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Launched · SEC filings

Simplify Currency Strategy ETF

FOXYNYSE ArcaSimplifyF

$26.43−0.18 (−0.70%)

As of Nov 10, 2026, 11:15 AM ET

F17/ 100

Rank 9 of 9 in Single Currency

F17/100Rank 9 of 9inSingle Currency
Intraday session: down, 22 prints from 26.61 to 26.43. Range 26.40 to 26.54. Use the arrow keys to read each point.26.4026.4526.5026.5510 AM12 PM2 PM4 PM
Expense ratio
0.79%*
Fund size
$167M
1Y total return
+4.0%
Yield · Last 12 months
9.81%
Holdings
13
Avg volume · 30D
88.7K sh
52W range
low $26.50high $32.20
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Oct 31, 2027. Without it: 0.84%.

The ETF.net FOXY Grade

Based on 5 of 6 pillars

F

Score 17 out of 100

Category
Single Currency⁠
Rank
9 of 9
Six-pillar profile for FOXY. Scores out of 100: Cost 6, Risk 33, Mission not scored, Tradability 20, Holdings 72, Durability 36. Strongest: Holdings (72). Weakest: Cost (6). Based on 5 of 6 pillars.

Score 17 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F6 out of 100
    Rank 9 of 9

  • 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.
    D33 out of 100
    Rank 8 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F20 out of 100
    Rank 9 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A72 out of 100
    Rank 3 of 3

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 9 of 9

Our read on FOXY

ETF.net Research

In short

FMost currency ETFs are a vault holding one foreign currency. FOXY is a trading desk: an actively run long/short book across foreign currencies, pairing an emerging-market carry strategy with G10 mean reversion. Simplify launched it in 2025.

Stated mandate

The Fund seeks long-term capital appreciation through long and short foreign-currency positions. It combines carry exposure in emerging-market currencies with mean-reversion exposure in G10 currencies, seeking returns with low stock/bond correlations.

Why people hold it

  • Takes both sides. Rather than tracking one exchange rate, it holds long and short positions in foreign currencies and seeks capital gains from the spread between them.simplify.us
  • Two engines, not one: an emerging-market carry sleeve that leans on interest-rate differentials, plus a G10 mean-reversion sleeve that fades stretched moves in major currencies.simplify.us
  • The rare strategy fund in a shelf of single-currency vehicles. Its peer group is dominated by trusts that each hold one currency (FXE, FXY, FXF); this one trades a basket actively.
  • Comes in a standard 1940 Act fund wrapper, the same registration used by conventional ETFs, rather than a commodity-style grantor trust.

Worth knowing

  • Costs 0.81% a year, roughly double the 0.40% charged by the single-currency trusts it sits beside. Active management and a long/short book are what you're paying for.
  • Launched in 2025, so there's not much history yet. Carry and mean-reversion strategies behave differently across rate cycles, and this one hasn't seen many.
  • Distributions are irregular rather than on a fixed schedule, and the payoff comes from currency positioning, not a stock or bond coupon.

FOXY Performance

Launched Feb 3, 2025

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.
FOXY$10,395
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. FOXY $10,395. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 FOXY. Periods over one year show the average yearly return.
PeriodFOXY
Year to date+5.7%
1 month−2.3%
3 months−3.4%
1 year+4.0%
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 FOXY
YearReturn barFOXY
2026 YTD+5.7%
2025+14.8%

History from Feb 4, 2025

FOXY in the news

FOXY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
9.81%Last 12 months
Payout per share
$2.61Last 12 months
Last payment
$0.22 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 15 payments from 2025 to 2026 YTD. Mar 26, 2025 $0.20; Jun 25, 2025 $0.35; Sep 25, 2025 $0.55; Nov 21, 2025 $0.20; Dec 23, 2025 $0.20; Jan 27, 2026 $0.20; Feb 24, 2026 $0.22; Mar 26, 2026 $0.22; Apr 27, 2026 $0.22; May 26, 2026 $0.22; Jun 25, 2026 $0.22; Jul 28, 2026 $0.23; Aug 26, 2026 $0.23; Sep 25, 2026 $0.23; Oct 27, 2026 $0.22. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 27, 2026Oct 30, 2026$0.22
Sep 25, 2026Sep 30, 2026$0.23
Aug 26, 2026Aug 31, 2026$0.23
Jul 28, 2026Jul 31, 2026$0.23
Jun 25, 2026Jun 30, 2026$0.22
May 26, 2026May 29, 2026$0.22
Apr 27, 2026Apr 30, 2026$0.22
Mar 26, 2026Mar 31, 2026$0.22
Feb 24, 2026Feb 27, 2026$0.22
Jan 27, 2026Jan 30, 2026$0.20
Dec 23, 2025Dec 31, 2025$0.20
Nov 21, 2025Nov 28, 2025$0.20

See all 15 payments⁠

$10,000 in FOXY 1 year ago paid $927 in dividends.⁠

FOXY Risk

Risk pillarD33 out of 100Rank 8 of 9 in Single Currency
How much the fund’s monthly returns vary, scaled to a year.
11.7%
Annualised · 20 months to Oct 2026
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.
0.62
vs 3-month T-bills · 20 months to Oct 2026
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.
−13.1%
21 months · trough Apr 2025
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.
−0.11
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.

FOXY Cost

Compare FOXY and FXY

Overpaying vs FXY, tied cheapest in Single Currency

$7,084

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

  • FOXY 0.79%

    $15,174

  • FXY 0.40% Tied cheapest

    $8,090

$10,000
30 years

Cost over time

  • FOXY 0.79%
  • FXY 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FOXY $15,174FXY $8,090

Year by year

YearFOXYFXYOverpaying
10$1,405$723$682
20$5,331$2,793$2,538
30$15,174$8,090$7,084
How the 0.79% is worked out

Full fee 0.84%− waiver 0.05%= you pay 0.79%

The waiver ends Oct 31, 2027. After that the fee is 0.84% unless Simplify renews it. Source: prospectus, Oct 2026.

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