Simplify US Equity PLUS Downside Convexity ETF (SPD)
| Assets | $120.68M |
| Expense Ratio | 0.53% |
| PE Ratio | n/a |
| Shares Out | 3.05M |
| Dividend (ttm) | $0.38 |
| Dividend Yield | 0.96% |
| Ex-Dividend Date | Dec 23, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | n/a |
| Volume | 4,772 |
| Open | 39.93 |
| Previous Close | 39.97 |
| Day's Range | 39.75 - 40.10 |
| 52-Week Low | 29.54 |
| 52-Week High | 41.20 |
| Beta | 0.72 |
| Holdings | 17 |
| 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
100.31% of assets| Name | Symbol | Weight |
|---|---|---|
| iShares Core S&P 500 ETF | IVV | 99.14% |
| Cash | Cash | 0.45% |
| SPXW US 03/20/26 P5800 Index | SPXW.US 0320/26 P5800 Index | 0.41% |
| SPXW US 01/07/26 C6960 Index | SPXW.US 0107/26 C6960 Index | 0.12% |
| SPXW US 01/23/26 C6925 Index | SPXW.US 0123/26 C6925 Index | 0.07% |
| SPXW US 03/20/26 C7275 Index | SPXW.US 0320/26 C7275 Index | 0.05% |
| SPXW US 01/09/26 C6950 Index | SPXW.US 0109/26 C6950 Index | 0.04% |
| SPXW US 01/09/26 P6615 Index | SPXW.US 0109/26 P6615 Index | 0.02% |
| SPXW US 01/12/26 P6700 Index | SPXW.US 0112/26 P6700 Index | 0.01% |
| NDXP US 01/16/26 P23000 Index | NDXP.US 0116/26 P23000 Index | 0.01% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2025 | $0.100 | Dec 31, 2025 |
| Sep 25, 2025 | $0.100 | Sep 30, 2025 |
| 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 |
Performance
SPD had a total return of 17.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.54%.
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.