SMB vs HEQT

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

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

SMB vs HEQT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SMB

$314M

HEQT

$314M

Expense Ratio

Winner

SMB

0.07%

HEQT

0.43%

Max Drawdown

Winner

SMB

12.64%

HEQT

13.07%

Sharpe Ratio

SMB

-0.67

Winner

HEQT

1.28

5Y Beta

Winner

SMB

0.00

HEQT

0.47

5Y Dividends CAGR

SMB

14.83%

HEQT

N/A

SMB vs HEQT - Historical Returns

Returns include dividend reinvestment.

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

SMB

-0.25%

Winner

HEQT

+1.07%

SMB

+0.44%

Winner

HEQT

+3.87%

SMB

+0.53%

Winner

HEQT

+5.33%

SMB

+2.73%

Winner

HEQT

+12.64%

5Y(CAGR)

SMB

+1.11%

Winner

HEQT

+9.09%

10Y(CAGR)

SMB

+1.46%

HEQT

N/A

Max(CAGR)

SMB

+2.02%

Winner

HEQT

+9.09%

SMB vs HEQT - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

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

SMB vs HEQT Drawdown Comparison

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

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

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

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

Correlation

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

0.96

-101

Dividend Comparison (2008 - 2026)

SMB vs HEQT dividend yield comparison.

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