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ETFs

Simplify US Small Cap PLUS Downside Convexity ETF

RTYD
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Today’s Change
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Snapshot
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Inception Date
Jan 10 2022
Expense Ratio
0.31%
Type
US Equities
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$18,665
AUM
$3,223,518
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
99.59%
n/a
Cash
0.41%
n/a
XSP US 05/19/23 P363 Index
0.03%
n/a
Derivatives offset
-0.01%
n/a
XSP US 05/19/23 P345 Index
-0.02%
Invest with RTYD

What is RTYD?

The Simplify US Small Cap PLUS Downside Convexity ETF seeks to provide capital appreciation by tracking the small cap US equity market while boosting performance during extreme market moves down via a systematic options overlay. The funds core holding provides investors with cost-effective small cap index exposure. A modest option overlay budget is then deployed into a series of options positions that help create downside convexity in the fund.

ETFs related toRTYD

ETFs correlated to RTYD include BSVO, IJR, SLY

RTYD
Simplify Exchange Traded Funds - Simplify US Small Cap PLUS Downside Convexity ETF
BSVO
EA Series Trust - EA Bridgeway Omni Small-Cap Value ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
SLY
SPDR Series Trust - SPDR S&P 600 Small Cap ETF
SPSM
SSgA Active Trust - SPDR Portfolio S&P 600 Small Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
VIOV
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Value ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF
IJS
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Value ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
SLYG
SPDR Series Trust - SPDR S&P 600 Small Cap Growth 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

RTYD is a US Equities ETF. The Simplify US Small Cap PLUS Downside Convexity ETF seeks to provide capital appreciation by tracking the small cap US equity market while boosting performance during extreme market moves down via a systematic options overlay. The funds core holding provides investors with cost-effective small cap index exposure. A modest option overlay budget is then deployed into a series of options positions that help create downside convexity in the fund.

Yes, RTYD 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, RTYD 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 RTYD is -0.0178%. This is the percent change in the value of RTYD over the most recent 1-month period. The 3-month return on RTYD is -0.0885%. This is the percent change in the value of RTYD over the most recent 3-month period.

The standard deviation of RTYD for the past year is 0.2026%. 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 RTYD include VXX, XYLD, and VIXY.

ETFs correlated to RTYD include BSVO, IJR, and SLY.

ETFs that are inversely correlated to RTYD include RWM, TZA, and TWM.

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.

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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.