Category Review
The largest alternatives fund has no one-year record
Simplify Barrier Income ETF
$25.37+0.06 (+0.24%)
- 0.75%
- $440M
- +10.3%
- 12.33%
- 0.1M sh
- $25.29
- low $24.26high $26.78
The ETF.net SBAR Grade
C
Score 45 out of 100
- 13 of 24
Score 45 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.D30 out of 100Rank 15 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 12 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 7 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D37 out of 100Rank 13 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 7 of 24
Our read on SBAR
CWall Street sells worst-of barrier notes to private clients. SBAR puts that trade in a ticker: it sells put options struck 30% below, measured on the weakest of three US equity baskets, and pays the premiums out monthly.
The fund seeks monthly income. Its adviser combines interest income with income-generating option spreads, primarily using a worst-of-three barrier put spread and adjusting other put-spread allocations as market conditions dictate.
Why people hold it
- The risk line is drawn in advance: a 30% barrier measured on the worst performer of three baskets (US large cap, small cap, growth). You know where the trapdoor sits before you buy.simplify.ussimplify.us
- No bank paper involved. Structured notes lean on the issuer staying solvent and often land a K-1 in your mailbox; this is a 1940 Act ETF that trades all day and skips both.simplify.us
- Options roll automatically, so there is no outcome period to track and no entry window to miss. Two income engines feed the monthly payout: option premiums plus interest on the collateral.simplify.us
Worth knowing
- You are paid in premiums, not participation. When the reference baskets rally hard, the payoff is still the income stream, not the rally.simplify.us
- Worst-of means the weakest basket sets the risk, and small caps and growth swing hardest. Downside shows up only if that laggard closes below the barrier at expiration.simplify.ussimplify.us
- Launched in 2025, so the history is thin, and the fee sits around the middle of the options-income pack rather than below it.
SBAR Holdings
- Stocks
- 8
- 103%
- SBIL
Sectors
- Financials100.0%
Geography
- United States100.00%
SBAR 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.Not enough history yet.
SBAR$11,026
Returns run to the Oct 12, 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 | SBAR |
|---|---|
| Year to date | +5.8% |
| 1 month | +0.1% |
| 3 months | +1.5% |
| 1 year | +10.3% |
| 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 | SBAR |
|---|---|---|
| 2026 YTD | +5.8% | |
| 2025 | +13.8% |
SBAR in the news
SBAR Dividends
- 12.33%
- $3.12
- $0.25 per share
- Monthly
Distribution history
SBAR Risk
- 6.4%
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.
- 1.28
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.
- −5.3%
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.
- 0.40
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SBAR Cost
0.75%
SBAR0.75%
- The middle half of Other Index Option Income funds
- Median 0.73%
14 of the 24 Other Index Option Income funds charge less.
Other funds in Other Index Option Income
- CGTRWisdomTree Target Range FundExpense ratio 0.70%1 year return +13.8%
- COMAHVistaShares Target 15 Berkshire Select Income ETFExpense ratio 0.95%1 year return +11.2%
- CXVSimplify Target 15 Distribution ETFExpense ratio 0.75%1 year return +10.3%
- CDOGGFT Vest DJIA Dogs 10 Target Income ETFExpense ratio 0.75%1 year return +17.4%
- CACIIInnovator Index Autocallable Income Strategy ETFExpense ratio 0.79%1 year return +10.9%