Simplify US Equity PLUS Downside Convexity ETF (SPD)
| Assets | $96.12M |
| Expense Ratio | 0.53% |
| PE Ratio | n/a |
| Shares Out | 2.45M |
| Dividend (ttm) | $0.36 |
| Dividend Yield | 0.92% |
| Ex-Dividend Date | Jun 25, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | n/a |
| Volume | 7,060 |
| Open | 39.68 |
| Previous Close | 39.31 |
| Day's Range | 39.05 - 39.68 |
| 52-Week Low | 29.54 |
| 52-Week High | 39.68 |
| Beta | 0.74 |
| Holdings | 28 |
| Inception Date | Sep 3, 2020 |
About SPD
Fund Home PageThe Simplify US Equity PLUS Downside Convexity ETF (SPD) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that provides exposure to US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is issued by Simplify.
Top 10 Holdings
100.55% of assets| Name | Symbol | Weight |
|---|---|---|
| iShares Core S&P 500 ETF | IVV | 99.15% |
| SPXW US 11/21/25 P5500 Index | SPXW.US 1121/25 P5500 Index | 0.49% |
| Cash | Cash | 0.43% |
| SPXW US 09/19/25 C6535 Index | SPXW.US 0919/25 C6535 Index | 0.13% |
| SPXW US 10/17/25 P5350 Index | SPXW.US 1017/25 P5350 Index | 0.12% |
| SPXW US 09/15/25 C6615 Index | SPXW.US 0915/25 C6615 Index | 0.10% |
| SPXW US 10/03/25 C6670 Index | SPXW.US 1003/25 C6670 Index | 0.07% |
| SPXW US 09/19/25 P6200 Index | SPXW.US 0919/25 P6200 Index | 0.03% |
| RUTW US 09/26/25 P2175 Index | RUTW.US 0926/25 P2175 Index | 0.02% |
| NDXP US 09/26/25 P22000 Index | NDXP.US 0926/25 P22000 Index | 0.02% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 25, 2025 | $0.100 | Jun 30, 2025 |
| Mar 26, 2025 | $0.080 | Mar 31, 2025 |
| Dec 23, 2024 | $0.100 | Dec 31, 2024 |
| Sep 25, 2024 | $0.080 | Sep 30, 2024 |
| Jun 25, 2024 | $0.100 | Jun 28, 2024 |
| Mar 25, 2024 | $0.100 | Mar 28, 2024 |
Performance
SPD had a total return of 22.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.78%.
News
SPD: Safe Long-Term Hold With Built-In Protection
SPD uses far OTM puts to hedge S&P 500 against market crashes. The hedge works best when crashes occur faster. The worst case is for the selloff to be slow and drawn-out.
ETF Edge, August 30, 2021
CNBC's Bob Pisani talks hedging strategies and downside protection with Simplify ETFs CEO Paul Kim and ETF Trends Chief Investment Officer Dave Nadig.
ETF Edge: ETFs can provide downside protection as markets climb higher
As the markets continue to hit new highs, there's a growing interest in providing some kind of downside protection. Dave Nadig, CIO and director of research of ETF Trends and Paul Kim, CEO of Simplify...
SPD: S&P 500 Index Fund With Extreme Downside Protection
A subscriber asked for my thoughts on SPD. SPD invests in the S&P 500 index, and buys cheap put options to profit from extreme downturns.