GNOV vs HEQT
Comparison between FT VEST U.S. EQUITY MODERATE BUFFER ETF - NOVEMBER (GNOV, ETF) and SIMPLIFY HEDGED EQUITY ETF (HEQT, ETF).
GNOV vs HEQT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
GNOV
$297M
HEQT
$296M
Expense Ratio
GNOV
0.85%
Winner
HEQT
0.43%
Max Drawdown
Winner
GNOV
10.70%
HEQT
13.07%
Sharpe Ratio
Winner
GNOV
1.64
HEQT
1.26
5Y Beta
GNOV
0.47
Winner
HEQT
0.46
GNOV vs HEQT - Historical Returns
Returns include dividend reinvestment.
1M
GNOV
+1.73%
Winner
HEQT
+2.86%
3M
GNOV
+2.39%
Winner
HEQT
+3.32%
6M
Winner
GNOV
+7.02%
HEQT
+6.78%
1Y
Winner
GNOV
+13.70%
HEQT
+13.09%
5Y(CAGR)
GNOV
N/A
HEQT
+9.38%
Max(CAGR)
Winner
GNOV
+12.46%
HEQT
+9.38%
GNOV vs HEQT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | GNOV | HEQT |
|---|---|---|
| 2026 | +7.35% | +8.28% |
| 2025 | +13.71% | +10.19% |
| 2024 | +10.84% | +18.25% |
| 2023 | +2.85% | +16.76% |
| 2022 | N/A | -8.51% |
| 2021 | N/A | +2.16% |
GNOV vs HEQT Drawdown Comparison
The maximum drawdown for GNOV was -10.70%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.
The maximum drawdown for HEQT was -11.51%, occurring on Jun 16, 2022. Recovery took 356 trading sessions.
The current HEQT drawdown is -0.50%.
| Rank | GNOV | HEQT |
|---|---|---|
| #1 | -10.70% Feb 19, 2025 - Jun 10, 2025 | -11.51% Jan 4, 2022 - Jun 6, 2023 |
| #2 | -4.56% Feb 25, 2026 - Apr 13, 2026 | -10.56% Feb 19, 2025 - Jul 22, 2025 |
| #3 | -2.59% Jul 16, 2024 - Aug 15, 2024 | -5.87% Aug 30, 2023 - Nov 20, 2023 |
| #4 | -1.90% Dec 6, 2024 - Jan 21, 2025 | -5.09% Feb 25, 2026 - Apr 16, 2026 |
| #5 | -1.74% Mar 28, 2024 - May 6, 2024 | -5.04% Jul 16, 2024 - Aug 19, 2024 |
| #6 | -1.32% Jun 4, 2026 - Jun 15, 2026 | -2.99% Aug 30, 2024 - Sep 16, 2024 |
| #7 | -1.21% Jan 29, 2026 - Feb 9, 2026 | -2.90% Dec 11, 2024 - Jan 22, 2025 |
| #8 | -1.15% Jul 28, 2025 - Aug 8, 2025 | -2.68% Mar 28, 2024 - May 6, 2024 |
| #9 | -1.05% Jan 12, 2026 - Jan 26, 2026 | -2.57% Nov 11, 2025 - Nov 28, 2025 |
| #10 | -1.03% Jun 15, 2026 - Jun 30, 2026 | -2.26% Jul 31, 2023 - Aug 30, 2023 |
| #11 | -1.01% Dec 11, 2025 - Dec 22, 2025 | -2.03% Nov 18, 2021 - Dec 8, 2021 |
| #12 | -0.99% Feb 9, 2026 - Feb 25, 2026 | -1.84% Jul 15, 2026 - Aug 3, 2026 |
| #13 | -0.96% Oct 8, 2025 - Oct 20, 2025 | -1.61% Jun 2, 2026 - Jun 16, 2026 |
| #14 | -0.87% Jan 24, 2025 - Feb 6, 2025 | -1.51% Feb 2, 2026 - Feb 9, 2026 |
| #15 | -0.87% Dec 29, 2023 - Jan 10, 2024 | -1.48% Dec 15, 2021 - Dec 23, 2021 |
Correlation
Correlation between GNOV and HEQT is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
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