Simplify Market Neutral Equity Long/Short ETF (EQLS)
EQLS is an actively managed ETF by Simplify. EQLS launched on Jun 13, 2023 and has a 1.00% expense ratio.
ETF Info
| Issuer | Simplify |
|---|---|
| Inception Date | Jun 13, 2023 |
| Category | Long-Short |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
EQLS has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: EQLS vs. CTA, EQLS vs. QLEIX, EQLS vs. DBEH, EQLS vs. SPY, EQLS vs. FLSP, EQLS vs. QIS, EQLS vs. MAFIX, EQLS vs. DBC, EQLS vs. XLK, EQLS vs. IOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Simplify Market Neutral Equity Long/Short ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Simplify Market Neutral Equity Long/Short ETF had a return of -1.31% year-to-date (YTD) and -4.55% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.31% | 25.48% |
| 1 month | -1.24% | 2.14% |
| 6 months | -3.77% | 12.76% |
| 1 year | -4.55% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of EQLS, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 6.29% | 0.44% | -1.71% | -2.31% | -1.07% | 4.99% | -3.09% | -2.38% | -2.60% | -1.32% | -1.31% | ||
| 2023 | -1.69% | -4.16% | 1.93% | 3.16% | 3.60% | -4.56% | -1.63% | -3.63% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EQLS is 2, indicating that it is in the bottom 2% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Simplify Market Neutral Equity Long/Short ETF (EQLS) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Simplify Market Neutral Equity Long/Short ETF provided a 9.60% dividend yield over the last twelve months, with an annual payout of $2.09 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $2.09 | $1.89 |
Dividend yield | 9.60% | 8.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Market Neutral Equity Long/Short 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.20 | |
| 2023 | $1.89 | $1.89 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify Market Neutral Equity Long/Short 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 Market Neutral Equity Long/Short ETF was 11.68%, occurring on Nov 4, 2024. The portfolio has not yet recovered.
The current Simplify Market Neutral Equity Long/Short ETF drawdown is 9.88%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.68% | Feb 12, 2024 | 185 | Nov 4, 2024 | — | — | — |
| -8.9% | Oct 26, 2023 | 35 | Dec 14, 2023 | 37 | Feb 8, 2024 | 72 |
| -6.09% | Jun 16, 2023 | 30 | Jul 31, 2023 | 49 | Oct 9, 2023 | 79 |
| -0.88% | Oct 10, 2023 | 2 | Oct 11, 2023 | 1 | Oct 12, 2023 | 3 |
| -0.84% | Oct 24, 2023 | 1 | Oct 24, 2023 | 1 | Oct 25, 2023 | 2 |
Volatility
Volatility Chart
The current Simplify Market Neutral Equity Long/Short ETF volatility is 2.81%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.