HEQTvsSPYTETF Comparison
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Simplify Hedged Equity ETF (HEQT) and Defiance S&P 500 Target Income ETF (SPYT) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. HEQT is less expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.92% for SPYT. HEQT is up 5.21% year-to-date (YTD) with -$49M in YTD flows. SPYT performs better with 8.49% YTD performance, and +$23M in YTD flows. Run a side-by-side ETF comparison of HEQT and SPYT 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 SPYT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEQT SPYT | +0.38%+0.13% | +2.32%+3.73% | +5.21%+8.49% | +11.16%+15.00% | +42.29%n/a | n/an/a |
| Flows | HEQT SPYT | -$21M+$8M | -$31M+$9M | -$49M+$23M | -$41M+$52M | +$118M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEQT SPYT | +5.90%+12.05% | +6.54%+11.53% | +7.69%n/a | n/an/a |
| Max drawdown | HEQT SPYT | -1.67%-4.34% | -5.27%-7.87% | -10.18%n/a | n/an/a |
| Max drawdown duration | HEQT SPYT | 15d56d | 49d70d | 149dn/a | n/an/a |
Trading data
HEQT | SPYT | |
Last sale 7/29/2026 at 1:30 PM | $33.44 | $16.93 |
| Previous close 07/28/2026 | $33.52 | $17.19 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
HEQT | SPYT | |
|---|---|---|
| Last price | $33.44 | $16.93 |
| 1D performance | -0.24% | -1.51% |
| AuM | $295.46 M | $153.96 M |
| E/R | 0.53% | 0.92% |
Characteristics
HEQT | SPYT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Simplify | Defiance ETFs |
| Benchmark | - | - |
| N° of holdings | 497 | 497 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 2, 2021 | March 5, 2024 |
| ESG | No | No |
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Exposure
Countries
HEQT
USA
97.8%
Other
2.2%
SPYT
USA
97.09%
Other
2.91%
Sectors
HEQT
Technology
45.9%
Finance
13.19%
Consumer Non-Cycl.
8.8%
Healthcare
8.69%
Industrials
7.97%
Other
15.46%
SPYT
Technology
45.57%
Finance
13.09%
Consumer Non-Cycl.
8.73%
Healthcare
8.63%
Industrials
7.91%
Other
16.07%
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Diversification
HEQT
Total weight of top 15 holdings out of 15
43.23%
SPYT
Total weight of top 15 holdings out of 15
42.91%
Top 15 holdings
Data as of June 30, 2026
HEQT
NVIDIA Corp.
7.53%
Apple, Inc.
6.60%
Microsoft Corp.
4.30%
Amazon.com, Inc.
3.62%
Alphabet, Inc.
3.26%
Broadcom Inc.
2.78%
Alphabet, Inc.
2.59%
Micron Technology, Inc.
2.02%
Meta Platforms, Inc.
1.92%
Tesla, Inc.
1.84%
Eli Lilly & Co.
1.47%
Advanced Micro Devices, Inc.
1.47%
Berkshire Hathaway, Inc.
1.43%
JPMorgan Chase & Co.
1.36%
Intel Corp.
1.02%
SPYT
NVIDIA Corp.
7.47%
Apple, Inc.
6.55%
Microsoft Corp.
4.27%
Amazon.com, Inc.
3.60%
Alphabet, Inc.
3.23%
Broadcom Inc.
2.76%
Alphabet, Inc.
2.58%
Micron Technology, Inc.
2.01%
Meta Platforms, Inc.
1.91%
Tesla, Inc.
1.83%
Eli Lilly & Co.
1.46%
Advanced Micro Devices, Inc.
1.46%
Berkshire Hathaway, Inc.
1.41%
JPMorgan Chase & Co.
1.35%
Intel Corp.
1.02%
Frequently asked questions about HEQT and SPYT
How have the HEQT and SPYT ETFs performed in 2026?
As of July 28, 2026, HEQT is up 5.21% year-to-date (YTD), while SPYT has returned 8.49%. That puts SPYT better performer ahead so far this year.
Which ETF is attracting more investor money: HEQT or SPYT?
Year-to-date, the HEQT ETF saw -$49M in flows, compared to +$23M for SPYT.
Which ETF is more volatile: HEQT or SPYT?
Over the past year, HEQT had a volatility of 6.54%, while SPYT experienced 11.53%.
Which ETF is bigger: HEQT or SPYT?
As of July 28, 2026, HEQT holds $295.46 M in assets under management (AUM), while SPYT manages $153.96 M.
What sectors do the HEQT and SPYT ETFs invest in?
HEQT leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SPYT focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the HEQT ETF and SPYT ETF?
HEQT top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SPYT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: HEQT or SPYT?
HEQT holds 504 securities with 43.23% of its assets in the top 15. SPYT has 504 securities and a top 15 weight of 42.91%.
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Latest news about HEQT & SPYT
Tony’s ETF Buyer’s Guide: Hedged Equity ETFs
February 10, 2026
HEQT
Hedged Equity ETFs: Options-Based Alternatives to the 60/40 Portfolio
March 25, 2025
HEQT
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