Simplify Enhanced Income ETF (HIGH)
The ETF aims to generate monthly income by selling short-dated put and/or call spreads on various equity and fixed-income instruments, providing an alternative high-yield solution with a low correlation to traditional credit and duration exposure.
ETF Info
| CUSIP | 82889N632 |
|---|---|
| Issuer | Simplify Asset Management Inc. |
| Inception Date | Oct 27, 2022 |
| Category | Derivative Income, Dividend, Actively Managed |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Home Page | www.simplify.us |
| Asset Class | Alternatives |
Expense Ratio
HIGH features an expense ratio of 0.51%, falling within the medium range.
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: HIGH vs. BUCK, HIGH vs. GAU, HIGH vs. JEPQ, HIGH vs. JEPI, HIGH vs. SGOV, HIGH vs. BKLN, HIGH vs. AGG, HIGH vs. TBIL, HIGH vs. SPY, HIGH vs. SJNK
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Simplify Enhanced Income 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 Enhanced Income ETF had a return of 2.80% year-to-date (YTD) and 3.77% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.80% | 25.48% |
| 1 month | 0.90% | 2.14% |
| 6 months | 0.31% | 12.76% |
| 1 year | 3.77% | 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 HIGH, 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 | 0.65% | 0.45% | 0.53% | 0.25% | 1.07% | 0.24% | -0.11% | -1.62% | 0.23% | 0.53% | 2.80% | ||
| 2023 | 0.93% | 0.93% | -0.17% | 0.95% | 0.91% | 0.88% | 0.64% | 0.72% | 0.49% | 0.18% | 0.22% | 0.76% | 7.70% |
| 2022 | -0.12% | -0.04% | 0.43% | 0.27% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HIGH is 33, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Simplify Enhanced Income ETF provided a 8.82% dividend yield over the last twelve months, with an annual payout of $2.08 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $2.08 | $2.31 | $0.16 |
Dividend yield | 8.82% | 9.39% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Enhanced 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.20 | $0.20 | $0.16 | $0.14 | $0.14 | $0.20 | $0.20 | $0.15 | $0.14 | $0.14 | $0.00 | $1.67 | |
| 2023 | $0.15 | $0.15 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.21 | $2.31 |
| 2022 | $0.07 | $0.09 | $0.16 |
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 Enhanced 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 Enhanced Income ETF was 3.39%, occurring on Sep 6, 2024. The portfolio has not yet recovered.
The current Simplify Enhanced Income ETF drawdown is 1.05%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.39% | Aug 6, 2024 | 23 | Sep 6, 2024 | — | — | — |
| -1.96% | Nov 4, 2022 | 20 | Dec 2, 2022 | 26 | Jan 11, 2023 | 46 |
| -1.74% | Jul 11, 2024 | 11 | Jul 25, 2024 | 7 | Aug 5, 2024 | 18 |
| -0.95% | Mar 14, 2023 | 6 | Mar 21, 2023 | 26 | Apr 27, 2023 | 32 |
| -0.77% | Feb 6, 2023 | 4 | Feb 9, 2023 | 2 | Feb 13, 2023 | 6 |
Volatility
Volatility Chart
The current Simplify Enhanced Income ETF volatility is 0.68%, 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.