SURI vs. PEX
Compare and contrast key facts about Simplify Propel Opportunities ETF (SURI) and ProShares Global Listed Private Equity ETF (PEX).
SURI and PEX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SURI is an actively managed fund by Simplify. It was launched on Feb 7, 2023. PEX is a passively managed fund by ProShares that tracks the performance of the LPX Direct Listed Private Equity Index. It was launched on Feb 26, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SURI or PEX.
Key characteristics
| SURI | PEX | |
|---|---|---|
| YTD Return | 37.64% | 11.18% |
| 1Y Return | 62.71% | 24.99% |
| Sharpe Ratio | 2.02 | 2.04 |
| Sortino Ratio | 2.83 | 2.75 |
| Omega Ratio | 1.33 | 1.36 |
| Calmar Ratio | 3.02 | 1.23 |
| Martin Ratio | 8.16 | 12.39 |
| Ulcer Index | 7.05% | 2.04% |
| Daily Std Dev | 28.42% | 12.35% |
| Max Drawdown | -19.43% | -49.17% |
| Current Drawdown | -3.71% | -1.22% |
Correlation
The correlation between SURI and PEX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SURI vs. PEX - Performance Comparison
In the year-to-date period, SURI achieves a 37.64% return, which is significantly higher than PEX's 11.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SURI vs. PEX - Expense Ratio Comparison
SURI has a 2.51% expense ratio, which is lower than PEX's 3.13% expense ratio.
Risk-Adjusted Performance
SURI vs. PEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) and ProShares Global Listed Private Equity ETF (PEX). 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
SURI vs. PEX - Dividend Comparison
SURI's dividend yield for the trailing twelve months is around 12.92%, less than PEX's 13.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SURI Simplify Propel Opportunities ETF | 12.92% | 14.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PEX ProShares Global Listed Private Equity ETF | 13.75% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 4.32% | 12.50% | 6.28% | 9.05% |
Drawdowns
SURI vs. PEX - Drawdown Comparison
The maximum SURI drawdown since its inception was -19.43%, smaller than the maximum PEX drawdown of -49.17%. Use the drawdown chart below to compare losses from any high point for SURI and PEX. For additional features, visit the drawdowns tool.
Volatility
SURI vs. PEX - Volatility Comparison
Simplify Propel Opportunities ETF (SURI) has a higher volatility of 8.75% compared to ProShares Global Listed Private Equity ETF (PEX) at 3.11%. This indicates that SURI's price experiences larger fluctuations and is considered to be riskier than PEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.