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: Information Technology, Communication Services and Consumer Discretionary. SPD is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.2% for HEQT. SPD is up 5.51% year-to-date (YTD) with -$16M in YTD flows. HEQT performs worse with 4.48% YTD performance, and -$28M 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 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPD HEQT | +0.88%+0.36% | +10.20%+5.17% | +5.51%+4.48% | +12.29%+13.43% | +59.64%+44.57% | +46.97%n/a |
| Flows | SPD HEQT | -$1M-$8M | -$8M-$28M | -$16M-$28M | +$10M-$53M | -$32M+$142M | -$59M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPD HEQT | +13.28%+6.81% | +13.35%+6.21% | +16.87%+7.61% | +16.18%n/a |
| Max drawdown | SPD HEQT | -4.48%-3.04% | -11.92%-5.27% | -14.87%-10.18% | -26.93%n/a |
| Max drawdown duration | SPD HEQT | 21d21d | 185d49d | 98d149d | 897dn/a |
Trading data
SPD | HEQT | |
Last sale 6/12/2026 at 1:30 PM | $41.28 | $33.32 |
| Previous close 06/11/2026 | $41.11 | $33.24 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
SPD | HEQT | |
|---|---|---|
| Last price | $41.28 | $33.32 |
| 1D performance | +0.40% | +0.24% |
| AuM | $106.29 M | $315.13 M |
| E/R | 0.53% | 0.2% |
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Exposure
Countries
SPD
USA
96.6%
Other
3.4%
HEQT
USA
99.49%
Other
0.51%
Sectors
SPD
Information Techn.
35.48%
Communication Ser.
10.91%
Consumer Discreti.
10.05%
Financials
9.84%
Health Care
8.32%
Industrials
8.03%
Other
17.36%
HEQT
Information Techn.
36.54%
Communication Ser.
11.24%
Consumer Discreti.
10.35%
Financials
10.13%
Health Care
8.57%
Industrials
8.27%
Other
14.89%
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Diversification
SPD
Total weight of top 15 holdings out of 15
43.64%
HEQT
Total weight of top 15 holdings out of 15
44.94%
Top 15 holdings
Data as of April 30, 2026
SPD
NVIDIA
7.80%
APPLE
6.41%
MICROSOFT-T
4.87%
AMAZON.COM INC
4.17%
ALPHABET INC-CL
3.60%
BROADCOM LIMITED
3.18%
ALPHABET INC-CL
2.87%
META PLATFORMS
2.15%
TESLA
1.73%
BERKSHIRE HATHWAY
1.40%
JPMORGAN CHASE
1.36%
LILLY
1.19%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.93%
HEQT
NVIDIA
8.03%
APPLE
6.60%
MICROSOFT-T
5.02%
AMAZON.COM INC
4.29%
ALPHABET INC-CL
3.71%
BROADCOM LIMITED
3.28%
ALPHABET INC-CL
2.96%
META PLATFORMS
2.22%
TESLA
1.78%
BERKSHIRE HATHWAY
1.44%
JPMORGAN CHASE
1.40%
LILLY
1.23%
EXXON
1.07%
MICRON TECHNOLOGY
0.96%
WALMART INC
0.96%
Frequently asked questions about SPD and HEQT
How have the SPD and HEQT ETFs performed in 2026?
As of June 12, 2026, SPD is up 5.51% year-to-date (YTD), while HEQT has returned 4.48%. That puts SPD better performer ahead so far this year.
Which ETF is attracting more investor money: SPD or HEQT?
Year-to-date, the SPD ETF saw -$16M in flows, compared to -$28M for HEQT.
Which ETF is more volatile: SPD or HEQT?
Over the past year, SPD had a volatility of 13.35%, while HEQT experienced 6.21%.
Which ETF is bigger: SPD or HEQT?
As of June 12, 2026, SPD holds $106.29 M in assets under management (AUM), while HEQT manages $315.13 M.
What sectors do the SPD and HEQT ETFs invest in?
SPD leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, HEQT focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the SPD ETF and HEQT ETF?
SPD top holdings include NVIDIA, APPLE and MICROSOFT-T. HEQT holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPD or HEQT?
SPD holds 504 securities with 43.64% of its assets in the top 15. HEQT has 504 securities and a top 15 weight of 44.94%.
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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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