SPQ vs. CNAV

Last updated Jun 4, 2026

SPQ (Simplify US Equity Plus QIS ETF) and CNAV (Mohr Company Nav ETF) are both Large Cap Blend Equities funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. SPQ charges 1.00%/yr vs 1.31%/yr for CNAV.

Performance

SPQ vs. CNAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity Plus QIS ETF (SPQ) and Mohr Company Nav ETF (CNAV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPQ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CNAV

• 1D: 1.11%
• 1M: 21.60%
• YTD: 47.26%
• 6M: 48.02%
• 1Y: 72.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPQ vs. CNAV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPQ Simplify US Equity Plus QIS ETF	0.00%	-4.67%	2.25%
CNAV Mohr Company Nav ETF	47.26%	16.80%	6.34%

Correlation

The correlation between SPQ and CNAV is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024	0.40

Return for Risk

SPQ vs. CNAV — Risk / Return Rank

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

CNAV

CNAV Risk / Return Rank: 87
CNAV Sharpe Ratio Rank: 87
CNAV Sortino Ratio Rank: 81
CNAV Omega Ratio Rank: 81
CNAV Calmar Ratio Rank: 90
CNAV Martin Ratio Rank: 93

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.

SPQ vs. CNAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity Plus QIS ETF (SPQ) and Mohr Company Nav ETF (CNAV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPQ	CNAV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.62	—

Drawdowns

Drawdown Indicators

	SPQ	CNAV	Difference
Max Drawdown Largest peak-to-trough decline	—	-30.06%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.97%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-5.42%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.02%	—

Volatility

Volatility by Period

	SPQ	CNAV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	25.08%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.16%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.16%	—

SPQ vs. CNAV - Expense Ratio Comparison

SPQ has a 1.00% expense ratio, which is lower than CNAV's 1.31% expense ratio.

Dividends

SPQ vs. CNAV - Dividend Comparison

Neither SPQ nor CNAV has paid dividends to shareholders.

Position	TTM	2025	2024	2023
CNAV Mohr Company Nav ETF	0.00%	0.00%	0.00%	0.00%
SPQ Simplify US Equity Plus QIS ETF	0.00%	0.31%	17.17%	1.68%

Frequently Asked Questions

Can I hold both SPQ and CNAV in my portfolio?

SPQ and CNAV have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPQ or CNAV?

On fees, SPQ is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPQ or CNAV?

SPQ is cheaper with a 1.00% expense ratio, compared with 1.31% for CNAV.

Which ETF pays a higher dividend yield, SPQ or CNAV?

SPQ and CNAV have nearly identical dividend yields, around 0.00%.

What is the main difference between SPQ and CNAV?

They also come from different issuers: Simplify and Mohr. Their fees differ too: 1.00% for SPQ and 1.31% for CNAV.