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Simplify Health Care ETF

PINK
$
Today’s Change
()

Snapshot
*

Inception Date
Oct 7, 2021
Expense Ratio
0.5%
Type
US Equities
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$1,748,900
AUM
$61,056,025
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

AMGN
AMGEN Inc.
6.47%
REGN
Regeneron Pharmaceuticals, Inc.
6.34%
BSX
Boston Scientific Corp.
5.85%
SNY
Sanofi - ADR
5.73%
CI
Cigna Group (The)
5.02%
LLY
Lilly(Eli) & Co
4.84%
ABBV
Abbvie Inc
4.67%
JNJ
Johnson & Johnson
4.64%
VRTX
Vertex Pharmaceuticals, Inc.
4.64%
UNH
Unitedhealth Group Inc
4.32%

What is PINK?

Under normal circumstances, the Fund will invest at least 80% of its assets (plus any borrowings for investment purposes) in securities of U.S. health care companies. The Fund defines health care companies as companies included in the Global Industry Classification Standard health care sector. The Fund defines equity securities as common stock, preferred stock, or ETFs that invest in the same. The Fund invests in companies without restriction as to capitalization, including micro-capitalization companies. The Fund will invest in 80 100 health care companies. The Fund will use fundamental, bottom-up analysis that seeks to identify high-quality companies and the most compelling investment opportunities. In general, the Fund will follow a growth investment strategy, seeking companies whose earnings are expected to grow faster than inflation and the economy in general. When stock valuations seem unusually high, however, a value approach, which gives preference to seemingly undervalued companies, may be emphasized. The Fund generally seeks investments in companies that are developing new and effective medicines, as well as companies whose business models reduce costs or improve quality in health care systems. The Fund may invest in health care companies that do not seek to design or develop treatments for breast cancer.

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ETFs related toPINK

ETFs correlated to PINK include VHT, FHLC, IYH

PINK
Simplify Exchange Traded Funds - Simplify Health Care ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
XLV
SSgA Active Trust - Health Care Select Sector SPDR
CURE
Direxion Shares ETF Trust - Direxion Daily Healthcare Bull 3X Shares
IXJ
BlackRock Institutional Trust Company N.A. - iShares Global Healthcare ETF
RSPH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
USMV
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Min Vol Factor ETF
FTCS
First Trust Exchange-Traded Fund III - First Trust Capital Strength 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

PINK is a US Equities ETF. Under normal circumstances, the Fund will invest at least 80% of its assets (plus any borrowings for investment purposes) in securities of U.S. health care companies. The Fund defines health care companies as companies included in the Global Industry Classification Standard health care sector. The Fund defines equity securities as common stock, preferred stock, or ETFs that invest in the same. The Fund invests in companies without restriction as to capitalization, including micro-capitalization companies. The Fund will invest in 80 100 health care companies. The Fund will use fundamental, bottom-up analysis that seeks to identify high-quality companies and the most compelling investment opportunities. In general, the Fund will follow a growth investment strategy, seeking companies whose earnings are expected to grow faster than inflation and the economy in general. When stock valuations seem unusually high, however, a value approach, which gives preference to seemingly undervalued companies, may be emphasized. The Fund generally seeks investments in companies that are developing new and effective medicines, as well as companies whose business models reduce costs or improve quality in health care systems. The Fund may invest in health care companies that do not seek to design or develop treatments for breast cancer.

Yes, PINK 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, PINK 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 PINK is -0.0166%. This is the percent change in the value of PINK over the most recent 1-month period. The 3-month return on PINK is -0.0248%. This is the percent change in the value of PINK over the most recent 3-month period.

The standard deviation of PINK for the past year is 0.1479%. 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 PINK include XLI, XLY, and XLE.

ETFs correlated to PINK include VHT, FHLC, and IYH.

ETFs that are inversely correlated to PINK include DXD, DOG, and SDOW.

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.

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