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SURI vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between SURI and ^GSPC is 0.45, 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.

SURI vs. ^GSPC

Last updated Jun 1, 2025

Compare and contrast key facts about Simplify Propel Opportunities ETF (SURI) and S&P 500 (^GSPC).

SURI is an actively managed fund by Simplify. It was launched on Feb 7, 2023.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SURI or ^GSPC.

Performance

SURI vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Propel Opportunities ETF (SURI) and S&P 500 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

SURI:

-0.63

^GSPC:

0.66

Sortino Ratio

SURI:

-0.68

^GSPC:

0.94

Omega Ratio

SURI:

0.91

^GSPC:

1.14

Calmar Ratio

SURI:

-0.48

^GSPC:

0.60

Martin Ratio

SURI:

-0.88

^GSPC:

2.28

Ulcer Index

SURI:

26.21%

^GSPC:

5.01%

Daily Std Dev

SURI:

36.63%

^GSPC:

19.77%

Max Drawdown

SURI:

-47.76%

^GSPC:

-56.78%

Current Drawdown

SURI:

-40.01%

^GSPC:

-3.78%

Returns By Period

In the year-to-date period, SURI achieves a -1.04% return, which is significantly lower than ^GSPC's 0.51% return.

SURI

YTD

-1.04%

1M

1.43%

6M

-18.11%

1Y

-22.85%

3Y*

N/A

5Y*

N/A

10Y*

N/A

^GSPC

YTD

0.51%

1M

5.49%

6M

-2.00%

1Y

12.02%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

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Simplify Propel Opportunities ETF

S&P 500

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

SURI vs. ^GSPC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SURI
The Risk-Adjusted Performance Rank of SURI is 33
Overall Rank
The Sharpe Ratio Rank of SURI is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of SURI is 33
Sortino Ratio Rank
The Omega Ratio Rank of SURI is 33
Omega Ratio Rank
The Calmar Ratio Rank of SURI is 22
Calmar Ratio Rank
The Martin Ratio Rank of SURI is 66
Martin Ratio Rank
^GSPC
The Risk-Adjusted Performance Rank of ^GSPC is 6363
Overall Rank
The Sharpe Ratio Rank of ^GSPC is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of ^GSPC is 5959
Sortino Ratio Rank
The Omega Ratio Rank of ^GSPC is 6262
Omega Ratio Rank
The Calmar Ratio Rank of ^GSPC is 6363
Calmar Ratio Rank
The Martin Ratio Rank of ^GSPC is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SURI vs. ^GSPC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) and S&P 500 (^GSPC). 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.

The current SURI Sharpe Ratio is -0.63, which is lower than the ^GSPC Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of SURI and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

SURI vs. ^GSPC - Drawdown Comparison

The maximum SURI drawdown since its inception was -47.76%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SURI and ^GSPC.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

SURI vs. ^GSPC - Volatility Comparison

Simplify Propel Opportunities ETF (SURI) has a higher volatility of 6.81% compared to S&P 500 (^GSPC) at 4.77%. This indicates that SURI's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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