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ETFs

Simplify Commodities Strategy No K-1 ETF

HARD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 27 2023
Expense Ratio
0.75%
Type
Global Commodities & Metals
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$120,284
AUM
$6,362,525
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

B 10/03/23 Govt
B 10/03/23 Govt
40.19%
B 0 09/07/23
B 09/07/23 Govt
33.91%
n/a
Cash
15.02%
B 08/29/23 Govt
B 08/29/23 Govt
10.88%
n/a
Derivatives offset
-10.41%
Invest with HARD

What is HARD?

The Simplify Commodities Strategy No K-1 ETF (HARD) seeks long term capital appreciation by systematically investing in commodity futures in an attempt to create commodity exposure that performs strongly during inflationary periods while still performing well in more typical market environments. To this end, HARD deploys a suite of systematic long/short (l/s) models that have been designed by Altis Partners, a commodity trading advisor with over 20 years of experience.

ETFs related toHARD

ETFs correlated to HARD include CTA, VXZ, UVIX

HARD
Simplify Exchange Traded Funds - Simplify Commodities Strategy No K-1 ETF
CTA
Simplify Exchange Traded Funds - Simplify Managed Futures Strategy ETF
VXZ
Barclays Bank PLC - iPath® Series B S&P 500® VIX Mid-Term FuturesTM ETN
UVIX
Volatility Shares Trust - 2x Long VIX Futures ETF
YANG
Direxion Shares ETF Trust - Direxion Daily FTSE China Bear -3X Shares
VXX
Barclays Bank PLC - iPath? Series B S&P 500? VIX Short-Term FuturesTM ETN
VIXM
ProShares Trust - ProShares VIX Mid-Term Futures ETF
VIXY
ProShares Trust - ProShares VIX Short-Term Futures ETF
UVXY
ProShares Trust - ProShares Ultra VIX Short-Term Futures ETF 2x Shares
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3x Shares
SEF
ProShares Trust - ProShares Short Financials -1x 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.

Automated Strategies
Related toHARD

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#RAY

Copy Ray Dalio

Category

Classic, Copy the Greats

Risk Rating

Conservative

Create your own algorithmic trading strategy with HARD using Composer

FAQ

HARD is a Global Commodities & Metals ETF. The Simplify Commodities Strategy No K-1 ETF (HARD) seeks long term capital appreciation by systematically investing in commodity futures in an attempt to create commodity exposure that performs strongly during inflationary periods while still performing well in more typical market environments. To this end, HARD deploys a suite of systematic long/short (l/s) models that have been designed by Altis Partners, a commodity trading advisor with over 20 years of experience.

Yes, HARD 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, HARD 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 HARD is 0.0095%. This is the percent change in the value of HARD over the most recent 1-month period. The 3-month return on HARD is %. This is the percent change in the value of HARD over the most recent 3-month period.

ETFs similar to HARD include PDBC, BCI, and FTGC.

ETFs correlated to HARD include CTA, VXZ, and UVIX.

ETFs that are inversely correlated to HARD include TILL, CORN, and WEAT.

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.