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LQ

GradeCNASDAQ

Simplify Tax Aware Alternatives ETF

Multi-Asset & Alternatives · Simplify · Inception 2026-05-04 · SEC filings

$24.20−0.13 (−0.53%)

As of Sep 23, 2026, 2:30 PM EDT

History starts May 5, 2026.History starts May 5, 2026.History starts May 5, 2026.
Intraday session: down, 6 prints from 24.33 to 24.20. Range 24.20 to 24.25. Use the arrow keys to read each point.$24.22$24.2410 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$2M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$24.33
52W range
low $23.50high $25.22

The ETF.net LQ Grade

C

40/ 100

Rank 28 of 38 in Multi-Asset Allocation⁠

Confidence Medium

Six-pillar profile for LQ. Scores out of 100: Cost 91, Risk 42, Mission not scored, Tradability 23, Holdings not scored, Durability 37. Strongest: Cost (91). Weakest: Tradability (23). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned60This cap took−20Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 91
    Category rank5/38 · top 13%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 42
    Category rank26/36 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 23
    Category rank32/38 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 37
    Category rank27/38 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on LQ

ETF.net Research

CSimplify's alternatives lineup (managed futures, commodities, currencies, energy, tail hedges) in one ticker, held through year-plus swaps so gains at expiry can qualify as long-term capital gains. The tax plumbing is the product.

Stated mandate

The Fund seeks long-term capital appreciation through a diversified, actively managed portfolio of alternative strategies designed to diversify traditional stock-and-bond portfolios and reduce the tax impact of investing.

Why people hold it

  1. 010.25% a year for an actively managed alternatives book, well under the typical fund in the multi-asset allocation group.sec.gov
  2. 02Exposure runs through swaps on Simplify ETFs with tenors of at least one year, so gains at expiration are eligible for long-term capital gains treatment.simplify.us
  3. 03One holding covers managed futures, commodities, currencies, energy infrastructure and tail-risk hedges, instead of stacking separate strategy tickers.simplify.ussimplify.us
  4. 04Mandate is the classic diversifier job: strategies chosen for low correlation to stocks and bonds, run globally and actively.simplify.us

Worth knowing

  1. 01Launched in 2026 with a small asset base and light trading, so there is little live history to judge and quotes can be wide.
  2. 02Results ride on Simplify's own in-house strategies, and swap-based exposure carries counterparty risk that directly held positions do not.simplify.us
  3. 03Payouts come annually or semiannually, and the fund notes the final tax character of a distribution is set on Form 1099-DIV, not at payment.simplify.us

LQ Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
—
Top-10 weight
202%
Largest holding
B 1/28/27 Govt51.3%

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—B 1/28/27 Govt51.27%1,275,000$1M31
002—B 12/3/26 Govt50.59%1,250,000$1M32
003—TRS FOXY SOFR +93 060427 BULLET24.64%21,578$604K2
004—TRS CTA SOFR +93 060427 BULLET23.46%19,173$575K1
005—TRS HEQT SOFR +93 060427 BULLET15.95%11,393$391K1
006—TRS BUCK SOFR +93 060427 BULLET15.21%15,968$373K2
007—TRS KNRG SOFR +93 060427 BULLET10.13%9,720$248K1
008—TRS YGLD SOFR +93 060427 BULLET9.12%6,626$223K1
009—B 12/31/26 Govt1.21%30,000$30K27
010—Cash0.49%11,936$12K104

Showing 1–10 of 10 holdings

LQ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

LQ$10,196
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. LQ $10,196. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for LQ. Periods over one year show the average yearly return.
PeriodLQ
Year to dateFund launched this year—
1 month−0.7%
3 months+2.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LQ
YearReturn barLQ
2026 YTD−2.2%

History from May 5, 2026

LQ in the news

ETF.net Research hasn’t filed on LQ yet — coverage lands here as it’s written.

LQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Jun 25, 2026 $0.05. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 30, 2026$0.05

LQ Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
1.21
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

LQ Cost

Expense ratio0.25%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

4 of the 37 Multi-Asset Allocation funds charge less.

LQ costs $25.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.