- ISIN
- US97717X6931
- Issuer
- Simplify
- Inception Date
- Jun 26, 2023
- Region
- Global (Broad)
- Category
- Multisector Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $36M
Share Price Chart
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Performance
CRDT Performance Chart
Simplify Opportunistic Income ETF (CRDT) is up 1.3% since the beginning of the year. CRDT is currently trading at $23 per share.
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Returns By Period
Simplify Opportunistic Income ETF (CRDT) has returned 1.29% so far this year and 0.38% over the past 12 months.
Simplify Opportunistic Income ETF
- 1D
- -1.36%
- 1M
- 0.68%
- YTD
- 1.29%
- 6M
- 1.90%
- 1Y
- 0.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CRDT Monthly Returns History
Based on dividend-adjusted daily data since Jun 27, 2023, CRDT's average daily return is +0.02%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2026 with a return of +3.2%, while the worst month was May 2025 at -3.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, CRDT closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +2.0%, while the worst single day was Mar 20, 2026 at -2.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | 0.82% | -3.13% | 3.15% | 3.06% | -2.82% | 1.29% | ||||||
| 2025 | 1.78% | 2.84% | -1.21% | 0.35% | -3.86% | -1.33% | 0.40% | 1.44% | -1.09% | -1.06% | 1.14% | 0.12% | -0.67% |
| 2024 | 0.00% | 1.02% | -1.29% | -1.04% | 0.58% | 0.66% | 2.65% | 1.03% | 0.63% | -1.07% | 1.12% | 0.85% | 5.19% |
| 2023 | -0.02% | 0.68% | 1.19% | 0.42% | -1.69% | 2.34% | 2.23% | 5.20% |
Benchmark Metrics
Simplify Opportunistic Income ETF has an annualized alpha of -0.10%, beta of 0.20, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since June 27, 2023.
- This ETF participated in 15.90% of S&P 500 Index downside but only 14.56% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.20 may look defensive, but with R2 of 0.18 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.18 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.10%
- Beta
- 0.20
- R²
- 0.18
- Upside Capture
- 14.56%
- Downside Capture
- 15.90%
Expense Ratio
CRDT has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CRDT ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify Opportunistic Income ETF (CRDT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRDT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.37 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 2.78 | -2.73 |
| Martin ratioReturn relative to average drawdown | 0.16 | 12.44 | -12.28 |
Dividends
Dividend History
Simplify Opportunistic Income ETF provided a 6.37% dividend yield over the last twelve months, with an annual payout of $1.47 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.47 | $1.64 | $1.83 | $0.66 |
Dividend yield | 6.37% | 7.04% | 7.29% | 2.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Opportunistic Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.12 | $0.11 | $0.10 | $0.10 | $0.10 | $0.00 | $0.53 | ||||||
| 2025 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.13 | $0.13 | $1.64 |
| 2024 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.16 | $0.16 | $0.16 | $0.16 | $0.15 | $0.14 | $1.83 |
| 2023 | $0.10 | $0.10 | $0.15 | $0.15 | $0.16 | $0.66 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify Opportunistic Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Simplify Opportunistic Income ETF was 9.80%, occurring on Mar 20, 2026. The portfolio has not yet recovered.
The current Simplify Opportunistic Income ETF drawdown is 3.88%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -9.80%Mar 2026 | 1y 17d | — | 1y 3moMar 2025 - now |
2024 pullback2024 | -2.86%May 2024 | 2mo 26d | 2mo 1d | 4mo 27dMar 2024 - Jul 2024 |
2023 pullback2023 | -2.05%Oct 2023 | 1mo 12d | 18d | 2moSep 2023 - Nov 2023 |
2024 pullback2024 | -1.81%Oct 2024 | 15d | 2mo 1d | 2mo 16dOct 2024 - Dec 2024 |
2024 pullback2024 | -1.69%Oct 2024 | 14d | 6d | 20dSep 2024 - Oct 2024 |
Drawdown Indicators
| CRDT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.80% | -56.78% | +46.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -9.10% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.88% | -1.80% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -10.71% | +8.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.03% | +0.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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