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ETFs

Simplify Enhanced Income ETF

HIGH
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 27 2022
Expense Ratio
0.51%
Type
Global Equities
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$2,873,256
AUM
$87,745,025
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
51.44%
B 0 12/19/23
B 12/19/23 Govt
34.79%
B 10/03/23 Govt
B 10/03/23 Govt
8.21%
n/a
Cash
5.57%
n/a
Derivatives offset
0.28%
n/a
SPXW US 10/06/23 P4000 Index
0.08%
n/a
TLT US 10/06/23 P83 Equity
0.01%
n/a
TLT US 10/06/23 P87 Equity
-0.05%
n/a
SPXW US 10/06/23 P4200 Index
-0.33%
Invest with HIGH

What is HIGH?

The Simplify Enhanced Income ETF (HIGH) seeks to provide monthly income by selling short-dated put or call spreads on the most liquid global equity indices. The fund is intended to be an alternative high yield solution, as it seeks to provide significant income with low correlation to traditional credit and duration exposure. A sophisticated option-writing algorithm seeks to sell spreads that generate attractive risk-adjusted returns, while an additional layer of risk management helps manage tail risk associated with selling options.

ETFs related toHIGH

ETFs correlated to HIGH include GJUL, AUGW, TJUL

HIGH
Simplify Exchange Traded Funds - Simplify Enhanced Income ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
TJUL
Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2025
CVRD
Madison ETFs Trust - Madison Covered Call 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

HIGH is a Global Equities ETF. The Simplify Enhanced Income ETF (HIGH) seeks to provide monthly income by selling short-dated put or call spreads on the most liquid global equity indices. The fund is intended to be an alternative high yield solution, as it seeks to provide significant income with low correlation to traditional credit and duration exposure. A sophisticated option-writing algorithm seeks to sell spreads that generate attractive risk-adjusted returns, while an additional layer of risk management helps manage tail risk associated with selling options.

Yes, HIGH 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, HIGH 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 HIGH is 0.0108%. This is the percent change in the value of HIGH over the most recent 1-month period. The 3-month return on HIGH is 0.022%. This is the percent change in the value of HIGH over the most recent 3-month period.

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

ETFs correlated to HIGH include GJUL, AUGW, and TJUL.

ETFs that are inversely correlated to HIGH include BITX, PREF, and KRBN.

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.