(SPD) Simplify US Equity PLUS - Overview
Etf: Equities, Put Options
Dividends
| Dividend Yield | 1.03% |
| Yield on Cost 5y | 1.45% |
| Yield CAGR 5y | 6.81% |
| Payout Consistency | 94.4% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 16.3% |
| Relative Tail Risk | 0.03% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.55 |
| Alpha | 0.08 |
| Character TTM | |
|---|---|
| Beta | 0.978 |
| Beta Downside | 0.199 |
| Drawdowns 3y | |
|---|---|
| Max DD | 15.18% |
| CAGR/Max DD | 1.13 |
Description: SPD Simplify US Equity PLUS January 05, 2026
The Simplify US Equity PLUS Downside Convexity ETF (SPD) aims to deliver large-blend equity exposure while mitigating tail risk through a “downside convexity” overlay. The fund invests at least 80 % of its net assets-largely via U.S. equity ETFs-in U.S. stocks, and simultaneously buys put options on the S&P 500 Index or an S&P 500 ETF (both exchange-traded and OTC) to create a protective floor against market declines.
Key data points (as of the latest filing): the fund carries an expense ratio of roughly 0.35 % and manages about $210 million in assets; its 30-day implied volatility of the put overlay averages 12 %, providing a measurable cushion when the S&P 500 falls more than 5 % in a month; and its beta to the S&P 500 hovers near 0.95, indicating near-market exposure with a modest downside tilt. Macro-level drivers such as U.S. consumer confidence and the Federal Reserve’s policy stance on interest rates are especially relevant, since they influence both equity performance and the cost of protective options.
For a deeper quantitative breakdown, you may find ValueRay’s analytics useful.
What is the price of SPD shares?
Over the past week, the price has changed by -1.71%, over one month by -1.14%, over three months by -1.33% and over the past year by +15.22%.
Is SPD a buy, sell or hold?
What are the forecasts/targets for the SPD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 44.4 | 12.8% |
SPD Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 117.8m USD (117.8m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 117.8m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 117.8m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 9.52% (E(117.8m)/V(117.8m) * Re(9.52%) + (debt-free company))
Discount Rate = 9.52% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)