SPDvsHEQTETF Comparison
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Simplify US Equity PLUS Downside Convexity ETF (SPD) 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. Both SPD and HEQT have the same Total Expense Ratio (TER) of 0.53%. SPD is up 4.81% year-to-date (YTD) with -$17M in YTD flows. HEQT performs better with 5.21% YTD performance, and -$49M in YTD flows. Run a side-by-side ETF comparison of SPD 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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SPD vs HEQT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPD HEQT | -0.64%+0.38% | +3.93%+2.32% | +4.81%+5.21% | +8.12%+11.16% | +50.85%+42.29% | +41.19%n/a |
| Flows | SPD HEQT | -$1M-$21M | -$7M-$31M | -$17M-$49M | +$6M-$41M | -$40M+$118M | -$84M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPD HEQT | +13.54%+5.90% | +13.10%+6.54% | +17.00%+7.69% | +16.24%n/a |
| Max drawdown | SPD HEQT | -4.07%-1.67% | -11.92%-5.27% | -14.87%-10.18% | -26.93%n/a |
| Max drawdown duration | SPD HEQT | 56d15d | 185d49d | 98d149d | 897dn/a |
Trading data
SPD | HEQT | |
Last sale 7/29/2026 at 1:30 PM | $40.65 | $33.44 |
| Previous close 07/28/2026 | $40.92 | $33.52 |
| 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
SPD | HEQT | |
|---|---|---|
| Last price | $40.65 | $33.44 |
| 1D performance | -0.67% | -0.24% |
| AuM | $104.30 M | $295.46 M |
| E/R | 0.53% | 0.53% |
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Exposure
Countries
SPD
USA
93.06%
Other
6.94%
HEQT
USA
97.8%
Other
2.2%
Sectors
SPD
Technology
43.68%
Finance
12.55%
Consumer Non-Cycl.
8.37%
Healthcare
8.27%
Industrials
7.58%
Other
19.55%
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
SPD
Total weight of top 15 holdings out of 15
42.33%
HEQT
Total weight of top 15 holdings out of 15
43.23%
Top 15 holdings
Data as of June 30, 2026
SPD
NVIDIA Corp.
7.16%
Apple, Inc.
6.28%
Microsoft Corp.
4.10%
Amazon.com, Inc.
3.45%
Alphabet, Inc.
3.10%
Broadcom Inc.
2.64%
Alphabet, Inc.
2.47%
US912797UW50
2.17%
Micron Technology, Inc.
1.92%
Meta Platforms, Inc.
1.83%
Tesla, Inc.
1.75%
Eli Lilly & Co.
1.40%
Advanced Micro Devices, Inc.
1.40%
Berkshire Hathaway, Inc.
1.36%
JPMorgan Chase & Co.
1.30%
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 SPD and HEQT
How have the SPD and HEQT ETFs performed in 2026?
As of July 28, 2026, SPD is up 4.81% year-to-date (YTD), while HEQT has returned 5.21%. That puts HEQT better performer ahead so far this year.
Which ETF is attracting more investor money: SPD or HEQT?
Year-to-date, the SPD ETF saw -$17M in flows, compared to -$49M for HEQT.
Which ETF is more volatile: SPD or HEQT?
Over the past year, SPD had a volatility of 13.1%, while HEQT experienced 6.54%.
Which ETF is bigger: SPD or HEQT?
As of July 28, 2026, SPD holds $104.30 M in assets under management (AUM), while HEQT manages $295.46 M.
What sectors do the SPD and HEQT ETFs invest in?
SPD 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 SPD ETF and HEQT ETF?
SPD 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: SPD or HEQT?
SPD holds 507 securities with 42.33% 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 SPD & 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
Hedging tail risk: ETFs with crash protection
September 8, 2022
SPD
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