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Simplify Tail Risk Strategy ETF

CYA
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 13 2021
Expense Ratio
0.84%
Type
US Diversified
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$250,525
AUM
$20,068,006
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

AGGH
Simplify Exchange Traded Funds - Simplify Aggregate Bond PLUS Credit Hedge ETF
30.22%
PFIX
Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF
19.13%
BUCK
Simplify Exchange Traded Funds - Simplify Stable Income ETF
14.90%
HIGH
Simplify Exchange Traded Funds - Simplify Enhanced Income ETF
14.83%
SVOL
Simplify Exchange Traded Funds - Simplify Volatility Premium ETF
12.18%
CDX
Simplify Exchange Traded Funds - Simplify High Yield PLUS Credit Hedge ETF
7.80%
n/a
SPXW US 08/31/23 P3800 Index
3.22%
n/a
VIX US 07/19/23 C20 Index
1.88%
n/a
SPXW US 07/21/23 P3855 Index
1.76%
n/a
SPXW US 06/20/23 P4200 Index
1.74%
Invest with CYA

What is CYA?

The Fund invests in fixed income and income generating ETFs. The Fund will invest between 50-90% of the Fund s assets in income generating ETFs including affiliated funds managed by the adviser. The Fund considers an ETF an income generating ETF if the ETF demonstrates an attractive distribution or income yield (i.e., a yield that is greater than 2 year Treasury notes), for example ETFs that invest in REITs or MLPs or ETFs that seek to provide the inverse of the S&P 500 VIX Short-Term Futures Index. A REIT is a company that owns, operates, or finances income-generating real estate. An MLP is a business venture that exists in the form of a publicly traded limited partnership. The Fund defines fixed income ETFs as ETFs that invest in debt securities of any credit quality or maturity. Fixed income ETFs may invest in securities with credit quality below investment grade (commonly referred to as junk bonds ). The Fund defines junk bonds as those rated below Baa3 by Moody s Investors Service or below BBB- by Standard and Poor s Rating Group, or, if unrated, determined by the adviser to be of similar credit quality. The Fund invests in companies without restriction as to capitalization. Under normal circumstances the Fund may invest in shares of any fund in Simplify Exchange Traded Funds (the Trust ), each an affiliated ETF.

ETFs related toCYA

ETFs correlated to CYA include DOG, SDOW, DXD

CYA
Simplify Exchange Traded Funds - Simplify Tail Risk Strategy ETF
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x Shares
DXD
ProShares Trust - ProShares UltraShort Dow 30-2X Shares
VIXY
ProShares Trust - ProShares VIX Short-Term Futures ETF
UVXY
ProShares Trust - ProShares Ultra VIX Short-Term Futures ETF 2x Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
UVIX
Volatility Shares Trust - 2x Long VIX Futures ETF
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares

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

CYA is a US Diversified ETF. The Fund invests in fixed income and income generating ETFs. The Fund will invest between 50-90% of the Fund s assets in income generating ETFs including affiliated funds managed by the adviser. The Fund considers an ETF an income generating ETF if the ETF demonstrates an attractive distribution or income yield (i.e., a yield that is greater than 2 year Treasury notes), for example ETFs that invest in REITs or MLPs or ETFs that seek to provide the inverse of the S&P 500 VIX Short-Term Futures Index. A REIT is a company that owns, operates, or finances income-generating real estate. An MLP is a business venture that exists in the form of a publicly traded limited partnership. The Fund defines fixed income ETFs as ETFs that invest in debt securities of any credit quality or maturity. Fixed income ETFs may invest in securities with credit quality below investment grade (commonly referred to as junk bonds ). The Fund defines junk bonds as those rated below Baa3 by Moody s Investors Service or below BBB- by Standard and Poor s Rating Group, or, if unrated, determined by the adviser to be of similar credit quality. The Fund invests in companies without restriction as to capitalization. Under normal circumstances the Fund may invest in shares of any fund in Simplify Exchange Traded Funds (the Trust ), each an affiliated ETF.

Yes, CYA 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, CYA 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 CYA is -0.1877%. This is the percent change in the value of CYA over the most recent 1-month period. The 3-month return on CYA is -0.3112%. This is the percent change in the value of CYA over the most recent 3-month period.

The standard deviation of CYA for the past year is 0.5154%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CYA include AOR, RLY, and AOA.

ETFs correlated to CYA include DOG, SDOW, and DXD.

ETFs that are inversely correlated to CYA include XYLD, MAYW, and GAPR.

Disclaimers

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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.