SPD vs. SHDG ETF Comparison
Comparison of Simplify US Equity PLUS Downside Convexity ETF (SPD) to Soundwatch Hedged Equity ETF (SHDG)
SPD
Simplify US Equity PLUS Downside Convexity ETF
SPD Description
The investment seeks to provide capital appreciation. The adviser seeks to achieve the fund's investment objective by investing primarily in equity securities of U.S. companies and applying a downside convexity option overlay strategy to the equity investments. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies, primarily by purchasing exchange-traded funds (ETFs). The downside convexity option overlay consists of purchasing exchange-traded and over the counter (OTC) put options on the S&P 500 Index or an S&P 500 Index ETF.
Grade (RS Rating)
Last Trade
$33.10
Average Daily Volume
24,827
1
SHDG
Soundwatch Hedged Equity ETF
SHDG Description
The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of equity securities and investments that have economic characteristics similar to equity securities. These equity securities and investments may include U.S. exchange-listed common stocks, equity index futures, and/or exchange-traded funds (“ETFs”) that track U.S. large-capitalization (“large-cap”) indices, such as the S&P 500® Index.Grade (RS Rating)
Last Trade
$27.92
Average Daily Volume
4,287
1
Performance
| Period | SPD | SHDG |
|---|---|---|
| 30 Days | 3.87% | 3.65% |
| 60 Days | 6.54% | 6.39% |
| 90 Days | 8.33% | 7.13% |
| 12 Months | 22.24% | 17.13% |
1 Overlapping Holdings
| Symbol | Grade | Weight in SPD | Weight in SHDG | Overlap | |
|---|---|---|---|---|---|
| IVV | B | 99.42% | 98.44% | 98.44% |
SPD Overweight 0 Positions Relative to SHDG
| Symbol | Grade | Weight |
|---|
SPD Underweight 0 Positions Relative to SHDG
| Symbol | Grade | Weight |
|---|
SPD: Top Represented Industries & Keywords
SHDG: Top Represented Industries & Keywords
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