Correlation
The correlation between PINK and ^SP500TR is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
PINK vs. ^SP500TR
Compare and contrast key facts about Simplify Health Care ETF (PINK) and S&P 500 Total Return (^SP500TR).
PINK is an actively managed fund by Simplify. It was launched on Oct 7, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PINK or ^SP500TR.
Performance
PINK vs. ^SP500TR - Performance Comparison
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Key characteristics
PINK:
-0.07
^SP500TR:
0.70
PINK:
-0.10
^SP500TR:
1.05
PINK:
0.99
^SP500TR:
1.15
PINK:
-0.16
^SP500TR:
0.69
PINK:
-0.38
^SP500TR:
2.63
PINK:
8.08%
^SP500TR:
4.92%
PINK:
18.59%
^SP500TR:
19.78%
PINK:
-18.77%
^SP500TR:
-55.25%
PINK:
-13.83%
^SP500TR:
-3.41%
Returns By Period
In the year-to-date period, PINK achieves a -3.56% return, which is significantly lower than ^SP500TR's 1.06% return.
PINK
-3.56%
-3.20%
-10.79%
-1.24%
3.70%
N/A
N/A
^SP500TR
1.06%
6.46%
-0.78%
13.77%
14.18%
15.94%
12.84%
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Risk-Adjusted Performance
PINK vs. ^SP500TR — Risk-Adjusted Performance Rank
PINK
^SP500TR
PINK vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Health Care ETF (PINK) and S&P 500 Total Return (^SP500TR). 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.
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Drawdowns
PINK vs. ^SP500TR - Drawdown Comparison
The maximum PINK drawdown since its inception was -18.77%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PINK and ^SP500TR.
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Volatility
PINK vs. ^SP500TR - Volatility Comparison
Simplify Health Care ETF (PINK) has a higher volatility of 7.03% compared to S&P 500 Total Return (^SP500TR) at 4.77%. This indicates that PINK's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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