FRIZ vs. HIGH

Last updated Jun 6, 2026

FRIZ (Franklin Dividend Growth ETF) and HIGH (Simplify Enhanced Income ETF) are both exchange-traded funds - FRIZ is a Dividend fund actively managed by Franklin Templeton, while HIGH is a Derivative Income fund actively managed by Simplify. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. FRIZ charges 0.49%/yr vs 0.51%/yr for HIGH.

Performance

FRIZ vs. HIGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Dividend Growth ETF (FRIZ) and Simplify Enhanced Income ETF (HIGH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRIZ achieves a 2.78% return, which is significantly higher than HIGH's -1.32% return.

FRIZ

• 1D: -0.76%
• 1M: 1.07%
• YTD: 2.78%
• 6M: 2.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HIGH

• 1D: -0.76%
• 1M: 0.07%
• YTD: -1.32%
• 6M: -2.15%
• 1Y: -3.65%
• 3Y*: 2.64%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FRIZ vs. HIGH - Yearly Performance Comparison

	2026 (YTD)	2025
FRIZ Franklin Dividend Growth ETF	2.78%	3.14%
HIGH Simplify Enhanced Income ETF	-1.32%	-1.02%

Correlation

The correlation between FRIZ and HIGH is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 2, 2025	0.55

Return for Risk

FRIZ vs. HIGH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIGH

HIGH Risk / Return Rank: 5
HIGH Sharpe Ratio Rank: 5
HIGH Sortino Ratio Rank: 5
HIGH Omega Ratio Rank: 5
HIGH Calmar Ratio Rank: 6
HIGH Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FRIZ vs. HIGH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Dividend Growth ETF (FRIZ) and Simplify Enhanced Income ETF (HIGH). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FRIZ	HIGH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.36	+0.43

Drawdowns

FRIZ vs. HIGH - Drawdown Comparison

The maximum FRIZ drawdown since its inception was -7.84%, smaller than the maximum HIGH drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for FRIZ and HIGH.

Drawdown Indicators

	FRIZ	HIGH	Difference
Max Drawdown Largest peak-to-trough decline	-7.84%	-9.50%	+1.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.50%	—
Current Drawdown Current decline from peak	-0.76%	-7.99%	+7.23%
Average Drawdown Average peak-to-trough decline	-1.47%	-2.39%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.56%	—

Volatility

Volatility by Period

	FRIZ	HIGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.15%	8.85%	+1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.15%	9.56%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.15%	9.56%	+0.59%

FRIZ vs. HIGH - Expense Ratio Comparison

FRIZ has a 0.49% expense ratio, which is lower than HIGH's 0.51% expense ratio.

Dividends

FRIZ vs. HIGH - Dividend Comparison

FRIZ's dividend yield for the trailing twelve months is around 0.50%, less than HIGH's 7.40% yield.

Position	TTM	2025	2024	2023	2022
FRIZ Franklin Dividend Growth ETF	0.50%	0.34%	0.00%	0.00%	0.00%
HIGH Simplify Enhanced Income ETF	7.40%	7.71%	8.34%	9.40%	0.62%

Frequently Asked Questions

Can I hold both FRIZ and HIGH in my portfolio?

FRIZ and HIGH have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FRIZ or HIGH?

On fees, FRIZ is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FRIZ or HIGH?

FRIZ is cheaper with a 0.49% expense ratio, compared with 0.51% for HIGH.

Which ETF pays a higher dividend yield, FRIZ or HIGH?

HIGH has the higher dividend yield at 7.40%, compared with 0.50% for FRIZ.

What is the main difference between FRIZ and HIGH?

FRIZ is categorized as Dividend, while HIGH is Derivative Income. They also come from different issuers: Franklin Templeton and Simplify. Their fees differ too: 0.49% for FRIZ and 0.51% for HIGH.