Simplify Currency Strategy ETF
$27.34−0.24 (−0.87%)
- Expense ratio
- 0.81%
- Fund size
- $374M
- 1Y return
- +8.9%
- Yield · Last 12 months
- 9.83%
- Holdings
- 18
- Volume · 30D
- 0.1M sh
- NAV per share
- $27.76
- 52W range
The ETF.net FOXY Grade
Score 21 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 6Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 45Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 20Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.FScore 21Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 48Category rank
Our read on FOXY
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.
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 Holdings
- Other
- 18
- 371%
- SBIL
Sectors
FOXY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | FOXY |
|---|---|
| Year to date | +7.7% |
| 1 month | +0.4% |
| 3 months | −3.3% |
| 1 year | +8.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FOXY |
|---|---|---|
| 2026 YTD | +7.7% | |
| 2025 | +14.8% |
FOXY in the news
ETF.net Research hasn’t filed on FOXY yet — coverage lands here as it’s written.
FOXY Dividends
- 9.83%
- $2.71
- $0.23 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.23 |
| Jul 28, 2026 | Jul 31, 2026 | $0.23 |
| Jun 25, 2026 | Jun 30, 2026 | $0.22 |
| May 26, 2026 | May 29, 2026 | $0.22 |
| Apr 27, 2026 | Apr 30, 2026 | $0.22 |
| Mar 26, 2026 | Mar 31, 2026 | $0.22 |
| Feb 24, 2026 | Feb 27, 2026 | $0.22 |
| Jan 27, 2026 | Jan 30, 2026 | $0.20 |
| Dec 23, 2025 | Dec 31, 2025 | $0.20 |
| Nov 21, 2025 | Nov 28, 2025 | $0.20 |
| Sep 25, 2025 | Sep 30, 2025 | $0.55 |
| Jun 25, 2025 | Jun 30, 2025 | $0.35 |
FOXY Risk
- 12.3%
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.
- 0.73
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.
- −13.1%
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.
- −0.12
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FOXY Cost
- The middle half of Single Currency funds
- Median 0.40%
Every other Single Currency fund charges less.