Simplify Enhanced Income ETF
The ETF.net HIGH Grade
C
Score 47 out of 100
- 9 of 16
Score 47 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.
Cost
The fund’s net expense ratio, ranked against its category.C53 out of 100Rank 7 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.C50 out of 100Rank 7 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 9 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 10 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D29 out of 100Rank 15 of 15Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B67 out of 100Rank 4 of 16
Our read on HIGH
In short
CMost income ETFs sell calls on stocks they own. HIGH instead runs an algorithm that sells short-dated put and call spreads across equity and bond instruments, aiming for monthly income at roughly half the typical cost in its peer group.
Stated mandate
HIGH seeks monthly income by actively selling short-dated put and call spreads across equity and fixed-income instruments, potentially including indices, ETFs, and individual securities. Its algorithm seeks risk-adjusted returns while managing option-selling tail risk.
Why people hold it
Worth knowing
HIGH Holdings
- Stocks
- 19
- 165%
- SBIL
Sectors
- Financials100.0%
Geography
- United States100.00%
HIGH Performance
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.
HIGH$9,550
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.
| Period | HIGH |
|---|---|
| Year to date | −2.1% |
| 1 month | −1.1% |
| 3 months | −1.1% |
| 1 year | −4.5% |
| 3 years | +1.5% |
| 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 | HIGH |
|---|---|---|
| 2026 YTD | −2.1% | |
| 2025 | +4.3% | |
| 2024 | +1.5% | |
| 2023 | +7.7% | |
| 2022 | +0.3% |
HIGH in the news
HIGH Dividends
- 6.29%
- $1.31
- $0.10 per share
- Monthly
HIGH Risk
- 7.0%
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.
- −0.38
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.
- −9.5%
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.
- −0.01
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.
HIGH Cost
Overpaying vs SPIN, cheapest in S&P 500 Active Option Income
$5,929
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
HIGH 0.56%
$11,088
SPIN 0.25% Cheapest
$5,159
Cost over time
Year by year
| Year | HIGH | SPIN | Overpaying |
|---|---|---|---|
| 10 | $1,006 | $455 | $551 |
| 20 | $3,855 | $1,769 | $2,086 |
| 30 | $11,088 | $5,159 | $5,929 |
You pay 0.56%Waived by Simplify 0.05%
Full fee 0.61% waiver 0.05% you pay 0.56%
Other funds in S&P 500 Active Option Income
- ADUBSAptus Large Cap Enhanced Yield ETFExpense ratio 0.40%1 year return +15.3%
- CJUDOJanus Henderson U.S. Equity Enhanced Income ETFExpense ratio 0.55%1 year return
- DUPSDAptus Large Cap Upside ETFExpense ratio 0.79%1 year return +13.9%
- DLCTOKurv U.S. Large Cap TaxOptimized ETFExpense ratio 0.70%1 year return
- FACEIInnovator Equity Autocallable Income Strategy ETFExpense ratio 0.79%1 year return +4.0%
