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Simplify Market Neutral Equity Long/Short ETF (EQL...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

IssuerSimplify
Inception DateJun 13, 2023
CategoryLong-Short
Leveraged1x
Index TrackedNo Index (Active)
Asset ClassEquity

Expense Ratio

EQLS has a high expense ratio of 1.00%, indicating higher-than-average management fees.


Expense ratio chart for EQLS: current value at 1.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.00%

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. XLK, EQLS vs. DBC, 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.


-5.00%0.00%5.00%10.00%15.00%MayJuneJulyAugustSeptemberOctober
-5.44%
16.01%
EQLS (Simplify Market Neutral Equity Long/Short ETF)
Benchmark (^GSPC)

Returns By Period

Simplify Market Neutral Equity Long/Short ETF had a return of -0.06% year-to-date (YTD) and -6.06% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date-0.06%22.85%
1 month0.35%4.16%
6 months-4.79%15.77%
1 year-6.06%35.40%
5 years (annualized)N/A14.46%
10 years (annualized)N/A12.04%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20246.29%0.44%-1.71%-2.31%-1.07%4.99%-3.09%-2.38%-2.60%-0.06%
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.


The Risk-Adjusted Performance Rank of EQLS is 22
Combined Rank
The Sharpe Ratio Rank of EQLS is 22Sharpe Ratio Rank
The Sortino Ratio Rank of EQLS is 22Sortino Ratio Rank
The Omega Ratio Rank of EQLS is 22Omega Ratio Rank
The Calmar Ratio Rank of EQLS is 11Calmar Ratio Rank
The Martin Ratio Rank of EQLS is 22Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


EQLS
Sharpe ratio
The chart of Sharpe ratio for EQLS, currently valued at -0.50, compared to the broader market0.002.004.00-0.50
Sortino ratio
The chart of Sortino ratio for EQLS, currently valued at -0.63, compared to the broader market0.005.0010.00-0.63
Omega ratio
The chart of Omega ratio for EQLS, currently valued at 0.93, compared to the broader market1.001.502.002.503.000.93
Calmar ratio
The chart of Calmar ratio for EQLS, currently valued at -0.49, compared to the broader market0.005.0010.0015.00-0.49
Martin ratio
The chart of Martin ratio for EQLS, currently valued at -0.95, compared to the broader market0.0020.0040.0060.0080.00100.00-0.95
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.78, compared to the broader market0.002.004.002.78
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.70, compared to the broader market0.005.0010.003.70
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.50, compared to the broader market1.001.502.002.503.001.50
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.45, compared to the broader market0.005.0010.0015.002.45
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 16.98, compared to the broader market0.0020.0040.0060.0080.00100.0016.98

Sharpe Ratio

The current Simplify Market Neutral Equity Long/Short ETF Sharpe ratio is -0.50. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Simplify Market Neutral Equity Long/Short ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00Jun 23Jun 30Jul 07Jul 14Jul 21Jul 28Aug 04Aug 11Aug 18Aug 25SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13
-0.50
2.78
EQLS (Simplify Market Neutral Equity Long/Short ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Simplify Market Neutral Equity Long/Short ETF granted a 9.49% dividend yield in the last twelve months. The annual payout for that period amounted to $2.09 per share.


PeriodTTM2023
Dividend$2.09$1.89

Dividend yield

9.49%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.10$0.00$0.00$0.10$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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%MayJuneJulyAugustSeptemberOctober
-8.74%
0
EQLS (Simplify Market Neutral Equity Long/Short ETF)
Benchmark (^GSPC)

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 11.11%, occurring on Oct 1, 2024. The portfolio has not yet recovered.

The current Simplify Market Neutral Equity Long/Short ETF drawdown is 8.74%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-11.11%Feb 12, 2024161Oct 1, 2024
-8.9%Oct 26, 202335Dec 14, 202337Feb 8, 202472
-6.09%Jun 16, 202330Jul 31, 202349Oct 9, 202379
-0.88%Oct 10, 20232Oct 11, 20231Oct 12, 20233
-0.84%Oct 24, 20231Oct 24, 20231Oct 25, 20232

Volatility

Volatility Chart

The current Simplify Market Neutral Equity Long/Short ETF volatility is 3.15%, 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.


2.00%3.00%4.00%5.00%6.00%MayJuneJulyAugustSeptemberOctober
3.15%
2.86%
EQLS (Simplify Market Neutral Equity Long/Short ETF)
Benchmark (^GSPC)