Correlation
The correlation between SPQ and SH is 0.85, 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.
SPQ vs. SH
Compare and contrast key facts about Simplify US Equity Plus QIS ETF (SPQ) and ProShares Short S&P500 (SH).
SPQ and SH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPQ is an actively managed fund by Simplify. It was launched on Nov 13, 2023. SH is a passively managed fund by ProShares that tracks the performance of the S&P 500 (-100%). It was launched on Jun 19, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPQ or SH.
Performance
SPQ vs. SH - Performance Comparison
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Key characteristics
SPQ:
-0.97
SH:
-0.41
SPQ:
-0.89
SH:
-0.37
SPQ:
0.57
SH:
0.95
SPQ:
-1.00
SH:
-0.07
SPQ:
-4.95
SH:
-0.74
SPQ:
20.20%
SH:
9.17%
SPQ:
103.34%
SH:
19.58%
SPQ:
-99.99%
SH:
-93.70%
SPQ:
-99.99%
SH:
-93.48%
Returns By Period
In the year-to-date period, SPQ achieves a -99.99% return, which is significantly lower than SH's -0.35% return.
SPQ
-99.99%
-99.98%
-99.99%
-99.98%
N/A
N/A
N/A
SH
-0.35%
-4.81%
2.68%
-7.34%
-8.10%
-12.47%
-11.64%
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SPQ vs. SH - Expense Ratio Comparison
SPQ has a 1.00% expense ratio, which is higher than SH's 0.90% expense ratio.
Risk-Adjusted Performance
SPQ vs. SH — Risk-Adjusted Performance Rank
SPQ
SH
SPQ vs. SH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity Plus QIS ETF (SPQ) and ProShares Short S&P500 (SH). 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.
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Dividends
SPQ vs. SH - Dividend Comparison
SPQ's dividend yield for the trailing twelve months is around 116,186.50%, more than SH's 5.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SPQ Simplify US Equity Plus QIS ETF | 116,186.50% | 17.17% | 1.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SH ProShares Short S&P500 | 5.65% | 6.20% | 5.37% | 0.32% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
Drawdowns
SPQ vs. SH - Drawdown Comparison
The maximum SPQ drawdown since its inception was -99.99%, which is greater than SH's maximum drawdown of -93.70%. Use the drawdown chart below to compare losses from any high point for SPQ and SH.
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Volatility
SPQ vs. SH - Volatility Comparison
Simplify US Equity Plus QIS ETF (SPQ) has a higher volatility of 880.59% compared to ProShares Short S&P500 (SH) at 4.89%. This indicates that SPQ's price experiences larger fluctuations and is considered to be riskier than SH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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