HOLD vs. DINE

Last updated Jul 17, 2026

HOLD (Harbor Alpha Layering ETF) and DINE (Simplify Tax Aware Diversified Income Strategy ETF) are both Multistrategy funds. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. HOLD charges 0.70%/yr vs 0.15%/yr for DINE.

Performance

HOLD vs. DINE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Alpha Layering ETF (HOLD) and Simplify Tax Aware Diversified Income Strategy ETF (DINE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HOLD

• 1D: -0.07%
• 1M: -2.78%
• 6M: 3.40%
• YTD: 4.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DINE

• 1D: -0.16%
• 1M: 0.80%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOLD vs. DINE - Yearly Performance Comparison

	2026 (YTD)
HOLD Harbor Alpha Layering ETF	-2.71%
DINE Simplify Tax Aware Diversified Income Strategy ETF	1.28%

Correlation

The correlation between HOLD and DINE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.24

Return for Risk

HOLD vs. DINE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Alpha Layering ETF (HOLD) and Simplify Tax Aware Diversified Income Strategy ETF (DINE). 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.

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

Drawdowns

HOLD vs. DINE - Drawdown Comparison

The maximum HOLD drawdown since its inception was -9.47%, which is greater than DINE's maximum drawdown of -1.23%. Use the drawdown chart below to compare losses from any high point for HOLD and DINE.

Drawdown Indicators

	HOLD	DINE	Difference
Max Drawdown Largest peak-to-trough decline	-9.47%	-1.23%	-8.24%
Current Drawdown Current decline from peak	-8.04%	-0.49%	-7.55%
Average Drawdown Average peak-to-trough decline	-2.45%	-0.27%	-2.18%

Volatility

Volatility by Period

	HOLD	DINE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	4.20%	+11.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	4.20%	+11.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	4.20%	+11.25%

HOLD vs. DINE - Expense Ratio Comparison

HOLD has a 0.70% expense ratio, which is higher than DINE's 0.15% expense ratio.

Dividends

HOLD vs. DINE - Dividend Comparison

HOLD's dividend yield for the trailing twelve months is around 6.98%, more than DINE's 0.20% yield.

Position	TTM	2025
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.20%	0.00%
HOLD Harbor Alpha Layering ETF	6.98%	7.32%

Frequently Asked Questions

Can I hold both HOLD and DINE in my portfolio?

HOLD and DINE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOLD or DINE?

On fees, DINE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOLD or DINE?

DINE is cheaper with a 0.15% expense ratio, compared with 0.70% for HOLD.

Which ETF pays a higher dividend yield, HOLD or DINE?

HOLD has the higher dividend yield at 6.98%, compared with 0.20% for DINE.

What is the main difference between HOLD and DINE?

They also come from different issuers: Harbor and Simplify. Their fees differ too: 0.70% for HOLD and 0.15% for DINE.