Simplify Barrier Income ETF
$25.55−0.15 (−0.58%)
- Expense ratio
- 0.75%
- Fund size
- $425M
- 1Y return
- +9.5%
- Yield · Last 12 months
- 12.26%
- Holdings
- 5
- Volume · 30D
- 0.1M sh
- NAV per share
- $25.64
- 52W range
The ETF.net SBAR Grade
Score 45 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.DScore 30Category 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 54Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 64Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 37Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 74Category rank
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
- 5
- 103%
- SBIL
Sectors
Geography
SBAR 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 | SBAR |
|---|---|
| Year to date | +6.4% |
| 1 month | +0.9% |
| 3 months | +2.4% |
| 1 year | +9.5% |
| 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 | +6.4% | |
| 2025 | +13.8% |
SBAR in the news
ETF.net Research hasn’t filed on SBAR yet — coverage lands here as it’s written.
SBAR Dividends
- 12.26%
- $3.15
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.25 |
| Jul 28, 2026 | Jul 31, 2026 | $0.25 |
| Jun 25, 2026 | Jun 30, 2026 | $0.25 |
| May 26, 2026 | May 29, 2026 | $0.25 |
| Apr 27, 2026 | Apr 30, 2026 | $0.25 |
| Mar 26, 2026 | Mar 31, 2026 | $0.25 |
| Feb 24, 2026 | Feb 27, 2026 | $0.25 |
| Jan 27, 2026 | Jan 30, 2026 | $0.28 |
| Dec 23, 2025 | Dec 31, 2025 | $0.28 |
| Nov 21, 2025 | Nov 28, 2025 | $0.28 |
| Oct 28, 2025 | Oct 31, 2025 | $0.28 |
| Sep 25, 2025 | Sep 30, 2025 | $0.28 |
SBAR Risk
- 6.5%
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.
- 1.37
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
- The middle half of Other Index Option Income funds
- Median 0.74%
13 of the 23 Other Index Option Income funds charge less.