SPD vs. XTR
Compare and contrast key facts about Simplify US Equity PLUS Downside Convexity ETF (SPD) and Global X S&P 500 Tail Risk ETF (XTR).
SPD and XTR 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 Asset Management Inc.. It was launched on Sep 3, 2020. XTR is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Tail Risk Index. It was launched on Aug 25, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPD or XTR.
Correlation
The correlation between SPD and XTR is 0.90, 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.
Performance
SPD vs. XTR - Performance Comparison
Key characteristics
SPD:
0.66
XTR:
0.54
SPD:
1.34
XTR:
0.82
SPD:
1.18
XTR:
1.11
SPD:
1.03
XTR:
0.54
SPD:
3.74
XTR:
1.86
SPD:
4.17%
XTR:
4.20%
SPD:
23.55%
XTR:
14.52%
SPD:
-27.38%
XTR:
-20.83%
SPD:
-1.49%
XTR:
-9.86%
Returns By Period
In the year-to-date period, SPD achieves a 3.58% return, which is significantly higher than XTR's -6.19% return.
SPD
3.58%
9.37%
3.46%
15.81%
N/A
N/A
XTR
-6.19%
-2.92%
-5.45%
8.20%
N/A
N/A
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SPD vs. XTR - Expense Ratio Comparison
SPD has a 0.28% expense ratio, which is lower than XTR's 0.60% expense ratio.
Risk-Adjusted Performance
SPD vs. XTR — Risk-Adjusted Performance Rank
SPD
XTR
SPD vs. XTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Downside Convexity ETF (SPD) and Global X S&P 500 Tail Risk ETF (XTR). 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
SPD vs. XTR - Dividend Comparison
SPD's dividend yield for the trailing twelve months is around 1.04%, less than XTR's 22.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
SPD Simplify US Equity PLUS Downside Convexity ETF | 1.04% | 1.14% | 1.91% | 1.65% | 0.88% | 0.43% |
XTR Global X S&P 500 Tail Risk ETF | 22.27% | 20.89% | 1.09% | 1.09% | 2.32% | 0.00% |
Drawdowns
SPD vs. XTR - Drawdown Comparison
The maximum SPD drawdown since its inception was -27.38%, which is greater than XTR's maximum drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for SPD and XTR. For additional features, visit the drawdowns tool.
Volatility
SPD vs. XTR - Volatility Comparison
Simplify US Equity PLUS Downside Convexity ETF (SPD) has a higher volatility of 18.97% compared to Global X S&P 500 Tail Risk ETF (XTR) at 8.15%. This indicates that SPD's price experiences larger fluctuations and is considered to be riskier than XTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.