Skip to content
etf.net

Launched

Simplify Tax Aware Diversified Income Strategy ETF

DINENasdaqSimplifyC

$24.54+0.03 (+0.12%)

At close: Oct 30, 2026, 4:00 PM ET

C40/ 100

Rank 12 of 15 in Multi-Asset Income

C40/100Rank 12 of 15inMulti-Asset Income
Intraday session: up, 33 prints from 24.51 to 24.54. Range 24.54 to 24.58. Use the arrow keys to read each point.24.5224.5624.5810 AM12 PM2 PM4 PM
Expense ratio
0.15%*
Fund size
$3M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
1.13K sh
52W range
low $24.39high $25.41
Launched

*After a fee waiver that ends Apr 5, 2027. Without it: 0.25%.

The ETF.net DINE Grade

Based on 4 of 6 pillars

C

Score 40 out of 100

Category
Multi-Asset Income⁠
Rank
12 of 15
Six-pillar profile for DINE. Scores out of 100: Cost 100, Risk 50, Mission not scored, Tradability 23, Holdings not scored, Durability 27. Strongest: Cost (100). Weakest: Tradability (23). Based on 4 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
65
This cap took
−25
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A100 out of 100
    Rank 1 of 15

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 9 of 15

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F23 out of 100
    Rank 15 of 15

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D27 out of 100
    Rank 14 of 15

Our read on DINE

ETF.net Research

In short

CMost income funds hand you ordinary income and a tax bill. DINE routes bond, options, equity and currency income sleeves through year-plus swaps so gains can qualify as long-term capital gains. 0.15% net of a waiver through April 5, 2027.

Stated mandate

DINE seeks capital appreciation through a diversified portfolio of income-based strategies, including fixed income, option-based, equity-income, and currency-income approaches, with tax-management techniques intended to reduce tax impact.

Why people hold it

  • Cheapest headline fee among the category's leaders: 0.15% net of a waiver through April 5, 2027 (0.25% gross), against 0.38% for INCM and 0.50% for IYLD, INKM and ALTY.simplify.us
  • Instead of holding positions directly, it takes exposure via swaps on Simplify ETFs with tenors of at least one year, so gains at expiration can be eligible for long-term capital gains treatment.simplify.us
  • Four income engines in one line item: enhanced core fixed income, option-based income, equity income and foreign currency income, actively run by Simplify.simplify.us

Worth knowing

  • Launched in 2026, it is a small, thinly traded fund, so spreads can be wider than the category's long-running names and there is little history to judge.
  • Swaps instead of direct holdings means counterparty and derivatives risk, and the tax design leans on holding those swaps to expiration under current tax rules.simplify.us
  • The stated goal is capital appreciation and payouts come annually or semiannually, not monthly, so this is not a steady-paycheck vehicle.

DINE Performance

Launched May 4, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
DINE$9,908
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. DINE $9,908. SPY $10,141. Use the arrow keys to read each point.$9,800$10,000$10,200$10,400Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DINE. Periods over one year show the average yearly return.
PeriodDINE
Year to dateFund launched this yearNo data
1 month+0.6%
3 months−0.9%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DINE
YearReturn barDINE
2026 YTD−0.7%

History from May 5, 2026

DINE in the news

DINE Dividends

Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 25, 2026 $0.05; Sep 25, 2026 $0.25. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 25, 2026Sep 30, 2026$0.25
Jun 25, 2026Jun 30, 2026$0.05

DINE Risk

Risk pillarC50 out of 100Rank 9 of 15 in Multi-Asset Income
How much the fund’s monthly returns vary, scaled to a year.
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.21
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DINE Cost

Cheapest in Multi-Asset Income

$3,137

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DINE 0.15%

    $3,137

$10,000
30 years

Cost over time

  • DINE 0.15%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530DINE $3,137

Year by year

YearDINE
10$274
20$1,071
30$3,137
How the 0.15% is worked out

Full fee 0.25%− waiver 0.10%= you pay 0.15%

The waiver ends Apr 5, 2027. After that the fee is 0.25% unless Simplify renews it. Source: prospectus, Apr 2026.

Other funds in Multi-Asset Income

See others