SPD vs. VOO
Compare and contrast key facts about Simplify US Equity PLUS Downside Convexity ETF (SPD) and Vanguard S&P 500 ETF (VOO).
SPD and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPD is an actively managed fund by Simplify. It was launched on Sep 3, 2020. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
SPD vs. VOO - Performance Comparison
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SPD vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPD Simplify US Equity PLUS Downside Convexity ETF | -7.11% | 18.86% | 17.49% | 20.94% | -25.96% | 24.81% | 8.75% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 10.08% |
Returns By Period
In the year-to-date period, SPD achieves a -7.11% return, which is significantly lower than VOO's -4.42% return.
SPD
- 1D
- 1.62%
- 1M
- -5.89%
- YTD
- -7.11%
- 6M
- -7.47%
- 1Y
- 18.82%
- 3Y*
- 14.02%
- 5Y*
- 6.49%
- 10Y*
- —
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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SPD vs. VOO - Expense Ratio Comparison
SPD has a 0.28% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
SPD vs. VOO — Risk / Return Rank
SPD
VOO
SPD vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Downside Convexity ETF (SPD) and Vanguard S&P 500 ETF (VOO). 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.
| SPD | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.98 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.50 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.53 | +0.08 |
Martin ratioReturn relative to average drawdown | 5.34 | 7.29 | -1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPD | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.98 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.70 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.83 | -0.30 |
Correlation
The correlation between SPD and VOO is 0.92, 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
SPD vs. VOO - Dividend Comparison
SPD's dividend yield for the trailing twelve months is around 1.10%, less than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPD Simplify US Equity PLUS Downside Convexity ETF | 1.10% | 0.97% | 1.14% | 1.91% | 1.64% | 0.88% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
SPD vs. VOO - Drawdown Comparison
The maximum SPD drawdown since its inception was -27.38%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SPD and VOO.
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Drawdown Indicators
| SPD | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.38% | -33.99% | +6.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -11.98% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -27.38% | -24.52% | -2.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -10.47% | -6.29% | -4.18% |
Average DrawdownAverage peak-to-trough decline | -7.87% | -3.72% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 2.52% | +1.07% |
Volatility
SPD vs. VOO - Volatility Comparison
The current volatility for Simplify US Equity PLUS Downside Convexity ETF (SPD) is 3.25%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that SPD experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPD | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 5.29% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 9.44% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.76% | 18.10% | +5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 16.82% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 17.99% | -1.91% |