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, Financials and Communication Services. SPYT is more expensive with a Total Expense Ratio (TER) of 0.92%, versus 0.2% for HEQT. SPYT is up 5.01% year-to-date (YTD) with +$15M in YTD flows. HEQT performs worse with 2.83% YTD performance, and -$18M 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 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYT HEQT | +11.83%+4.82% | +3.46%+1.43% | +5.01%+2.83% | +26.84%+16.81% | n/a+46.57% | n/an/a |
| Flows | SPYT HEQT | -$4M-$12M | +$14M-$26M | +$15M-$18M | +$45M-$127M | -+$154M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYT HEQT | +13.94%+8.25% | +11.23%+6.31% | n/a+7.72% | n/an/a |
| Max drawdown | SPYT HEQT | -7.87%-5.27% | -7.87%-5.27% | n/a-10.18% | n/an/a |
| Max drawdown duration | SPYT HEQT | 70d49d | 70d49d | n/a149d | n/an/a |
Trading data
SPYT | HEQT | |
Last sale 4/28/2026 at 5:55 PM | $17.37 | $32.83 |
| Previous close 04/27/2026 | $17.47 | $32.78 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/28/2026 at 5:55 PM
Live
Closed
SPYT | HEQT | |
|---|---|---|
| Last price | $17.37 | $32.83 |
| 1D performance | -0.57% | +0.17% |
| AuM | $147.95 M | $320.00 M |
| E/R | 0.92% | 0.2% |
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
96.6%
Other
3.4%
HEQT
USA
95.9%
Other
4.1%
Sectors
SPYT
Information Techn.
33.77%
Financials
10.34%
Communication Ser.
10.18%
Consumer Discreti.
9.97%
Health Care
9.28%
Industrials
8.28%
Other
18.19%
HEQT
Information Techn.
33.52%
Financials
10.26%
Communication Ser.
10.11%
Consumer Discreti.
9.89%
Health Care
9.21%
Industrials
8.22%
Other
18.78%
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Diversification
SPYT
Total weight of top 15 holdings out of 15
42.29%
HEQT
Total weight of top 15 holdings out of 15
41.99%
Top 15 holdings
Data as of March 31, 2026
SPYT
NVIDIA
7.54%
APPLE
6.63%
MICROSOFT-T
4.89%
AMAZON.COM INC
3.62%
ALPHABET INC-CL
2.98%
BROADCOM LIMITED
2.61%
ALPHABET INC-CL
2.39%
META PLATFORMS
2.23%
TESLA
1.86%
BERKSHIRE HATHWAY
1.56%
JPMORGAN CHASE
1.41%
LILLY
1.30%
EXXON
1.26%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
HEQT
NVIDIA
7.49%
APPLE
6.58%
MICROSOFT-T
4.86%
AMAZON.COM INC
3.59%
ALPHABET INC-CL
2.96%
BROADCOM LIMITED
2.59%
ALPHABET INC-CL
2.37%
META PLATFORMS
2.21%
TESLA
1.85%
BERKSHIRE HATHWAY
1.55%
JPMORGAN CHASE
1.40%
LILLY
1.29%
EXXON
1.25%
JOHNSON&JOHNSON
1.04%
WALMART INC
0.96%
Frequently asked questions about SPYT and HEQT
How have the SPYT and HEQT ETFs performed in 2026?
As of April 27, 2026, SPYT is up 5.01% year-to-date (YTD), while HEQT has returned 2.83%. 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 +$15M in flows, compared to -$18M for HEQT.
Which ETF is more volatile: SPYT or HEQT?
Over the past year, SPYT had a volatility of 11.23%, while HEQT experienced 6.31%.
Which ETF is bigger: SPYT or HEQT?
As of April 27, 2026, SPYT holds $147.95 M in assets under management (AUM), while HEQT manages $320.00 M.
What sectors do the SPYT and HEQT ETFs invest in?
SPYT leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, HEQT focuses on Information Technology, Financials and Communication Services.
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 42.29% of its assets in the top 15. HEQT has 504 securities and a top 15 weight of 41.99%.
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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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