HEQT vs PABD

Comparison between SIMPLIFY HEDGED EQUITY ETF (HEQT, ETF) and ISHARES PARIS-ALIGNED CLIMATE OPTIMIZED MSCI WORLD EX USA ETF (PABD, ETF).

HEQT vs PABD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEQT(ETF)	PABD(ETF)
Net Assets	$323M	$325M
Expense Ratio	0.43%	0.12%
Max Drawdown	13.07%	14.60%
Sharpe Ratio	1.43	0.94
5Y Beta	0.47	0.72

Net Assets

HEQT

$323M

Winner

PABD

$325M

Expense Ratio

HEQT

0.43%

Winner

PABD

0.12%

Max Drawdown

Winner

HEQT

13.07%

PABD

14.60%

Sharpe Ratio

Winner

HEQT

1.43

PABD

0.94

5Y Beta

Winner

HEQT

0.47

PABD

0.72

HEQT vs PABD - Holdings Comparison

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

HEQT's top 25 holdings weight is 104.75%. PABD's top 25 holdings weight is 26.44%.

Rank	HEQT	PABD
#1	ISHARES CORE S&P 500 ETF (IVV) - 104.75%	ASML HOLDING NV (n/a) - 2.97%
#2	N/A	ROYAL BANK OF CANADA (n/a) - 1.46%
#3	N/A	NOVARTIS AG REGISTERED SHARES (n/a) - 1.44%
#4	N/A	HSBC HOLDINGS PLC (n/a) - 1.34%
#5	N/A	ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.31%
#6	N/A	ABB LTD (n/a) - 1.30%
#7	N/A	ASTRAZENECA PLC (AZN:XLON) - 1.29%
#8	N/A	SCHNEIDER ELECTRIC SE (n/a) - 1.27%
#9	N/A	THE TORONTO-DOMINION BANK (n/a) - 1.03%
#10	N/A	MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.95%
#11	N/A	SAP SE (n/a) - 0.94%
#12	N/A	JPY/USD PURCHASED (n/a) - 0.91%
#13	N/A	ALLIANZ SE (n/a) - 0.90%
#14	N/A	COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.90%
#15	N/A	SOFTBANK GROUP CORP (n/a) - 0.89%
#16	N/A	JPY CASH (n/a) - 0.87%
#17	N/A	BANCO SANTANDER SA (n/a) - 0.83%
#18	N/A	MURATA MANUFACTURING CO LTD (n/a) - 0.81%
#19	N/A	KEYENCE CORP (n/a) - 0.75%
#20	N/A	SIEMENS AG (n/a) - 0.74%
#21	N/A	UNICREDIT SPA (n/a) - 0.73%
#22	N/A	TRANSURBAN GROUP (n/a) - 0.71%
#23	N/A	INFINEON TECHNOLOGIES AG (n/a) - 0.71%
#24	N/A	UBS GROUP AG REGISTERED SHARES (n/a) - 0.70%
#25	N/A	TOKYO ELECTRON LTD (n/a) - 0.69%
Total Holdings	1	448

HEQT vs PABD - Historical Returns

Returns include dividend reinvestment.

Period	HEQT	PABD
1 month	+0.28%	+2.26%
3 months	+5.18%	+8.00%
6 months	+4.75%	+9.31%
1 year	+13.60%	+18.00%
5 years(CAGR)	+8.95%	N/A
Max(CAGR)	+8.95%	+17.57%

HEQT

+0.28%

Winner

PABD

+2.26%

HEQT

+5.18%

Winner

PABD

+8.00%

HEQT

+4.75%

Winner

PABD

+9.31%

HEQT

+13.60%

Winner

PABD

+18.00%

5Y(CAGR)

HEQT

+8.95%

PABD

N/A

Max(CAGR)

HEQT

+8.95%

Winner

PABD

+17.57%

HEQT vs PABD - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	HEQT	PABD
2026	+4.33%	+6.84%
2025	+10.19%	+30.36%
2024	+18.25%	+5.34%
2023	+16.76%	N/A
2022	-8.51%	N/A
2021	+2.16%	N/A

HEQT vs PABD Drawdown Comparison

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

The maximum drawdown for PABD was -13.37%, occurring on Apr 8, 2025. Recovery took 145 trading sessions.

The current HEQT drawdown is -0.69%. The current PABD drawdown is -0.77%.

Rank	HEQT	PABD
#1	-11.51% Jan 4, 2022 - Jun 6, 2023	-13.37% Sep 26, 2024 - Apr 28, 2025
#2	-10.56% Feb 19, 2025 - Jul 22, 2025	-12.55% Feb 26, 2026 - Mar 27, 2026
#3	-5.87% Aug 30, 2023 - Nov 20, 2023	-6.94% Jul 12, 2024 - Aug 19, 2024
#4	-5.09% Feb 25, 2026 - Apr 16, 2026	-5.59% Nov 12, 2025 - Dec 11, 2025
#5	-5.04% Jul 16, 2024 - Aug 19, 2024	-5.39% Mar 20, 2024 - May 10, 2024
#6	-2.99% Aug 30, 2024 - Sep 16, 2024	-4.50% Jul 23, 2025 - Aug 13, 2025
#7	-2.90% Dec 11, 2024 - Jan 22, 2025	-3.65% May 15, 2024 - Jun 5, 2024
#8	-2.68% Mar 28, 2024 - May 6, 2024	-3.50% Jun 6, 2024 - Jul 11, 2024
#9	-2.57% Nov 11, 2025 - Nov 28, 2025	-3.20% Aug 23, 2024 - Sep 19, 2024
#10	-2.26% Jul 31, 2023 - Aug 30, 2023	-2.97% Oct 6, 2025 - Oct 20, 2025
#11	-2.03% Nov 18, 2021 - Dec 8, 2021	-2.88% Jun 12, 2025 - Jun 27, 2025
#12	-1.61% Jun 2, 2026 - Jun 10, 2026	-2.80% Oct 28, 2025 - Nov 12, 2025
#13	-1.51% Feb 2, 2026 - Feb 9, 2026	-2.70% Aug 22, 2025 - Sep 11, 2025
#14	-1.48% Dec 15, 2021 - Dec 23, 2021	-2.52% Jan 27, 2026 - Feb 9, 2026
#15	-1.47% Dec 11, 2025 - Dec 22, 2025	-2.44% Jan 15, 2026 - Jan 27, 2026