- ISIN
- US82889N3504
- CUSIP
- 82889N350
- Issuer
- Simplify
- Inception Date
- Apr 14, 2025
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $63M
Share Price Chart
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Performance
XV Performance Chart
Simplify Target 15 Distribution ETF (XV) is up 4.5% since the beginning of the year. XV is currently trading at $25 per share.
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Returns By Period
Simplify Target 15 Distribution ETF (XV) has returned 4.45% so far this year and 13.44% over the past 12 months.
Simplify Target 15 Distribution ETF
- 1D
- -0.06%
- 1M
- 1.80%
- YTD
- 4.45%
- 6M
- 3.07%
- 1Y
- 13.44%
- 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%
XV Monthly Returns History
Based on dividend-adjusted daily data since Apr 15, 2025, XV's average daily return is +0.07%, while the average monthly return is +1.32%. At this rate, an investment would double in approximately 4.4 years.
Historically, 87% of months were positive and 13% were negative. The best month was Apr 2026 with a return of +6.0%, while the worst month was Mar 2026 at -3.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, XV closed higher 53% of trading days. The best single day was Apr 22, 2025 with a return of +4.0%, while the worst single day was Apr 21, 2025 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.66% | -0.47% | -3.77% | 5.95% | 1.05% | 1.18% | 4.45% | ||||||
| 2025 | 3.15% | 0.91% | 5.08% | 0.36% | 2.01% | 1.26% | 1.97% | 0.27% | 0.17% | 16.13% |
Benchmark Metrics
Simplify Target 15 Distribution ETF has an annualized alpha of 0.81%, beta of 0.57, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since April 15, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (50.36%) than losses (41.94%) - typical of diversified or defensive assets.
- Beta of 0.57 may look defensive, but with R2 of 0.49 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 0.49 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.81%
- Beta
- 0.57
- R²
- 0.49
- Upside Capture
- 50.36%
- Downside Capture
- 41.94%
Expense Ratio
XV has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XV ranks 46 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify Target 15 Distribution ETF (XV) 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.
| XV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.78 | -0.43 |
| Martin ratioReturn relative to average drawdown | 8.89 | 12.44 | -3.55 |
Dividends
Dividend History
Simplify Target 15 Distribution ETF provided a 18.99% dividend yield over the last twelve months, with an annual payout of $4.73 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $4.73 | $3.52 |
Dividend yield | 18.99% | 13.87% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Target 15 Distribution 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 | $0.32 | $0.31 | $0.30 | $0.30 | $0.30 | $0.00 | $1.53 | ||||||
| 2025 | $0.32 | $0.33 | $0.33 | $0.33 | $0.33 | $0.33 | $0.33 | $1.22 | $3.52 |
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 Target 15 Distribution 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 Target 15 Distribution ETF was 5.73%, occurring on Mar 30, 2026. Recovery took 18 trading sessions.
The current Simplify Target 15 Distribution ETF drawdown is 0.06%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -5.73%Mar 2026 | 2mo 1d | 25d | 2mo 26dJan 2026 - Apr 2026 |
2025 pullback2025 | -3.27%Nov 2025 | 23d | 12d | 1mo 5dOct 2025 - Dec 2025 |
2025 selloff2025 | -3.12%May 2025 | 9d | 15d | 24dMay 2025 - Jun 2025 |
2025 selloff2025 | -3.11%Apr 2025 | 0s | 1d | 1dApr 2025 - Apr 2025 |
2025 pullback2025 | -2.22%Jul 2025 | 8d | 28d | 1mo 6dJul 2025 - Aug 2025 |
Drawdown Indicators
| XV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.73% | -56.78% | +51.05% |
Max Drawdown (1Y)Largest decline over 1 year | -5.73% | -9.10% | +3.37% |
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 | -0.06% | -1.80% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -10.71% | +9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 2.03% | -0.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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