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ETFs

Simplify Market Neutral Equity Long/Short ETF

EQLS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 13 2023
Expense Ratio
1.00%
Type
Global Equities
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$56,313
AUM
$106,554,024
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

B 0 12/28/23
B 12/21/23 Govt
94.78%
B 10/03/23 Govt
B 10/03/23 Govt
4.35%
n/a
Cash
1.23%
COR
Cencora Inc.
0.99%
DINO
HF Sinclair Corp.
0.98%
CAH
Cardinal Health, Inc.
0.97%
MFC
Manulife Financial Corp.
0.97%
PKG
Packaging Corp Of America
0.96%
NTAP
Netapp Inc
0.95%
DINO
HF Sinclair Corp.
0.95%
Invest with EQLS

What is EQLS?

The Simplify Market Neutral Equity Long/Short ETF (EQLS) seeks to provide positive absolute returns and income. A market-neutral strategy is one that seeks to profit during both rising and falling equity markets. By potentially profiting in either market environment, EQLS can provide significant diversification benefits while maintaining an independent source of returns. The portfolio's equity ranking system is driven by an industry-leading proprietary machine-learning stock selection model developed by Wolfe Research. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities include investments that provide long or short exposure to equity securities, including total return swaps, and equity futures contracts. The direct and indirect equity investments are primarily U.S. companies but may include companies from both emerging and developed foreign markets and may include companies of any market capitalization. The Fund also holds cash and invests in cash-equivalents (money market funds) or high-quality short term fixed income securities as collateral for the swaps and futures

ETFs related toEQLS

ETFs correlated to EQLS include ZSL, PFIX, TMV

EQLS
Simplify Exchange Traded Funds - Simplify Market Neutral Equity Long/Short ETF
ZSL
ProShares Trust - ProShares UltraShort Silver -2x Shares
PFIX
Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF
TMV
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bear -3X Shares
JDST
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bear -2X Shares
TBT
Invesco Capital Management LLC - PowerShares UltraShort Lehman 20+ Year Treasury ProShares 2x Shares
TBF
ProShares Trust - ProShares Short 20+ Year Treasury -1x Shares
TTT
ProShares Trust - ProShares UltraPro Short 20+ Year Treasury -3x Shares
GDXD
Bank of Montreal - MicroSectors Gold Miners -3X Inverse Leveraged ETNs
TSLS
Direxion Shares ETF Trust - Direxion Daily TSLA Bear 1X Shares
TSLQ
Investment Managers Series Trust II - AXS TSLA Bear Daily 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.

Automated Strategies
Related toEQLS

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with EQLS using Composer

FAQ

EQLS is a Global Equities ETF. The Simplify Market Neutral Equity Long/Short ETF (EQLS) seeks to provide positive absolute returns and income. A market-neutral strategy is one that seeks to profit during both rising and falling equity markets. By potentially profiting in either market environment, EQLS can provide significant diversification benefits while maintaining an independent source of returns. The portfolio's equity ranking system is driven by an industry-leading proprietary machine-learning stock selection model developed by Wolfe Research. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities include investments that provide long or short exposure to equity securities, including total return swaps, and equity futures contracts. The direct and indirect equity investments are primarily U.S. companies but may include companies from both emerging and developed foreign markets and may include companies of any market capitalization. The Fund also holds cash and invests in cash-equivalents (money market funds) or high-quality short term fixed income securities as collateral for the swaps and futures

Yes, EQLS 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, EQLS 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 EQLS is 0.023%. This is the percent change in the value of EQLS over the most recent 1-month period. The 3-month return on EQLS is -0.0121%. This is the percent change in the value of EQLS over the most recent 3-month period.

ETFs similar to EQLS include QQH, RODM, and MOTI.

ETFs correlated to EQLS include ZSL, PFIX, and TMV.

ETFs that are inversely correlated to EQLS include DFCA, TAFI, and JMUB.

Disclaimers

*

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.