SPYTvsHEQTETF Comparison
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Defiance S&P 500 Target Income ETF (SPYT) 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. SPYT is more expensive with a Total Expense Ratio (TER) of 0.92%, versus 0.53% for HEQT. SPYT is up 8.84% year-to-date (YTD) with +$14M in YTD flows. HEQT performs worse with 5.07% YTD performance, and -$28M in YTD flows. Run a side-by-side ETF comparison of SPYT 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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SPYT vs HEQT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYT HEQT | +0.62%+1.27% | +11.67%+6.74% | +8.84%+5.07% | +22.19%+14.42% | n/a+45.04% | n/an/a |
| Flows | SPYT HEQT | -$448K-$7M | -$4M-$26M | +$14M-$28M | +$41M-$48M | -+$141M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYT HEQT | +14.27%+6.59% | +11.22%+6.24% | n/a+7.62% | n/an/a |
| Max drawdown | SPYT HEQT | -4.34%-1.87% | -7.87%-5.27% | n/a-10.18% | n/an/a |
| Max drawdown duration | SPYT HEQT | 16d18d | 70d49d | n/a149d | n/an/a |
Trading data
SPYT | HEQT | |
Last sale 6/18/2026 at 1:30 PM | $17.52 | $33.54 |
| Previous close 06/18/2026 | $17.34 | $33.37 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
SPYT | HEQT | |
|---|---|---|
| Last price | $17.52 | $33.54 |
| 1D performance | +1.04% | +0.51% |
| AuM | $147.87 M | $316.92 M |
| E/R | 0.92% | 0.53% |
Characteristics
SPYT | HEQT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Defiance ETFs | Simplify |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 5, 2024 | November 2, 2021 |
| ESG | No | No |
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Exposure
Countries
SPYT
USA
96.94%
Other
3.06%
HEQT
USA
99.49%
Other
0.51%
Sectors
SPYT
Information Techn.
35.61%
Communication Ser.
10.95%
Consumer Discreti.
10.09%
Financials
9.87%
Health Care
8.35%
Industrials
8.06%
Other
17.07%
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
SPYT
Total weight of top 15 holdings out of 15
43.79%
HEQT
Total weight of top 15 holdings out of 15
44.94%
Top 15 holdings
Data as of April 30, 2026
SPYT
NVIDIA
7.83%
APPLE
6.43%
MICROSOFT-T
4.89%
AMAZON.COM INC
4.18%
ALPHABET INC-CL
3.62%
BROADCOM LIMITED
3.20%
ALPHABET INC-CL
2.88%
META PLATFORMS
2.16%
TESLA
1.73%
BERKSHIRE HATHWAY
1.40%
JPMORGAN CHASE
1.36%
LILLY
1.20%
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 SPYT and HEQT
How have the SPYT and HEQT ETFs performed in 2026?
As of June 18, 2026, SPYT is up 8.84% year-to-date (YTD), while HEQT has returned 5.07%. That puts SPYT better performer ahead so far this year.
Which ETF is attracting more investor money: SPYT or HEQT?
Year-to-date, the SPYT ETF saw +$14M in flows, compared to -$28M for HEQT.
Which ETF is more volatile: SPYT or HEQT?
Over the past year, SPYT had a volatility of 11.22%, while HEQT experienced 6.24%.
Which ETF is bigger: SPYT or HEQT?
As of June 18, 2026, SPYT holds $147.87 M in assets under management (AUM), while HEQT manages $316.92 M.
What sectors do the SPYT and HEQT ETFs invest in?
SPYT 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 SPYT ETF and HEQT ETF?
SPYT top holdings include NVIDIA, APPLE and MICROSOFT-T. HEQT holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPYT or HEQT?
SPYT holds 504 securities with 43.79% 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 SPYT & 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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