---
ticker: "SPD"
name: "Simplify US Equity PLUS Downside Convexity ETF"
url: "https://etf.net/etf/SPD"
grade: "B"
score: 62
graded_at: "2026-10-12"
category: "Portfolio Hedging"
category_rank: "3 of 13"
methodology: "https://etf.net/methodology"
---

# SPD: Simplify US Equity PLUS Downside Convexity ETF

Grade **B**, Score 62 of 100. Rank 3 of 13 in Portfolio Hedging.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 74 | 4 of 13 |
| Mission | Not scored | — |
| Risk | 62 | 5 of 13 |
| Tradability | 40 | 11 of 13 |
| Holdings | 40 | 4 of 6 |
| Durability | 65 | 6 of 13 |

## Top holdings

The fund holds 21 positions. These are the largest 21, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | IVV | Ishares Core S+p 500 Etf | 91.52% |
| 2 | — | Trs Sbar 051427 | 14.39% |
| 3 | — | Trs Sbar 061527 | 9.67% |
| 4 | — | S&P500 Emini Fut DEC26 | 5.04% |
| 5 | — | B 1/28/27 Govt | 1.80% |
| 6 | — | Cash | 0.63% |
| 7 | — | B 12/3/26 Govt | 0.49% |
| 8 | — | SPXW US 11/20/26 P7050 Index | 0.20% |
| 9 | — | SPXW US 11/20/26 P6525 Index | 0.15% |
| 10 | — | SPXW US 11/20/26 C8000 Index | 0.10% |
| 11 | — | SPXW US 11/30/26 C8150 Index | 0.07% |
| 12 | — | SPXW US 12/18/26 C8275 Index | 0.07% |
| 13 | — | SPXW US 12/18/26 C8250 Index | 0.06% |
| 14 | — | SPXW US 11/13/26 C8100 Index | 0.05% |
| 15 | — | SPXW US 11/30/26 C8250 Index | 0.03% |
| 16 | — | SPXW US 11/20/26 C8150 Index | 0.03% |
| 17 | — | SPXW US 10/16/26 C7860 Index | 0.02% |
| 18 | — | SPXW US 11/20/26 C8250 Index | 0.02% |
| 19 | — | SPXW US 10/16/26 C7900 Index | 0.01% |
| 20 | — | SPXW US 11/20/26 C8350 Index | <0.01% |
| 21 | — | SPXW US 10/16/26 P6350 Index | <0.01% |

Source: etf.net, https://etf.net/etf/SPD. Please cite the page URL.