- Issuer
- Simplify
- Inception Date
- Mar 4, 2024
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $7M
Share Price Chart
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Performance
IOPP Performance Chart
Simplify Tara India Opportunities ETF (IOPP) is down 3.6% since the beginning of the year. IOPP is currently trading at $26 per share.
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Returns By Period
Simplify Tara India Opportunities ETF (IOPP) has returned -3.61% so far this year and -0.70% over the past 12 months.
Simplify Tara India Opportunities ETF
- 1D
- 0.87%
- 1M
- 5.24%
- YTD
- -3.61%
- 6M
- -3.29%
- 1Y
- -0.70%
- 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%
IOPP Monthly Returns History
Based on dividend-adjusted daily data since Mar 5, 2024, IOPP's average daily return is +0.03%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.
Historically, 64% of months were positive and 36% were negative. The best month was Mar 2025 with a return of +8.1%, while the worst month was Mar 2026 at -9.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IOPP closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +5.2%, while the worst single day was Apr 4, 2025 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.78% | 1.42% | -9.86% | 6.36% | 0.95% | 3.14% | -3.61% | ||||||
| 2025 | -5.94% | -8.42% | 8.14% | 4.01% | 3.03% | 2.89% | -1.83% | 1.54% | -1.41% | 1.52% | -0.98% | 0.38% | 1.86% |
| 2024 | 0.08% | 3.24% | 1.02% | 7.85% | 3.53% | 3.98% | 3.26% | -5.60% | -1.22% | -2.05% | 14.31% |
Benchmark Metrics
Simplify Tara India Opportunities ETF has an annualized alpha of -2.16%, beta of 0.49, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since March 05, 2024.
- This ETF participated in 33.63% of S&P 500 Index downside but only 26.46% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.49 may look defensive, but with R2 of 0.21 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 0.21 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
- -2.16%
- Beta
- 0.49
- R²
- 0.21
- Upside Capture
- 26.46%
- Downside Capture
- 33.63%
Expense Ratio
IOPP has an expense ratio of 0.73%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IOPP 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 Tara India Opportunities ETF (IOPP) 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.
| IOPP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.78 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.09 | 12.44 | -12.53 |
Dividends
Dividend History
Simplify Tara India Opportunities ETF provided a 0.19% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.05 | $0.08 | $1.86 |
Dividend yield | 0.19% | 0.29% | 6.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Tara India Opportunities 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 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2024 | $1.86 | $1.86 |
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 Tara India Opportunities 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 Tara India Opportunities ETF was 23.67%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Simplify Tara India Opportunities ETF drawdown is 11.96%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -23.67%Mar 2026 | 1y 6mo | — | 1y 9moSep 2024 - now |
2024 pullback2024 | -4.60%Mar 2024 | 11d | 14d | 25dMar 2024 - Apr 2024 |
2024 pullback2024 | -3.91%Aug 2024 | 6d | 11d | 17dJul 2024 - Aug 2024 |
2024 pullback2024 | -3.71%Jun 2024 | 0s | 3d | 3dJun 2024 - Jun 2024 |
2024 pullback2024 | -2.34%Apr 2024 | 5d | 8d | 13dApr 2024 - Apr 2024 |
Drawdown Indicators
| IOPP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.67% | -56.78% | +33.11% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -9.10% | -10.32% |
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 | -11.96% | -1.80% | -10.16% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -10.71% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.57% | 2.03% | +5.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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