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- Upturn Summary
- Fund Details
Upturn AI Summary
Simplify US Equity PLUS Downside Convexity ETF(SPD)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SPD
10/28/2026: SPD (2-star) is currently NOT-A-BUY. Pass it for now.
Simplify US Equity PLUS Downside Convexity ETF (SPD) provides core exposure to the U.S. equity market while integrating a systematic options overlay designed to offer downside protection. By purchasing put options, the fund seeks to mitigate losses during significant market downturns, making it a defensive tool within a portfolio. Its strengths lie in its active management and pre-defined risk mitigation, though it carries costs associated with option premiums which can impact performance in calm markets. Investors should monitor the effectiveness of the hedge during periods of volatility. It is best suited for risk-conscious long-term investors looking to dampen the impact of market crashes without exiting the equity market entirely.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The hedging strategy may dampen growth potential compared to a pure equity index during strong bull markets. |
| Momentum investor | Weak fit | The defensive cost structure is generally inconsistent with aggressive momentum trading strategies. |
| Value investor | Mixed fit | The fund is suitable if the value investor is seeking to preserve capital during periods of overvaluation. |
| Dividend/Income investor | Weak fit | The fund focuses on capital preservation and equity growth rather than generating steady income. |
| Low-risk investor | Strong fit while signal remains positive | The downside convexity strategy is specifically designed to manage volatility and mitigate severe drawdowns for risk-conscious investors. |
Investor Profile
Ideal Investor Profile
Investors with a long-term horizon who are concerned about market tail risks and want to maintain equity exposure while adding a layer of protection.
Suitability
Best for long-term investors seeking to manage portfolio risk rather than active day traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium | The use of options provides a buffer, but the fund remains exposed to equity market fluctuations. |
| Market risk | Medium / high | The majority of the portfolio is invested in equities, which remain subject to broad market sell-offs. |
| Concentration | Low | The underlying equity exposure is generally broad, mirroring standard U.S. large-cap indices. |
| Tracking/expense | Medium | The management of the options overlay leads to tracking differences compared to pure index funds. |
| Liquidity | Medium | The complexity of the derivative positions can occasionally lead to wider bid-ask spreads. |
| Business/sector quality | Low | The underlying holdings are high-quality, large-cap U.S. equities. |
Risk Analysis
Volatility
SPD exhibits lower volatility than pure equity indices during market stress due to its options overlay.
Market Risk
The primary risk is a general market decline, which the put options help mitigate but do not eliminate.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Stock | S&P 500 Equity Basket | 95 | This component provides broad exposure to the largest U.S. companies to capture long-term equity growth. |
| Derivatives | Put Options (Downside Convexity) | 5 | These options are specifically structured to increase in value during market downturns, providing a buffer against significant losses. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 31.22% | Avg. Invested days 85 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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