PINK vs. SPY
Compare and contrast key facts about Simplify Health Care ETF (PINK) and SPDR S&P 500 ETF (SPY).
PINK and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PINK is an actively managed fund by Simplify. It was launched on Oct 7, 2021. 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: PINK or SPY.
Correlation
The correlation between PINK and SPY is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PINK vs. SPY - Performance Comparison
Key characteristics
PINK:
0.12
SPY:
1.88
PINK:
0.26
SPY:
2.53
PINK:
1.03
SPY:
1.35
PINK:
0.15
SPY:
2.83
PINK:
0.35
SPY:
11.74
PINK:
4.92%
SPY:
2.02%
PINK:
14.79%
SPY:
12.64%
PINK:
-18.45%
SPY:
-55.19%
PINK:
-8.15%
SPY:
-0.42%
Returns By Period
In the year-to-date period, PINK achieves a 2.80% return, which is significantly lower than SPY's 4.15% return.
PINK
2.80%
0.93%
-6.83%
1.94%
N/A
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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PINK vs. SPY - Expense Ratio Comparison
PINK has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PINK vs. SPY — Risk-Adjusted Performance Rank
PINK
SPY
PINK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Health Care ETF (PINK) 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
PINK vs. SPY - Dividend Comparison
PINK's dividend yield for the trailing twelve months is around 0.31%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PINK Simplify Health Care ETF | 0.31% | 0.32% | 0.94% | 0.42% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PINK vs. SPY - Drawdown Comparison
The maximum PINK drawdown since its inception was -18.45%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PINK and SPY. For additional features, visit the drawdowns tool.
Volatility
PINK vs. SPY - Volatility Comparison
Simplify Health Care ETF (PINK) has a higher volatility of 4.27% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that PINK's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.