- CUSIP
- 82889N632
- Issuer
- Simplify
- Inception Date
- Oct 27, 2022
- Category
- Derivative Income, Dividend
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $72M
Share Price Chart
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Performance
HIGH Performance Chart
Simplify Enhanced Income ETF (HIGH) is up 0.0% since the beginning of the year. HIGH is currently trading at $22 per share.
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Returns By Period
Simplify Enhanced Income ETF (HIGH) has returned 0.03% so far this year and -0.59% over the past 12 months.
Simplify Enhanced Income ETF
- 1D
- 0.32%
- 1M
- 0.92%
- YTD
- 0.03%
- 6M
- -0.19%
- 1Y
- -0.59%
- 3Y*
- 3.00%
- 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%
HIGH Monthly Returns History
Based on dividend-adjusted daily data since Oct 28, 2022, HIGH's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2025 with a return of +9.0%, while the worst month was Jul 2025 at -3.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, HIGH closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +10.9%, while the worst single day was Apr 3, 2025 at -3.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.86% | -1.16% | -0.90% | 1.05% | 1.57% | 0.36% | 0.03% | ||||||
| 2025 | 1.65% | -3.03% | -1.99% | 9.00% | 1.53% | 1.94% | -3.77% | 0.52% | 0.52% | 0.94% | -0.46% | -2.01% | 4.35% |
| 2024 | 0.65% | 0.45% | 0.53% | 0.25% | 1.07% | 0.24% | -0.11% | -1.62% | 0.23% | 0.53% | 1.15% | -1.83% | 1.52% |
| 2023 | 0.93% | 0.93% | -0.17% | 0.95% | 0.91% | 0.89% | 0.64% | 0.72% | 0.48% | 0.18% | 0.22% | 0.76% | 7.70% |
| 2022 | 0.08% | -0.04% | 0.43% | 0.47% |
Benchmark Metrics
Simplify Enhanced Income ETF has an annualized alpha of -1.80%, beta of 0.30, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since October 28, 2022.
- This ETF captured 9.20% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.20%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.30 may look defensive, but with R2 of 0.25 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 0.25 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
- -1.80%
- Beta
- 0.30
- R²
- 0.25
- Upside Capture
- 9.20%
- Downside Capture
- -4.20%
Expense Ratio
HIGH has an expense ratio of 0.51%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HIGH ranks 8 for risk / return — in the bottom 8% 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 Enhanced Income ETF (HIGH) 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.
| HIGH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.37 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.78 | -2.85 |
| Martin ratioReturn relative to average drawdown | -0.09 | 12.44 | -12.53 |
Dividends
Dividend History
Simplify Enhanced Income ETF provided a 7.30% dividend yield over the last twelve months, with an annual payout of $1.59 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.59 | $1.72 | $1.92 | $2.31 | $0.16 |
Dividend yield | 7.30% | 7.71% | 8.34% | 9.40% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.12 | $0.11 | $0.10 | $0.10 | $0.10 | $0.00 | $0.53 | ||||||
| 2025 | $0.11 | $0.10 | $0.10 | $0.15 | $0.20 | $0.16 | $0.16 | $0.16 | $0.15 | $0.15 | $0.15 | $0.13 | $1.72 |
| 2024 | $0.20 | $0.20 | $0.16 | $0.14 | $0.14 | $0.20 | $0.20 | $0.15 | $0.14 | $0.14 | $0.14 | $0.11 | $1.92 |
| 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.
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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 9.50%, occurring on Mar 26, 2026. The portfolio has not yet recovered.
The current Simplify Enhanced Income ETF drawdown is 6.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -9.50%Mar 2026 | 8mo 22d | — | 11mo 21dJul 2025 - now |
2025 selloff2025 | -8.59%Apr 2025 | 3mo 21d | 2d | 3mo 23dDec 2024 - Apr 2025 |
2025 selloff2025 | -5.59%Jun 2025 | 1mo 1d | 13d | 1mo 14dMay 2025 - Jul 2025 |
2024 pullback2024 | -3.39%Sep 2024 | 1mo 1d | 3mo 6d | 4mo 7dAug 2024 - Dec 2024 |
2025 selloff2025 | -3.03%Apr 2025 | 6d | 8d | 14dApr 2025 - Apr 2025 |
Drawdown Indicators
| HIGH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -56.78% | +47.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -9.10% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -9.50% | -18.90% | +9.40% |
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 | -6.74% | -1.80% | -4.94% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -10.71% | +8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.71% | 2.03% | +4.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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