{"url":"https://etfiq.com/compare/alternatives/heqt-vs-qbul","section":"compare","title":"HEQT vs QBUL: Correlation to the S&P 500 | ETFIQ","description":"HEQT and QBUL both run hedged equity strategies. Over the year to Nov 4, 2026, HEQT had a correlation of +0.97 with the S&P 500 and QBUL +0.85.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, HEQT or QBUL?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Nov 4, 2026, HEQT\u2019s weekly returns had a correlation of +0.97 with the S&P 500 and QBUL\u2019s +0.85, so QBUL moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, HEQT or QBUL?","acceptedAnswer":{"@type":"Answer","text":"In the 26 weeks the S&P 500 fell, by 1.07% a week on average, HEQT averaged \u22120.58% and QBUL \u22120.26%, so QBUL returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, HEQT or QBUL?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, HEQT finished 6.5 percentage points ahead of cash and QBUL finished 3.3 percentage points behind cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, HEQT or QBUL?","acceptedAnswer":{"@type":"Answer","text":"HEQT charges 0.48% a year and QBUL charges 0.79%, so HEQT is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives ETFs","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"HEQT vs QBUL","item":"https://etfiq.com/compare/alternatives/heqt-vs-qbul"}]},{"@type":"WebPage","name":"HEQT vs QBUL: Correlation to the S&P 500","description":"HEQT and QBUL both run hedged equity strategies. Over the year to Nov 4, 2026, HEQT had a correlation of +0.97 with the S&P 500 and QBUL +0.85.","url":"https://etfiq.com/compare/alternatives/heqt-vs-qbul","dateModified":"2026-11-04","abstract":"Over the year to Nov 4, 2026, QBUL moved less with the S&P 500 than HEQT: correlation +0.85 against +0.97.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of HEQT and QBUL","description":"HEQT and QBUL both run hedged equity strategies. Over the year to Nov 4, 2026, HEQT had a correlation of +0.97 with the S&P 500 and QBUL +0.85.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/heqt-vs-qbul","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]}],"characters":6953,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / HEQT vs QBUL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n HEQT vs QBUL: Correlation to the S&P 500\n\n Over the year to Nov 4, 2026, QBUL moved less with the S&P 500 than HEQT: correlation +0.85 against +0.97.\n Copy this for sharing \n \n HEQT costs 0.31 points a year less; their one-year returns differ by 9.9 points.\n HEQT and QBUL at a glance. As of Nov 4, 2026. Source: ETFIQ. HEQT QBUL \n Expense ratio 0.48% 0.79% \n Net assets, HEQT as of Nov 3, 2026 and QBUL as of Jul 31, 2026 $307m $28m \n Total return, 1 year +10.3% +0.4% \n H","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, HEQT against QBUL, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/heqt-vs-qbul","a":{"ticker":"HEQT","name":"Simplify Hedged Equity ETF","issuer":"Simplify","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, HEQT returned 10.3%, against 14.8% for VOO.","url":"https://etfiq.com/funds/heqt","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.97","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.56","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"54.2%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+6.5 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"1.3%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid quarterly), ex-date Sep 25, 2026","value":"$0.10","as_of":"2026-09-25","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$307m","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.48%","as_of":"2026-10-28","source":"485BPOS XBRL, Oct 28, 2026"}]},"b":{"ticker":"QBUL","name":"TrueShares Quarterly Bull Hedge ETF","issuer":"TrueShares","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, QBUL returned 0.4%, against 14.8% for VOO.","url":"https://etfiq.com/funds/qbul","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.85","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.20","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"23.9%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"\u22123.3 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"8.2%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 24, 2025","value":"$2.128","as_of":"2025-12-24","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$28m","as_of":"2026-07-31","source":"SEC N-PORT, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-02-27","source":"485BPOS XBRL, Feb 27, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/alternatives/heqt-vs-qbul"}