- Delisting Date
- May 27, 2025
- Issuer
- Simplify
- Inception Date
- Jun 13, 2023
- Category
- Long-Short
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $4M
Share Price Chart
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Performance
EQLS Performance Chart
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Returns By Period
Simplify Market Neutral Equity Long/Short ETF
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 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%
EQLS Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.54% | -2.07% | -1.13% | 2.40% | 3.07% | 6.82% | |||||||
| 2024 | 6.29% | 0.44% | -1.71% | -2.31% | -1.07% | 4.99% | -3.09% | -2.38% | -2.60% | -1.32% | -1.58% | -0.11% | -4.82% |
| 2023 | -1.73% | -4.15% | 1.93% | 3.16% | 3.59% | -4.56% | -1.63% | -3.67% |
Benchmark Metrics
Simplify Market Neutral Equity Long/Short ETF has an annualized alpha of -1.01%, beta of 0.05, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 14, 2023.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -18.95%), but participation in market rallies was also limited (-8.81%) - a profile typical of counter-cyclical assets.
- Beta of 0.05 may look defensive, but with R2 of 0.00 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 0.00 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
- -1.01%
- Beta
- 0.05
- R²
- 0.00
- Upside Capture
- -8.81%
- Downside Capture
- -18.95%
Expense Ratio
EQLS has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify Market Neutral Equity Long/Short ETF (EQLS) 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.
| EQLS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Simplify Market Neutral Equity Long/Short ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 |
|---|---|---|---|
| Dividend | $0.00 | $0.20 | $1.89 |
Dividend yield | 0.00% | 0.95% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $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.
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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 16.24%, occurring on Mar 10, 2025. The portfolio has not yet recovered.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -16.24%Mar 2025 | 1y 27d | — | 2y 4moFeb 2024 - now |
2023 pullback2023 | -8.90%Dec 2023 | 1mo 19d | 1mo 26d | 3mo 15dOct 2023 - Feb 2024 |
2023 pullback2023 | -6.09%Jul 2023 | 1mo 15d | 2mo 10d | 3mo 25dJun 2023 - Oct 2023 |
2023 pullback2023 | -0.87%Oct 2023 | 1d | 1d | 2dOct 2023 - Oct 2023 |
2023 pullback2023 | -0.84%Oct 2023 | 0s | 1d | 1dOct 2023 - Oct 2023 |
Drawdown Indicators
| EQLS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
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 | — | -1.80% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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