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ETFs

Simplify Opportunistic Income ETF

CRDT
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 26, 2023
Expense Ratio
0.5%
Type
Global Bonds
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$147,676
AUM
$62,450,525
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

B 0 12/28/23
B 12/21/23 Govt
24.28%
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
13.33%
OCSL
Oaktree Specialty Lending Corp
6.86%
AGGH
Simplify Exchange Traded Funds - Simplify Aggregate Bond ETF
5.62%
B 0 11/09/23
B 11/09/23 Govt
5.43%
BTAL
AGF Investments Trust - AGF U.S. Market Neutral Anti-Beta Fund
5.3%
—
OCTL 2022-1A R1 Mtge
3.64%
SEDG5270493
SEDG 0 09/15/25 Corp
2.89%
—
TII 1 1/4 04/15/28 Govt
2.67%
EMD
Western Asset Emerging Markets Debt Fund Inc
2.6%
Invest with CRDT
Trade CRDT Options

What is CRDT?

The Simplify Opportunistic Income ETF (CRDT) seeks to provide current income, with long-term capital appreciation as a secondary objective. CRDT is an actively managed, opportunistic credit strategy focused on security selection within high-yield, investment grade, and distressed debt. By deploying a multi-step investment process that combines macroeconomic, quantitative, and fundamental research, the fund seeks to generate alpha that diversifies the traditional investment portfolio.

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YTD
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www.composer.trade

CRDT
Performance Measures**

for the time period Jun 27, 2023 to Dec 4, 2025

Returns

1M Trailing Return: 0.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -2.1%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -6.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 6.0%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.60

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.52

The annualized return divided by the max drawdown for the selected time period.

ETFs related toCRDT

ETFs correlated to CRDT include TBLL, TMV, TBT

CRDT
Simplify Exchange Traded Funds - Simplify Opportunistic Income ETF
TBLL
Invesco Capital Management LLC - Invesco Short Term Treasury ETF
TMV
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bear -3X Shares
TBT
Invesco Capital Management LLC - PowerShares UltraShort Lehman 20+ Year Treasury ProShares 2x Shares
JUCY
ETF Series Solutions Trust - Aptus Enhanced Yield ETF
TBF
ProShares Trust - ProShares Short 20+ Year Treasury -1x Shares
TTT
ProShares Trust - ProShares UltraPro Short 20+ Year Treasury -3x Shares
PFIX
Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF
IBTE
iShares Trust - iShares iBonds Dec 2024 Term Treasury ETF
GBIL
Goldman Sachs ETF Trust - Goldman Sachs Access Treasury 0-1 Year ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

CRDT is a Global Bonds ETF. The Simplify Opportunistic Income ETF (CRDT) seeks to provide current income, with long-term capital appreciation as a secondary objective. CRDT is an actively managed, opportunistic credit strategy focused on security selection within high-yield, investment grade, and distressed debt. By deploying a multi-step investment process that combines macroeconomic, quantitative, and fundamental research, the fund seeks to generate alpha that diversifies the traditional investment portfolio.

Yes, CRDT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CRDT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CRDT is 0.0069%. This is the percent change in the value of CRDT over the most recent 1-month period. The 3-month return on CRDT is %. This is the percent change in the value of CRDT over the most recent 3-month period.

ETFs similar to CRDT include GVI, BLV, and BSV.

ETFs correlated to CRDT include TBLL, TMV, and TBT.

ETFs that are inversely correlated to CRDT include MMIT, MMIN, and HTAB.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.