SAMT vs. SPD

Last updated Apr 1, 2026

Compare and contrast key facts about Strategas Macro Thematic Opportunities ETF (SAMT) and Simplify US Equity PLUS Downside Convexity ETF (SPD).

SAMT and SPD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SAMT is an actively managed fund by Strategas. It was launched on Jan 25, 2022. SPD is an actively managed fund by Simplify. It was launched on Sep 3, 2020.

Performance

SAMT vs. SPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategas Macro Thematic Opportunities ETF (SAMT) and Simplify US Equity PLUS Downside Convexity ETF (SPD). The values are adjusted to include any dividend payments, if applicable.

SAMT vs. SPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SAMT Strategas Macro Thematic Opportunities ETF	1.97%	33.10%	28.15%	1.27%	-6.59%
SPD Simplify US Equity PLUS Downside Convexity ETF	-7.11%	18.86%	17.49%	20.94%	-20.00%

Returns By Period

In the year-to-date period, SAMT achieves a 1.97% return, which is significantly higher than SPD's -7.11% return.

SAMT

• 1D: 2.00%
• 1M: -1.60%
• YTD: 1.97%
• 6M: 6.10%
• 1Y: 35.45%
• 3Y*: 22.13%
• 5Y*: —
• 10Y*: —

SPD

• 1D: 1.62%
• 1M: -5.89%
• YTD: -7.11%
• 6M: -7.47%
• 1Y: 18.82%
• 3Y*: 14.02%
• 5Y*: 6.49%
• 10Y*: —

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

SAMT vs. SPD - Expense Ratio Comparison

SAMT has a 0.66% expense ratio, which is higher than SPD's 0.28% expense ratio.

SAMT

Strategas Macro Thematic Opportunities ETF

SPD

Simplify US Equity PLUS Downside Convexity ETF

Return for Risk

SAMT vs. SPD — Risk / Return Rank

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

SAMT

SAMT Risk / Return Rank: 91
SAMT Sharpe Ratio Rank: 91
SAMT Sortino Ratio Rank: 91
SAMT Omega Ratio Rank: 88
SAMT Calmar Ratio Rank: 95
SAMT Martin Ratio Rank: 90

SPD

SPD Risk / Return Rank: 59
SPD Sharpe Ratio Rank: 46
SPD Sortino Ratio Rank: 68
SPD Omega Ratio Rank: 58
SPD Calmar Ratio Rank: 66
SPD Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SAMT vs. SPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategas Macro Thematic Opportunities ETF (SAMT) and Simplify US Equity PLUS Downside Convexity ETF (SPD). 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.

	SAMT	SPD	Difference
Sharpe ratio Return per unit of total volatility	2.01	0.80	+1.22
Sortino ratio Return per unit of downside risk	2.65	1.66	+0.99
Omega ratio Gain probability vs. loss probability	1.36	1.21	+0.15
Calmar ratio Return relative to maximum drawdown	4.10	1.61	+2.49
Martin ratio Return relative to average drawdown	11.61	5.34	+6.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAMT vs. SPD - Sharpe Ratio Comparison

The current SAMT Sharpe Ratio is 2.01, which is higher than the SPD Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of SAMT and SPD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SAMT	SPD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	0.80	+1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.53	+0.23

Correlation

The correlation between SAMT and SPD is 0.71, 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.

Dividends

SAMT vs. SPD - Dividend Comparison

SAMT's dividend yield for the trailing twelve months is around 0.69%, less than SPD's 1.10% yield.

	TTM	2025	2024	2023	2022	2021	2020
SAMT Strategas Macro Thematic Opportunities ETF	0.69%	0.70%	1.40%	1.49%	0.73%	0.00%	0.00%
SPD Simplify US Equity PLUS Downside Convexity ETF	1.10%	0.97%	1.14%	1.91%	1.64%	0.88%	0.43%

Drawdowns

SAMT vs. SPD - Drawdown Comparison

The maximum SAMT drawdown since its inception was -20.57%, smaller than the maximum SPD drawdown of -27.38%. Use the drawdown chart below to compare losses from any high point for SAMT and SPD.

Drawdown Indicators

	SAMT	SPD	Difference
Max Drawdown Largest peak-to-trough decline	-20.57%	-27.38%	+6.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-11.90%	+3.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.38%	—
Current Drawdown Current decline from peak	-5.78%	-10.47%	+4.69%
Average Drawdown Average peak-to-trough decline	-8.00%	-7.87%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	3.59%	-0.49%

Volatility

SAMT vs. SPD - Volatility Comparison

Strategas Macro Thematic Opportunities ETF (SAMT) has a higher volatility of 4.97% compared to Simplify US Equity PLUS Downside Convexity ETF (SPD) at 3.25%. This indicates that SAMT's price experiences larger fluctuations and is considered to be riskier than SPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAMT	SPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	3.25%	+1.72%
Volatility (6M) Calculated over the trailing 6-month period	11.91%	9.45%	+2.46%
Volatility (1Y) Calculated over the trailing 1-year period	17.68%	23.76%	-6.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	16.09%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	16.08%	+0.70%