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PINK vs. ^SP500TR
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between PINK and ^SP500TR is 0.70, 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. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Health Care ETF (PINK) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PINK:

-0.22

^SP500TR:

0.60

Sortino Ratio

PINK:

-0.26

^SP500TR:

0.88

Omega Ratio

PINK:

0.97

^SP500TR:

1.13

Calmar Ratio

PINK:

-0.27

^SP500TR:

0.56

Martin Ratio

PINK:

-0.64

^SP500TR:

2.15

Ulcer Index

PINK:

7.94%

^SP500TR:

4.91%

Daily Std Dev

PINK:

18.57%

^SP500TR:

19.70%

Max Drawdown

PINK:

-18.77%

^SP500TR:

-55.25%

Current Drawdown

PINK:

-14.63%

^SP500TR:

-5.21%

Returns By Period

In the year-to-date period, PINK achieves a -4.46% return, which is significantly lower than ^SP500TR's -0.82% return.


PINK

YTD

-4.46%

1M

-2.41%

6M

-10.01%

1Y

-3.94%

3Y*

4.54%

5Y*

N/A

10Y*

N/A

^SP500TR

YTD

-0.82%

1M

5.15%

6M

-2.43%

1Y

10.86%

3Y*

15.52%

5Y*

16.20%

10Y*

12.67%

*Annualized

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Simplify Health Care ETF

S&P 500 Total Return

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

PINK vs. ^SP500TR — Risk-Adjusted Performance Rank

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

PINK
The Risk-Adjusted Performance Rank of PINK is 99
Overall Rank
The Sharpe Ratio Rank of PINK is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of PINK is 99
Sortino Ratio Rank
The Omega Ratio Rank of PINK is 99
Omega Ratio Rank
The Calmar Ratio Rank of PINK is 77
Calmar Ratio Rank
The Martin Ratio Rank of PINK is 1010
Martin Ratio Rank

^SP500TR
The Risk-Adjusted Performance Rank of ^SP500TR is 7272
Overall Rank
The Sharpe Ratio Rank of ^SP500TR is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of ^SP500TR is 6868
Sortino Ratio Rank
The Omega Ratio Rank of ^SP500TR is 7373
Omega Ratio Rank
The Calmar Ratio Rank of ^SP500TR is 7171
Calmar Ratio Rank
The Martin Ratio Rank of ^SP500TR is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current PINK Sharpe Ratio is -0.22, which is lower than the ^SP500TR Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of PINK and ^SP500TR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

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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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

PINK vs. ^SP500TR - Volatility Comparison

Simplify Health Care ETF (PINK) has a higher volatility of 6.94% compared to S&P 500 Total Return (^SP500TR) at 4.37%. 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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