PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Simplify Enhanced Income ETF (HIGH) Sharpe Ratio: -0.43

ETF · Currency in USD · Last updated Jul 14, 2026

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.

HIGH's Sharpe Ratio of -0.43 indicates that for each unit of volatility, it generates -0.43 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HIGH Sharpe Ratio Rank

HIGH Sharpe Ratio Rank: 5.56
Concerning

HIGH ranks above 5.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

HIGH Sharpe Ratio Market Positioning

The chart shows HIGH's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.73 or lower
  • Yellow zone (middle 50%): 0.73 to 1.90
  • Green zone (top 25%): 1.90 or higher
  • Top 1%: 6.55+
  • Median: 1.39 — half of all investments score higher

How it compares to other similar ETFs

The table compares Simplify Enhanced Income ETF's Sharpe Ratio with other ETFs in the Derivative Income, Dividend category across multiple time periods, showing how HIGH's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
AMDYYieldMax AMD Option Income Strategy ETF3.34
LVHIFranklin International Low Volatility High Dividend Index ETF3.31
GOOYYieldMax GOOGL Option Income Strategy ETF3.12
CHPYYieldMax Semiconductor Portfolio Option Income ETF3.08
THTASoFi Enhanced Yield ETF2.68
GOOPKurv Yield Premium Strategy Google ETF2.59
DEWWisdomTree Global High Dividend Fund2.59
BUCKSimplify Treasury Option Income ETF2.53
FTQIFirst Trust Nasdaq BuyWrite Income ETF2.52
ALTYGlobal X Alternative Income ETF2.52
HIGHSimplify Enhanced Income ETF-0.43

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HIGH's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HIGH consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does HIGH fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio