HEQT vs SMB

Comparison between SIMPLIFY HEDGED EQUITY ETF (HEQT, ETF) and VANECK SHORT MUNI ETF (SMB, ETF).

5-Year PerformanceHEQT has outperformed SMB, delivering a return of +9.1% compared to +1.1%

HEQT vs SMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEQT(ETF)	SMB(ETF)
Net Assets	$314M	$314M
Expense Ratio	0.43%	0.07%
Max Drawdown	13.07%	12.64%
Sharpe Ratio	1.28	-0.67
5Y Beta	0.47	0.00
5Y Dividends CAGR	N/A	14.83%

Net Assets

HEQT

$314M

SMB

$314M

Expense Ratio

HEQT

0.43%

Winner

SMB

0.07%

Max Drawdown

HEQT

13.07%

Winner

SMB

12.64%

Sharpe Ratio

Winner

HEQT

1.28

SMB

-0.67

5Y Beta

HEQT

0.47

Winner

SMB

0.00

5Y Dividends CAGR

HEQT

N/A

SMB

14.83%

HEQT vs SMB - Historical Returns

Returns include dividend reinvestment.

Period	HEQT	SMB
1 month	+1.07%	-0.25%
3 months	+3.87%	+0.44%
6 months	+5.33%	+0.53%
1 year	+12.64%	+2.73%
5 years(CAGR)	+9.09%	+1.11%
10 years(CAGR)	N/A	+1.46%
Max(CAGR)	+9.09%	+2.02%

Winner

HEQT

+1.07%

SMB

-0.25%

Winner

HEQT

+3.87%

SMB

+0.44%

Winner

HEQT

+5.33%

SMB

+0.53%

Winner

HEQT

+12.64%

SMB

+2.73%

5Y(CAGR)

Winner

HEQT

+9.09%

SMB

+1.11%

10Y(CAGR)

HEQT

N/A

SMB

+1.46%

Max(CAGR)

Winner

HEQT

+9.09%

SMB

+2.02%

HEQT vs SMB - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	HEQT	SMB
2026	+5.92%	+0.48%
2025	+10.19%	+4.55%
2024	+18.25%	+2.47%
2023	+16.76%	+3.14%
2022	-8.51%	-4.35%
2021	+2.16%	+0.06%
2020	N/A	+3.36%
2019	N/A	+4.48%
2018	N/A	+1.75%
2017	N/A	+0.69%
2016	N/A	-0.39%
2015	N/A	+1.20%
2014	N/A	+1.09%
2013	N/A	+0.53%
2012	N/A	+1.47%
2011	N/A	+5.37%
2010	N/A	+1.32%
2009	N/A	+7.86%
2008	N/A	+2.14%

HEQT vs SMB Drawdown Comparison

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

The maximum drawdown for SMB was -12.64%, occurring on Mar 19, 2020. Recovery took 65 trading sessions.

The current HEQT drawdown is -0.19%. The current SMB drawdown is -0.35%.

Rank	HEQT	SMB
#1	-11.51% Jan 4, 2022 - Jun 6, 2023	-12.64% Mar 9, 2020 - Jun 10, 2020
#2	-10.56% Feb 19, 2025 - Jul 22, 2025	-7.48% Jul 20, 2021 - Aug 20, 2024
#3	-5.87% Aug 30, 2023 - Nov 20, 2023	-5.58% Sep 11, 2008 - Jan 6, 2009
#4	-5.09% Feb 25, 2026 - Apr 16, 2026	-4.11% Aug 26, 2010 - May 17, 2011
#5	-5.04% Jul 16, 2024 - Aug 19, 2024	-4.10% Aug 2, 2016 - Aug 4, 2017
#6	-2.99% Aug 30, 2024 - Sep 16, 2024	-4.07% May 1, 2013 - Feb 14, 2014
#7	-2.90% Dec 11, 2024 - Jan 22, 2025	-3.84% Jan 29, 2009 - May 22, 2009
#8	-2.68% Mar 28, 2024 - May 6, 2024	-2.46% Aug 30, 2017 - Dec 24, 2018
#9	-2.57% Nov 11, 2025 - Nov 28, 2025	-2.37% Apr 10, 2008 - Aug 12, 2008
#10	-2.26% Jul 31, 2023 - Aug 30, 2023	-1.96% Oct 2, 2009 - Nov 27, 2009
#11	-2.03% Nov 18, 2021 - Dec 8, 2021	-1.80% Feb 28, 2025 - May 23, 2025
#12	-1.61% Jun 2, 2026 - Jun 16, 2026	-1.79% Feb 5, 2015 - Oct 16, 2015
#13	-1.51% Feb 2, 2026 - Feb 9, 2026	-1.62% May 22, 2009 - Jul 13, 2009
#14	-1.48% Dec 15, 2021 - Dec 23, 2021	-1.53% Jan 8, 2009 - Jan 12, 2009
#15	-1.47% Dec 11, 2025 - Dec 22, 2025	-1.49% Mar 12, 2010 - May 26, 2010

Correlation

Correlation between HEQT and SMB is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2008 - 2026)

HEQT vs SMB dividend yield comparison.

Year	HEQT	SMB
2026	0.59%	1.40%
2025	1.19%	2.63%
2024	1.29%	2.38%
2023	4.10%	1.83%
2022	3.94%	1.32%
2021	0.27%	1.24%
2020	0.00%	1.50%
2019	0.00%	1.58%
2018	0.00%	1.49%
2017	0.00%	1.23%
2016	0.00%	1.12%
2015	0.00%	1.13%
2014	0.00%	1.21%
2013	0.00%	1.38%
2012	0.00%	1.64%
2011	0.00%	1.93%
2010	0.00%	2.40%
2009	0.00%	2.38%
2008	0.00%	2.34%