HEQT vs BTAL

Comparison between SIMPLIFY HEDGED EQUITY ETF (HEQT, ETF) and AGF U.S. MARKET NEUTRAL ANTI-BETA FUND (BTAL, ETF).

5-Year PerformanceHEQT has outperformed BTAL, delivering a return of +8.9% compared to -3.9%

HEQT vs BTAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEQT(ETF)	BTAL(ETF)
Net Assets	$321M	$321M
Expense Ratio	0.43%	1.40%
Max Drawdown	13.07%	56.68%
Sharpe Ratio	1.47	-1.98
5Y Beta	0.47	-0.83

Net Assets

Winner

HEQT

$321M

BTAL

$321M

Expense Ratio

Winner

HEQT

0.43%

BTAL

1.40%

Max Drawdown

Winner

HEQT

13.07%

BTAL

56.68%

Sharpe Ratio

Winner

HEQT

1.47

BTAL

-1.98

5Y Beta

HEQT

0.47

Winner

BTAL

-0.83

HEQT vs BTAL - Holdings Comparison

HEQT and BTAL have 0 common holdings. Overlap is 0.00%

HEQT's top 25 holdings weight is 104.01%. BTAL's top 25 holdings weight is 124.02%.

Rank	HEQT	BTAL
#1	ISHARES CORE S&P 500 ETF (IVV) - 104.01%	CASH (n/a) - 110.07%
#2	N/A	AKAMAI TECHNOLOGIES INC (AKAM) - 0.70%
#3	N/A	F5 INC (FFIV) - 0.67%
#4	N/A	CISCO SYSTEMS INC (CSCO) - 0.66%
#5	N/A	ENPHASE ENERGY INC (ENPH) - 0.64%
#6	N/A	ARROW ELECTRONICS INC (ARW) - 0.64%
#7	N/A	MURPHY USA INC (MUSA) - 0.63%
#8	N/A	VERISIGN INC (VRSN) - 0.62%
#9	N/A	VARONIS SYSTEMS INC (VRNS) - 0.59%
#10	N/A	CENTENE CORP (CNC) - 0.59%
#11	N/A	VIRTU FINANCIAL INC CLASS A (VIRT) - 0.58%
#12	N/A	EBAY INC (EBAY) - 0.58%
#13	N/A	OKTA INC CLASS A (OKTA) - 0.57%
#14	N/A	H&R BLOCK INC (HRB) - 0.57%
#15	N/A	UNITEDHEALTH GROUP INC (UNH) - 0.57%
#16	N/A	UL SOLUTIONS INC CLASS A COMMON STOCK (ULS) - 0.56%
#17	N/A	FIRSTCASH HOLDINGS INC (FCFS) - 0.55%
#18	N/A	CF INDUSTRIES HOLDINGS INC (CF) - 0.54%
#19	N/A	CBOE GLOBAL MARKETS INC (CBOE) - 0.54%
#20	N/A	n/a (MP) - 0.54%
#21	N/A	MOLINA HEALTHCARE INC (MOH) - 0.54%
#22	N/A	ROYALTY PHARMA PLC CLASS A (RPRX) - 0.54%
#23	N/A	ELEVANCE HEALTH INC (ELV) - 0.52%
#24	N/A	CROCS INC (CROX) - 0.51%
#25	N/A	OCCIDENTAL PETROLEUM CORP (OXY) - 0.50%
Total Holdings	1	404

HEQT vs BTAL - Historical Returns

Returns include dividend reinvestment.

Period	HEQT	BTAL
1 month	+0.42%	-1.97%
3 months	+3.66%	-15.76%
6 months	+4.47%	-15.74%
1 year	+13.84%	-34.85%
5 years(CAGR)	+8.92%	-3.90%
10 years(CAGR)	N/A	-4.25%
Max(CAGR)	+8.92%	-3.78%

Winner

HEQT

+0.42%

BTAL

-1.97%

Winner

HEQT

+3.66%

BTAL

-15.76%

Winner

HEQT

+4.47%

BTAL

-15.74%

Winner

HEQT

+13.84%

BTAL

-34.85%

5Y(CAGR)

Winner

HEQT

+8.92%

BTAL

-3.90%

10Y(CAGR)

HEQT

N/A

BTAL

-4.25%

Max(CAGR)

Winner

HEQT

+8.92%

BTAL

-3.78%

HEQT vs BTAL - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	HEQT	BTAL
2026	+4.02%	-14.80%
2025	+10.19%	-19.89%
2024	+18.25%	+10.73%
2023	+16.76%	-16.21%
2022	-8.51%	+21.71%
2021	+2.16%	-7.35%
2020	N/A	-13.74%
2019	N/A	+2.04%
2018	N/A	+16.45%
2017	N/A	-1.13%
2016	N/A	-5.06%
2015	N/A	+4.33%
2014	N/A	+8.06%
2013	N/A	-11.09%
2012	N/A	-7.04%
2011	N/A	-2.50%

HEQT vs BTAL Drawdown Comparison

The maximum drawdown for HEQT was -11.51%, occurring on Jun 16, 2022. Recovery took 356 trading sessions.

The maximum drawdown for BTAL was -50.29%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current HEQT drawdown is -0.98%. The current BTAL drawdown is -48.17%.

Rank	HEQT	BTAL
#1	-11.51% Jan 4, 2022 - Jun 6, 2023	-50.29% Mar 12, 2020 - Jun 2, 2026
#2	-10.56% Feb 19, 2025 - Jul 22, 2025	-29.52% Oct 3, 2011 - Mar 9, 2020
#3	-5.87% Aug 30, 2023 - Nov 20, 2023	-2.13% Sep 26, 2011 - Sep 29, 2011
#4	-5.09% Feb 25, 2026 - Apr 16, 2026	-1.62% Sep 13, 2011 - Sep 21, 2011
#5	-5.04% Jul 16, 2024 - Aug 19, 2024	-1.46% Mar 9, 2020 - Mar 12, 2020
#6	-2.99% Aug 30, 2024 - Sep 16, 2024	N/A
#7	-2.90% Dec 11, 2024 - Jan 22, 2025	N/A
#8	-2.68% Mar 28, 2024 - May 6, 2024	N/A
#9	-2.57% Nov 11, 2025 - Nov 28, 2025	N/A
#10	-2.26% Jul 31, 2023 - Aug 30, 2023	N/A
#11	-2.03% Nov 18, 2021 - Dec 8, 2021	N/A
#12	-1.51% Feb 2, 2026 - Feb 9, 2026	N/A
#13	-1.48% Dec 15, 2021 - Dec 23, 2021	N/A
#14	-1.47% Dec 11, 2025 - Dec 22, 2025	N/A
#15	-1.41% Oct 22, 2024 - Nov 6, 2024	N/A

Correlation

Correlation between HEQT and BTAL is -0.50 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.50

-101