Simplify Enhanced Income ETF
$21.34−0.23 (−1.07%)
- Expense ratio
- 0.50%
- Fund size
- $63M
- 1Y return
- −1.8%
- Yield · Last 12 months
- 6.54%
- Holdings
- 38
- Volume · 30D
- 0M sh
- NAV per share
- $21.60
- 52W range
The ETF.net HIGH Grade
Score 50 of 100 sits in the C 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.BScore 63Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 50Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 47Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 40Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 29Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 67Category rank
Our read on HIGH
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.
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
- 0.50% a year, about half the typical options-income fund's fee and below higher-rated peers like DIVO.
- Spreads, not naked options. Each short put or call is paired with a long leg, so the loss on a single trade is bounded. Managing option-selling tail risk is written into the mandate.simplify.us
- Pays monthly, and the strategy reaches across both equity and fixed-income instruments rather than one index sleeve.
- Sits in the upper half of a crowded 50-plus fund options-income group on our review.
Worth knowing
- Trades lightly next to the category's biggest names, so bid-ask spreads can be wider and order size matters more.
- Fully active with no index to check it against. Outcomes ride on the manager's option selection, and payouts move with the premiums the market offers.
- A compact book (about 40 positions, largely options and collateral) launched in 2022, so it behaves less like a stock basket and has a shorter record than older peers.
HIGH Holdings
- Stocks
- 38
- 158%
- SBIL
Sectors
Geography
HIGH 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 | HIGH |
|---|---|
| Year to date | +0.5% |
| 1 month | +0.1% |
| 3 months | +0.4% |
| 1 year | −1.8% |
| 3 years | +2.4% |
| 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 | +0.5% | |
| 2025 | +4.3% | |
| 2024 | +1.5% | |
| 2023 | +7.7% | |
| 2022 | +0.3% |
HIGH in the news
ETF.net Research hasn’t filed on HIGH yet — coverage lands here as it’s written.
HIGH Dividends
- 6.54%
- $1.41
- $0.10 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.10 |
| Jul 28, 2026 | Jul 31, 2026 | $0.10 |
| Jun 25, 2026 | Jun 30, 2026 | $0.10 |
| May 26, 2026 | May 29, 2026 | $0.10 |
| Apr 27, 2026 | Apr 30, 2026 | $0.10 |
| Mar 26, 2026 | Mar 31, 2026 | $0.10 |
| Feb 24, 2026 | Feb 27, 2026 | $0.11 |
| Jan 27, 2026 | Jan 30, 2026 | $0.12 |
| Dec 23, 2025 | Dec 31, 2025 | $0.13 |
| Nov 21, 2025 | Nov 28, 2025 | $0.15 |
| Oct 28, 2025 | Oct 31, 2025 | $0.15 |
| Sep 25, 2025 | Sep 30, 2025 | $0.15 |
HIGH Risk
- 6.9%
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.
- −0.26
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.
HIGH Cost
- The middle half of S&P 500 Active Option Income funds
- Median 0.55%
5 of the 15 S&P 500 Active Option Income funds charge less.