- ISIN
- US82889N6242
- Issuer
- Simplify
- Inception Date
- Feb 7, 2023
- Category
- Health & Biotech Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
- Assets Under Management
- $73M
Share Price Chart
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Performance
SURI Performance Chart
Simplify Propel Opportunities ETF (SURI) is up 6.9% since the beginning of the year. SURI is currently trading at $17 per share.
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Returns By Period
Simplify Propel Opportunities ETF (SURI) has returned 6.85% so far this year and 25.72% over the past 12 months.
Simplify Propel Opportunities ETF
- 1D
- 0.32%
- 1M
- -3.52%
- YTD
- 6.85%
- 6M
- 6.96%
- 1Y
- 25.72%
- 3Y*
- 6.38%
- 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%
SURI Monthly Returns History
Based on dividend-adjusted daily data since Feb 8, 2023, SURI's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 51% of months were positive and 49% were negative. The best month was Feb 2024 with a return of +24.1%, while the worst month was Dec 2024 at -17.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SURI closed higher 52% of trading days. The best single day was Sep 18, 2024 with a return of +9.2%, while the worst single day was Nov 29, 2024 at -17.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.79% | 4.54% | -6.14% | 9.30% | 4.11% | -3.53% | 6.85% | ||||||
| 2025 | 16.02% | -6.46% | -3.93% | -4.72% | -0.38% | 10.90% | -2.39% | 7.80% | -0.12% | 10.22% | 5.12% | -3.98% | 28.32% |
| 2024 | 1.67% | 24.09% | 0.43% | -14.92% | 3.11% | 4.34% | 9.73% | 0.59% | 0.97% | -2.46% | -16.94% | -17.25% | -13.34% |
| 2023 | -3.13% | -13.46% | 12.01% | -3.14% | 6.07% | 0.65% | -2.51% | -3.45% | -7.81% | 5.64% | 9.10% | -2.87% |
Benchmark Metrics
Simplify Propel Opportunities ETF has an annualized alpha of -6.01%, beta of 0.78, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since February 08, 2023.
- This ETF participated in 181.59% of S&P 500 Index downside but only 98.23% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.17 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
- -6.01%
- Beta
- 0.78
- R²
- 0.17
- Upside Capture
- 98.23%
- Downside Capture
- 181.59%
Expense Ratio
SURI has a high expense ratio of 2.51%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SURI ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) 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.
| SURI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.78 | -0.59 |
| Martin ratioReturn relative to average drawdown | 5.84 | 12.44 | -6.60 |
Dividends
Dividend History
Simplify Propel Opportunities ETF provided a 15.93% dividend yield over the last twelve months, with an annual payout of $2.72 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $2.72 | $2.72 | $3.29 | $3.04 |
Dividend yield | 15.93% | 16.31% | 21.41% | 14.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Propel 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 | $0.68 | $0.00 | $0.00 | $0.00 | $0.68 | ||||||
| 2025 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.68 | $2.72 |
| 2024 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.68 | $3.29 |
| 2023 | $1.00 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.68 | $3.04 |
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 Propel 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 Propel Opportunities ETF was 47.76%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Simplify Propel Opportunities ETF drawdown is 16.88%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -47.76%Apr 2025 | 5mo 1d | — | 1y 7moNov 2024 - now |
2023 correction2023 | -19.44%Oct 2023 | 8mo 13d | 3mo 18d | 12mo 1dFeb 2023 - Feb 2024 |
2024 correction2024 | -16.81%Apr 2024 | 1mo 22d | 2mo 21d | 4mo 13dMar 2024 - Jul 2024 |
2024 correction2024 | -12.52%Sep 2024 | 1mo 27d | 1mo 20d | 3mo 17dJul 2024 - Nov 2024 |
2024 pullback2024 | -2.96%Feb 2024 | 0s | 2d | 2dFeb 2024 - Feb 2024 |
Drawdown Indicators
| SURI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.76% | -56.78% | +9.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.78% | -9.10% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -47.76% | -18.90% | -28.86% |
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 | -16.88% | -1.80% | -15.08% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -10.71% | -6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 2.03% | +2.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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