M in flows, compared to +$5.64B for SPYI.
Which ETF is more volatile: HEQT or SPYI?
Over the past year, HEQT had a volatility of 6.99%, while SPYI experienced 10.73%.
Which ETF is bigger: HEQT or SPYI?
As of October 26, 2026, HEQT holds $315.18 M in assets under management (AUM), while SPYI manages $12.62 B.
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