Data as of .
HEQT vs XTR: which moved less with stocks?
Over the year to Sep 18, 2026, HEQT moved less with the S&P 500 than XTR: correlation +0.94 against +0.99.
ETFIQ Diversifier Score: HEQT scores higher
How much does it diversify a stock portfolio?
A percentile among the 63 alternatives ETFs with a full year. It is a position in a set, not a rating, and neither end of it is a recommendation. All alternatives ETFs ranked by it · How it is computed
One strategy, two funds
HEQT and XTR both run a hedged equity strategy. Over the same 52 weeks to Sep 18, 2026, HEQT’s weekly returns had a correlation of +0.94 with the S&P 500 and XTR’s +0.99. In the 22 weeks the index fell, by 1.24% a week on average, HEQT averaged −0.56% and XTR −1.20%. Over the same weeks, HEQT finished 7.8 percentage points ahead of cash and XTR finished 7.8 points ahead of cash.
Performance, window by window
| Window | Total return | vs the S&P 500 | ||
|---|---|---|---|---|
| HEQT | XTR | HEQT | XTR | |
| 3 months | +2.6% | +1.2% | +0.4 pts | −1.0 pts |
| 6 months | +10.4% | +15.0% | −7.6 pts | −3.0 pts |
| 1 year | +11.6% | +12.0% | −5.0 pts | −4.6 pts |
| 3 years | +46.6% | +62.1% | −31.8 pts | −16.3 pts |
| Since launch | +53.4% | +57.9% | −23.0 pts | −25.3 pts |
| HEQT Simplify Hedged Equity ETF Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options | XTR Global X S&P 500 Tail Risk ETF Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options | |
|---|---|---|
| Issuer | Simplify | Global X |
| Strategy | Hedged equity | Hedged equity |
| Correlation with the S&P 500 | +0.94 | +0.99 |
| Beta to the S&P 500 | +0.50 | +0.90 |
| Down-week capture | 45.1% | 96.7% |
| Average week when the S&P 500 fell | −0.56% | −1.20% |
| The S&P 500 in those weeks | −1.24% | −1.24% |
| Total return, same 52 weeks | +11.5% | +11.4% |
| Against T-bills, percentage points | +7.8 pts | +7.8 pts |
| Expense ratio | 0.43% | 0.25% |
| Listed | Nov 2, 2021 | Aug 26, 2021 |
| Net assets | $293m | $5m |
HEQT in plain words
HEQT is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Sep 18, 2026, its weekly returns had a correlation of +0.94 with the S&P 500’s and a beta of +0.50, so for each 1% the index moved it moved about 0.50% the same way. The S&P 500 fell in 22 of those 52 weeks, by 1.24% on average. In the same weeks HEQT fell 0.56% on average, a down-week capture of 45.1%. Over the same 52 weeks HEQT returned +11.5% and a Treasury bill fund +3.6%, so it finished 7.8 percentage points ahead of cash.
XTR in plain words
XTR is a hedged equity fund. Over the year to Sep 18, 2026, its weekly returns had a correlation of +0.99 with the S&P 500’s and a beta of +0.90, so for each 1% the index moved it moved about 0.90% the same way. In the same weeks XTR fell 1.20% on average, a down-week capture of 96.7%. Over the same 52 weeks XTR returned +11.4% and a Treasury bill fund +3.6%, so it finished 7.8 percentage points ahead of cash.
Questions people ask
- Which moved less with the S&P 500, HEQT or XTR?
- Over the 52 weeks to Sep 18, 2026, HEQT’s weekly returns had a correlation of +0.94 with the S&P 500 and XTR’s +0.99, so HEQT moved less with the index.
- Which did better when the S&P 500 fell, HEQT or XTR?
- In the 22 weeks the S&P 500 fell, by 1.24% a week on average, HEQT averaged −0.56% and XTR −1.20%, so HEQT returned more in those weeks.
- Which earned more than cash, HEQT or XTR?
- Over the same weeks, HEQT finished 7.8 percentage points ahead of cash and XTR finished 7.8 percentage points ahead of cash, level with each other at the precision this page prints.
- Which is cheaper, HEQT or XTR?
- HEQT charges 0.43% a year and XTR charges 0.25%, so XTR is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, HEQT against XTR, data as of Sep 18, 2026. https://etfiq.com/compare/alternatives/heqt-vs-xtr Free to use with attribution; the underlying files are at Open data.