---
ticker: "HARD"
name: "Simplify Commodities Strategy No K-1 ETF"
url: "https://etf.net/etf/HARD"
grade: "C"
score: 52
graded_at: "2026-10-12"
category: "Commodity Futures"
category_rank: "7 of 15"
methodology: "https://etf.net/methodology"
---

# HARD: Simplify Commodities Strategy No K-1 ETF

Grade **C**, Score 52 of 100. Rank 7 of 15 in Commodity Futures.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 64 | 6 of 15 |
| Mission | Not scored | — |
| Risk | 41 | 10 of 15 |
| Tradability | 37 | 10 of 15 |
| Holdings | Not scored | — |
| Durability | 58 | 7 of 15 |

## Top holdings

The fund holds 21 positions. These are the largest 21, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SBIL | Simplify E Govt Money Mkt Etf | 28.40% |
| 2 | — | Brent Crude Futr DEC26 | 12.21% |
| 3 | — | Brent Crude Futr JAN27 | 9.81% |
| 4 | — | Ny Harb Ulsd Fut DEC26 | 6.45% |
| 5 | — | Gasoline Rbob Fut DEC26 | 6.12% |
| 6 | — | Low Su Gasoil G DEC26 | 5.13% |
| 7 | — | B 12/29/26 Govt | 4.25% |
| 8 | — | Copper Future DEC26 | 3.81% |
| 9 | — | Soybean Oil Futr JAN27 | 3.70% |
| 10 | — | B 1/12/27 Govt | 3.47% |
| 11 | — | Cotton NO.2 Futr MAR27 | 3.39% |
| 12 | — | B 12/08/26 Govt | 3.10% |
| 13 | — | Sugar #11 (World) MAR27 | 2.29% |
| 14 | — | B 12/15/26 Govt | 1.55% |
| 15 | — | Cash | 1.54% |
| 16 | — | Sugar #11 (World) MAY27 | 1.03% |
| 17 | — | B 10/22/26 Govt | 0.78% |
| 18 | — | B 11/5/26 Govt | 0.78% |
| 19 | — | B 11/19/26 Govt | 0.78% |
| 20 | — | B 2/2/27 Govt | 0.77% |
| 21 | — | Soybean Oil Futr DEC26 | 0.67% |

Source: etf.net, https://etf.net/etf/HARD. Please cite the page URL.