SHDGvsHEQTETF Comparison
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Soundwatch Hedged Equity ETF (SHDG) and Simplify Hedged Equity ETF (HEQT) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. SHDG is more expensive with a Total Expense Ratio (TER) of 1.01%, versus 0.53% for HEQT. SHDG is up 0.98% year-to-date (YTD) with -$7M in YTD flows. HEQT performs better with 5.27% YTD performance, and -$50M in YTD flows. Run a side-by-side ETF comparison of SHDG and HEQT 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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SHDG vs HEQT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SHDG HEQT | -0.21%+0.12% | +1.33%+1.97% | +0.98%+5.27% | +7.53%+11.29% | +35.49%+42.25% | n/an/a |
| Flows | SHDG HEQT | -$2M-$19M | -$6M-$32M | -$7M-$50M | -$10M-$41M | +$8M+$118M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHDG HEQT | +5.38%+6.55% | +7.67%+6.70% | +10.48%+7.73% | n/an/a |
| Max drawdown | SHDG HEQT | -2.49%-1.91% | -6.58%-5.27% | -15.48%-10.18% | n/an/a |
| Max drawdown duration | SHDG HEQT | 15d15d | 150d49d | 153d149d | n/an/a |
Trading data
SHDG | HEQT | |
Last sale 7/31/2026 at 1:30 PM | $32.73 | $33.68 |
| Previous close 07/31/2026 | $32.58 | $33.52 |
| Consolidated volume 07/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
SHDG | HEQT | |
|---|---|---|
| Last price | $32.73 | $33.68 |
| 1D performance | +0.47% | +0.48% |
| AuM | $160.45 M | $294.78 M |
| E/R | 1.01% | 0.53% |
Characteristics
SHDG | HEQT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Soundwatch Capital | Simplify |
| Benchmark | - | - |
| N° of holdings | 497 | 497 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2022 | November 2, 2021 |
| ESG | No | No |
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Exposure
Countries
SHDG
USA
100.28%
Other
-0.28%
HEQT
USA
97.8%
Other
2.2%
Sectors
SHDG
Technology
47.06%
Finance
13.52%
Consumer Non-Cycl.
9.02%
Healthcare
8.91%
Industrials
8.17%
Other
13.31%
HEQT
Technology
45.9%
Finance
13.19%
Consumer Non-Cycl.
8.8%
Healthcare
8.69%
Industrials
7.97%
Other
15.46%
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Diversification
SHDG
Total weight of top 15 holdings out of 15
44.32%
HEQT
Total weight of top 15 holdings out of 15
43.23%
Top 15 holdings
Data as of June 30, 2026
SHDG
NVIDIA Corp.
7.72%
Apple, Inc.
6.77%
Microsoft Corp.
4.41%
Amazon.com, Inc.
3.72%
Alphabet, Inc.
3.34%
Broadcom Inc.
2.85%
Alphabet, Inc.
2.66%
Micron Technology, Inc.
2.07%
Meta Platforms, Inc.
1.97%
Tesla, Inc.
1.89%
Eli Lilly & Co.
1.51%
Advanced Micro Devices, Inc.
1.51%
Berkshire Hathaway, Inc.
1.46%
JPMorgan Chase & Co.
1.40%
Intel Corp.
1.05%
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%
Frequently asked questions about SHDG and HEQT
How have the SHDG and HEQT ETFs performed in 2026?
As of July 30, 2026, SHDG is up 0.98% year-to-date (YTD), while HEQT has returned 5.27%. That puts HEQT better performer ahead so far this year.
Which ETF is attracting more investor money: SHDG or HEQT?
Year-to-date, the SHDG ETF saw -$7M in flows, compared to -$50M for HEQT.
Which ETF is more volatile: SHDG or HEQT?
Over the past year, SHDG had a volatility of 7.67%, while HEQT experienced 6.7%.
Which ETF is bigger: SHDG or HEQT?
As of July 30, 2026, SHDG holds $160.45 M in assets under management (AUM), while HEQT manages $294.78 M.
What sectors do the SHDG and HEQT ETFs invest in?
SHDG leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, HEQT focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the SHDG ETF and HEQT ETF?
SHDG top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. HEQT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: SHDG or HEQT?
SHDG holds 504 securities with 44.32% of its assets in the top 15. HEQT has 504 securities and a top 15 weight of 43.23%.
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Latest news about SHDG & HEQT
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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