Simplify Piper Sandler US Small-Cap PLUS Income ETF
$33.45−0.42 (−1.24%)
- Expense ratio
- 0.91%
- Fund size
- $7M
- 1Y return
- +18.4%
- Yield · Last 12 months
- Data unavailable
- Holdings
- 199
- Volume · 30D
- 0M sh
- NAV per share
- $33.78
- 52W range
The ETF.net LITL Grade
Score 25 of 100 sits in the D 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 10Category 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 49Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 6Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 66Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 30Category rank
Our read on LITL
DMost equity income funds sell calls on the stocks they own and cap their own upside. LITL sells put spreads on outside indices instead, bolting an income engine onto an actively rotated basket of about 200 US small caps.
LITL seeks capital appreciation and income through an actively managed opportunistic strategy paired with a risk-managed income-generating options strategy.
Why people hold it
- The overlay sells put spreads on outside equity, bond and commodity indices or ETFs, so premium income is generated without writing calls against the fund's own stock sleeve.simplify.ussimplify.us
- Piper Sandler's model picks the 3-4 style factors (value, profitability, earnings growth and similar) it reads as favorable for the current business cycle, then reranks the universe.simplify.us
- Starts from roughly 2,000 small caps, screens out the most illiquid names, and lands on about 200 holdings. Liquidity screening matters more down here than in large caps.simplify.us
Worth knowing
- 0.91% a year sits well above the active US small-cap median near 0.5%, and several times what systematic peers like AVUV and AVSC charge at 0.25%.
- A 2025 launch that is still small and thinly traded, so bid-ask spreads can be wide and the live record is short.
- Income comes from option premium rather than dividends, so payouts are irregular, and short put spreads can take losses in a sharp selloff alongside the small-cap sleeve.simplify.ussimplify.us
LITL Holdings
- Stocks
- 199
- 70%
- TRS SBAR SOFR +95 061527
Sectors
- Health Care20.0%
- Technology18.2%
- Financials15.0%
- Consumer Discr.12.9%
- Industrials12.6%
- Energy6.1%
- Real Estate5.4%
- Communication5.0%
- Materials2.7%
- Cons. Staples1.5%
- Utilities0.7%
Geography
- United States93.09%
- Bermuda4.55%
- United Kingdom0.60%
- Puerto Rico0.60%
- Switzerland0.59%
- France0.58%
LITL 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 | LITL |
|---|---|
| Year to date | +16.2% |
| 1 month | −1.3% |
| 3 months | +3.1% |
| 1 year | +18.4% |
| 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 | LITL |
|---|---|---|
| 2026 YTD | +16.2% | |
| 2025 | +18.7% |
LITL in the news
ETF.net Research hasn’t filed on LITL yet — coverage lands here as it’s written.
LITL Dividends
- $0.08 per share
- Monthly
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.08 |
| Jul 28, 2026 | Jul 31, 2026 | $0.05 |
| Jun 25, 2026 | Jun 30, 2026 | $0.05 |
| May 26, 2026 | May 29, 2026 | $0.05 |
| Apr 27, 2026 | Apr 30, 2026 | $0.05 |
| Mar 26, 2026 | Mar 31, 2026 | $0.05 |
| Feb 24, 2026 | Feb 27, 2026 | $0.05 |
| Jan 27, 2026 | Jan 30, 2026 | $0.05 |
| Dec 23, 2025 | Dec 31, 2025 | $0.24 |
| Sep 25, 2025 | Sep 30, 2025 | $0.05 |
LITL Risk
- 15.3%
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.
- 1.43
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.
- −9.4%
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.
- 0.66
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
LITL Cost
- The middle half of US Active Small-Cap funds
- Median 0.55%
35 of the 39 US Active Small-Cap funds charge less.