HEQT vs LALT
Comparison between SIMPLIFY HEDGED EQUITY ETF (HEQT, ETF) and FIRST TRUST MULTI-STRATEGY ALTERNATIVE ETF (LALT, ETF).
HEQT vs LALT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HEQT vs LALT - Holdings Comparison
HEQT and LALT have 0 common holdings. Overlap is 0.00%
HEQT's top 25 holdings weight is 100.49%. LALT's top 25 holdings weight is 99.92%.
| Rank | HEQT | LALT |
|---|---|---|
| #1 | ISHARES CORE S&P 500 ETF (IVV) - 100.49% | FIRST TRUST LONG/SHORT EQUITY ETF (FTLS) - 21.79% |
| #2 | N/A | FIRST TRUST MANAGED FUTURE STRATEGY ETF (FMF) - 21.35% |
| #3 | N/A | FIRST TRUST ALT ABS RET STRAT ETF (FAAR) - 20.84% |
| #4 | N/A | FIRST TRUST LOW DURATION OPPOS ETF (LMBS) - 10.34% |
| #5 | N/A | FRANKLIN SYSTEMATIC STYLE PREMIA ETF (FLSP) - 9.50% |
| #6 | N/A | FIRST TRUST GLOBAL TACT CMDTY STRAT ETF (FTGC) - 8.81% |
| #7 | N/A | ISHARES 7-10 YEAR TREASURY BOND ETF (IEF) - 7.29% |
| #8 | N/A | N/A |
| #9 | N/A | N/A |
| #10 | N/A | N/A |
| #11 | N/A | N/A |
| #12 | N/A | N/A |
| #13 | N/A | N/A |
| #14 | N/A | N/A |
| #15 | N/A | N/A |
| #16 | N/A | N/A |
| #17 | N/A | N/A |
| #18 | N/A | N/A |
| #19 | N/A | N/A |
| #20 | N/A | N/A |
| #21 | N/A | N/A |
| #22 | N/A | N/A |
| #23 | N/A | N/A |
| #24 | N/A | N/A |
| #25 | N/A | N/A |
| Total Holdings | 1 | 7 |
HEQT vs LALT - Historical Returns
Returns include dividend reinvestment.
HEQT vs LALT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | HEQT | LALT |
|---|---|---|
| 2026 | +8.24% | +9.51% |
| 2025 | +10.19% | +10.43% |
| 2024 | +18.25% | +8.52% |
| 2023 | +16.76% | +0.88% |
| 2022 | -8.51% | N/A |
| 2021 | +2.16% | N/A |
HEQT vs LALT Drawdown Comparison
The maximum drawdown for HEQT was -11.51%, occurring on Jun 16, 2022. Recovery took 356 trading sessions.
The maximum drawdown for LALT was -6.97%, occurring on Apr 8, 2025. Recovery took 107 trading sessions.
The current HEQT drawdown is -0.53%. The current LALT drawdown is -1.75%.
| Rank | HEQT | LALT |
|---|---|---|
| #1 | -11.51% Jan 4, 2022 - Jun 6, 2023 | -6.97% Feb 13, 2025 - Jul 21, 2025 |
| #2 | -10.56% Feb 19, 2025 - Jul 22, 2025 | -3.81% Sep 14, 2023 - Feb 7, 2024 |
| #3 | -5.87% Aug 30, 2023 - Nov 20, 2023 | -3.72% May 13, 2026 - Jun 26, 2026 |
| #4 | -5.09% Feb 25, 2026 - Apr 16, 2026 | -2.87% Mar 12, 2026 - Apr 10, 2026 |
| #5 | -5.04% Jul 16, 2024 - Aug 19, 2024 | -2.72% Jan 29, 2026 - Feb 25, 2026 |
| #6 | -2.99% Aug 30, 2024 - Sep 16, 2024 | -2.42% Apr 3, 2024 - Jul 3, 2024 |
| #7 | -2.90% Dec 11, 2024 - Jan 22, 2025 | -1.95% Jul 16, 2024 - Sep 19, 2024 |
| #8 | -2.68% Mar 28, 2024 - May 6, 2024 | -1.83% Apr 13, 2023 - Jul 18, 2023 |
| #9 | -2.57% Nov 11, 2025 - Nov 28, 2025 | -1.65% Dec 11, 2024 - Jan 15, 2025 |
| #10 | -2.26% Jul 31, 2023 - Aug 30, 2023 | -1.59% Nov 11, 2025 - Jan 5, 2026 |
| #11 | -2.03% Nov 18, 2021 - Dec 8, 2021 | -1.43% Jul 26, 2023 - Aug 29, 2023 |
| #12 | -1.84% Jul 15, 2026 - Aug 3, 2026 | -1.41% Mar 6, 2023 - Apr 4, 2023 |
| #13 | -1.61% Jun 2, 2026 - Jun 16, 2026 | -1.29% Oct 8, 2025 - Oct 15, 2025 |
| #14 | -1.51% Feb 2, 2026 - Feb 9, 2026 | -1.23% Oct 20, 2025 - Nov 10, 2025 |
| #15 | -1.48% Dec 15, 2021 - Dec 23, 2021 | -1.14% Jul 29, 2025 - Aug 8, 2025 |
Correlation
Correlation between HEQT and LALT is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2021 - 2026)
HEQT vs LALT dividend yield comparison.
| Year | HEQT | LALT |
|---|---|---|
| 2026 | 0.58% | 2.37% |
| 2025 | 1.19% | 2.03% |
| 2024 | 1.29% | 2.06% |
| 2023 | 4.10% | 2.44% |
| 2022 | 3.94% | 0.00% |
| 2021 | 0.27% | 0.00% |
Select Stocks to Compare
More Comparisons
Compare with similar stocks