EQLS vs. SPY
Compare and contrast key facts about Simplify Market Neutral Equity Long/Short ETF (EQLS) and SPDR S&P 500 ETF (SPY).
EQLS and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQLS is an actively managed fund by Simplify. It was launched on Jun 13, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQLS or SPY.
Key characteristics
| EQLS | SPY | |
|---|---|---|
| YTD Return | -2.60% | 26.49% |
| 1Y Return | -6.13% | 38.06% |
| Sharpe Ratio | -0.49 | 3.11 |
| Sortino Ratio | -0.62 | 4.14 |
| Omega Ratio | 0.93 | 1.58 |
| Calmar Ratio | -0.45 | 4.54 |
| Martin Ratio | -0.87 | 20.57 |
| Ulcer Index | 6.02% | 1.86% |
| Daily Std Dev | 10.68% | 12.29% |
| Max Drawdown | -11.68% | -55.19% |
| Current Drawdown | -11.06% | 0.00% |
Correlation
The correlation between EQLS and SPY is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EQLS vs. SPY - Performance Comparison
In the year-to-date period, EQLS achieves a -2.60% return, which is significantly lower than SPY's 26.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EQLS vs. SPY - Expense Ratio Comparison
EQLS has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EQLS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Market Neutral Equity Long/Short ETF (EQLS) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
EQLS vs. SPY - Dividend Comparison
EQLS's dividend yield for the trailing twelve months is around 9.73%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQLS Simplify Market Neutral Equity Long/Short ETF | 9.73% | 8.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
EQLS vs. SPY - Drawdown Comparison
The maximum EQLS drawdown since its inception was -11.68%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EQLS and SPY. For additional features, visit the drawdowns tool.
Volatility
EQLS vs. SPY - Volatility Comparison
The current volatility for Simplify Market Neutral Equity Long/Short ETF (EQLS) is 2.37%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that EQLS experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.