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ETFs

Simplify Exchange Traded Funds Simplify Nasdaq 100 PLUS Downside Convexity ETF

QQD
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 10 2020
Expense Ratio
0.45%
Type
US Equities
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$46,881
AUM
$5,049,022
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
99.83%
n/a
XSP US 05/19/23 P363 Index
0.45%
n/a
XSP US 04/21/23 P396 Index
0.26%
n/a
Cash
0.17%
n/a
XSP US 05/19/23 P345 Index
-0.23%
n/a
Derivatives offset
-0.48%
Invest with QQD

What is QQD?

The Simplify Growth Equity PLUS Downside Convexity ETF seeks to track the US growth equity market while boosting performance during extreme market moves down via a systematic options overlay. The options component of the fund is designed to create a convex equity payoff on the downside, with the hopes of increasingly protecting capital as market drawdowns deepen. The downside convexity option overlay is a strategic, persistent exposure meant to hedge against market moves and is intended to addconvexity to the Fund. If the market goes down, the Funds returns may fall less than the market because the adviser will sell or exercise the putoptions.

ETFs related toQQD

ETFs correlated to QQD include GJAN, CVLC, GFEB

QQD
Simplify Exchange Traded Funds - Simplify Nasdaq 100 PLUS Downside Convexity ETF
GJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
SPD
Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
ROM
ProShares Trust - ProShares Ultra Technology 2x Shares
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 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

QQD is a US Equities ETF. The Simplify Growth Equity PLUS Downside Convexity ETF seeks to track the US growth equity market while boosting performance during extreme market moves down via a systematic options overlay. The options component of the fund is designed to create a convex equity payoff on the downside, with the hopes of increasingly protecting capital as market drawdowns deepen. The downside convexity option overlay is a strategic, persistent exposure meant to hedge against market moves and is intended to addconvexity to the Fund. If the market goes down, the Funds returns may fall less than the market because the adviser will sell or exercise the putoptions.

Yes, QQD 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, QQD 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 QQD is 0.0455%. This is the percent change in the value of QQD over the most recent 1-month period. The 3-month return on QQD is 0.1379%. This is the percent change in the value of QQD over the most recent 3-month period.

The standard deviation of QQD for the past year is 0.2671%. 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 QQD include HDGE, XYLD, and QYLD.

ETFs correlated to QQD include GJAN, CVLC, and GFEB.

ETFs that are inversely correlated to QQD include SQQQ, PSQ, and QID.

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.