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ETFs

Simplify Enhanced Income ETF

HIGH
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 27 2022
Expense Ratio
0.51%
Type
Global Equities
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$203,521
AUM
$15,000,025
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

B 0 08/10/23
B 08/10/23 Govt
70.60%
B 0 06/06/23
B 06/06/23 Govt
25.91%
B 0 08/15/23
B 08/15/23 Govt
2.89%
n/a
Cash
0.60%
n/a
Derivatives offset
0.25%
n/a
TLT US 06/09/23 C110 Equity
0.04%
n/a
SPXW US 06/09/23 P3760 Index
0.03%
n/a
TLT US 06/02/23 C111 Equity
0.01%
n/a
TLT US 06/02/23 C106 Equity
-0.03%
n/a
SPXW US 06/09/23 P3965 Index
-0.07%
Invest with HIGH

What is HIGH?

The Simplify Enhanced Income ETF (HIGH) seeks to provide monthly income by selling short-dated put or call spreads on the most liquid global equity indices. The fund is intended to be an alternative high yield solution, as it seeks to provide significant income with low correlation to traditional credit and duration exposure. A sophisticated option-writing algorithm seeks to sell spreads that generate attractive risk-adjusted returns, while an additional layer of risk management helps manage tail risk associated with selling options.

ETFs related toHIGH

ETFs correlated to HIGH include GAPR, MAYT, MAYW

HIGH
Simplify Exchange Traded Funds - Simplify Enhanced Income ETF
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
MAYT
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer10 May ETF
MAYW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 May ETF
USCA
DBX ETF Trust - Xtrackers MSCI USA Climate Action Equity ETF
APRJ
Innovator ETFs Trust - Innovator Premium Income 30 Barrier ETF - April
APRH
Innovator ETFs Trust - Innovator Premium Income 20 Barrier ETF - April
XBIL
Rbb Fund Inc - US Treasury 6 Month Bill ETF
FWD
AB Active ETFs Inc - AB Disruptors ETF
QGRW
WisdomTree Trust - WisdomTree U.S. Quality Growth Fund
DYTA
Rbb Fund Inc - SGI Dynamic Tactical 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

HIGH is a Global Equities ETF. The Simplify Enhanced Income ETF (HIGH) seeks to provide monthly income by selling short-dated put or call spreads on the most liquid global equity indices. The fund is intended to be an alternative high yield solution, as it seeks to provide significant income with low correlation to traditional credit and duration exposure. A sophisticated option-writing algorithm seeks to sell spreads that generate attractive risk-adjusted returns, while an additional layer of risk management helps manage tail risk associated with selling options.

Yes, HIGH 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, HIGH 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 HIGH is 0.0072%. This is the percent change in the value of HIGH over the most recent 1-month period. The 3-month return on HIGH is 0.0179%. This is the percent change in the value of HIGH over the most recent 3-month period.

ETFs similar to HIGH include IAPR, MOTI, and FTLS.

ETFs correlated to HIGH include GAPR, MAYT, and MAYW.

ETFs that are inversely correlated to HIGH include PRFD, FLIN, and VRP.

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.