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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)
$231,767
AUM
$8,271,275
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

B 0 12/19/23
B 12/19/23 Govt
37.65%
B 10/03/23 Govt
B 10/03/23 Govt
28.98%
B 0 01/11/24
B 01/11/24 Govt
16.66%
n/a
Cash
10.74%
B 0 12/28/23
B 12/21/23 Govt
5.97%
n/a
Derivatives offset
-50.42%
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, CMDT, UGA

HARD
Simplify Exchange Traded Funds - Simplify Commodities Strategy No K-1 ETF
CTA
Simplify Exchange Traded Funds - Simplify Managed Futures Strategy ETF
CMDT
Pimco Exchange Traded Fund - PIMCO Commodity Strategy Active Exchange-Traded Fund
UGA
United States Commodity Funds LLC - United States Gasoline Fund LP
DBO
Invesco DB Multi-Sector Commodity Trust - Invesco DB Oil Fund
UCO
ProShares Trust - ProShares Ultra Bloomberg Crude Oil 2x Shares
USO
United States Commodity Funds LLC - United States Oil Fund
BNO
United States Commodity Funds LLC - United States Brent Crude Oil Fund
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
OILK
ProShares Trust - ProShares K-1 Free Crude Oil Strategy 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.

Automated Strategies
Related toHARD

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

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 -0.0002%. This is the percent change in the value of HARD over the most recent 1-month period. The 3-month return on HARD is 0.0161%. This is the percent change in the value of HARD over the most recent 3-month period.

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

ETFs correlated to HARD include CTA, CMDT, and UGA.

ETFs that are inversely correlated to HARD include SCO, FFTY, and PSFF.

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.