HIGH vs. BUYW
HIGH (Simplify Enhanced Income ETF) and BUYW (Main Buywrite ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, HIGH returned 2.72%/yr vs 8.68%/yr for BUYW. At a 0.26 correlation, their price movements are largely independent. HIGH charges 0.51%/yr vs 1.29%/yr for BUYW.
Performance
HIGH vs. BUYW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HIGH achieves a -0.79% return, which is significantly lower than BUYW's 3.75% return.
HIGH
- 1D
- -0.82%
- 1M
- 0.09%
- YTD
- -0.79%
- 6M
- -1.67%
- 1Y
- -1.43%
- 3Y*
- 2.72%
- 5Y*
- —
- 10Y*
- —
BUYW
- 1D
- 0.35%
- 1M
- 0.35%
- YTD
- 3.75%
- 6M
- 4.11%
- 1Y
- 9.91%
- 3Y*
- 8.68%
- 5Y*
- —
- 10Y*
- —
HIGH vs. BUYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | -0.79% | 4.35% | 1.52% | 7.70% | 0.47% |
BUYW Main Buywrite ETF | 3.75% | 9.08% | 9.82% | 12.80% | 4.88% |
Correlation
The correlation between HIGH and BUYW is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.26 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HIGH vs. BUYW — Risk / Return Rank
HIGH
BUYW
HIGH vs. BUYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) and Main Buywrite ETF (BUYW). 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.
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.
| HIGH | BUYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.41 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 3.84 | -3.99 |
| Martin ratioReturn relative to average drawdown | -0.21 | 20.54 | -20.75 |
Loading charts...
Drawdowns
HIGH vs. BUYW - Drawdown Comparison
The maximum HIGH drawdown since its inception was -9.50%, roughly equal to the maximum BUYW drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for HIGH and BUYW.
Loading charts...
Drawdown Indicators
| HIGH | BUYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -9.36% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -2.59% | -6.91% |
Max Drawdown (3Y)Largest decline over 3 years | -9.50% | -9.36% | -0.14% |
Current DrawdownCurrent decline from peak | -7.50% | 0.00% | -7.50% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -0.60% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 0.48% | +6.25% |
Volatility
HIGH vs. BUYW - Volatility Comparison
Simplify Enhanced Income ETF (HIGH) has a higher volatility of 1.91% compared to Main Buywrite ETF (BUYW) at 1.21%. This indicates that HIGH's price experiences larger fluctuations and is considered to be riskier than BUYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HIGH | BUYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.21% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 3.84% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 4.84% | +3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 8.43% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.53% | 8.43% | +1.10% |
HIGH vs. BUYW - Expense Ratio Comparison
HIGH has a 0.51% expense ratio, which is lower than BUYW's 1.29% expense ratio.
Dividends
HIGH vs. BUYW - Dividend Comparison
HIGH's dividend yield for the trailing twelve months is around 7.36%, more than BUYW's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BUYW Main Buywrite ETF | 5.89% | 5.89% | 5.93% | 5.95% | 0.50% |
HIGH Simplify Enhanced Income ETF | 7.36% | 7.71% | 8.34% | 9.40% | 0.62% |
Frequently Asked Questions
HIGH and BUYW have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIGH has higher volatility (1.91%) compared to BUYW (1.21%). In terms of maximum drawdown, HIGH dropped -9.50% vs BUYW's -9.36%.
On 3-year performance, BUYW leads with 8.68% vs 2.72% for HIGH. On fees, HIGH is cheaper at 0.51% per year. On volatility, BUYW has been the lower-risk option at 1.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BUYW has performed better with a 8.68% return vs 2.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HIGH is cheaper with a 0.51% expense ratio, compared with 1.29% for BUYW.
HIGH has the higher dividend yield at 7.36%, compared with 5.89% for BUYW.
They also come from different issuers: Simplify and Main Funds. Their fees differ too: 0.51% for HIGH and 1.29% for BUYW.
BUYW currently has the higher Sharpe Ratio (2.06 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HIGH and BUYW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer