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Upturn AI SWOT - About
Simplify US Equity PLUS Downside Convexity ETF (SPD)
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Upturn Advisory Summary
08/14/2025: SPD (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 35.64% | Avg. Invested days 77 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.69 | 52 Weeks Range 29.46 - 37.84 | Updated Date 06/30/2025 |
52 Weeks Range 29.46 - 37.84 | Updated Date 06/30/2025 |
Upturn AI SWOT
Simplify US Equity PLUS Downside Convexity ETF
ETF Overview
Overview
The Simplify US Equity PLUS Downside Convexity ETF (SPXB) seeks to provide capital appreciation while mitigating downside risk. It aims to deliver market-like returns with enhanced downside protection by using a combination of equity exposure and a ladder of put options.
Reputation and Reliability
Simplify Asset Management is a relatively new ETF issuer focused on creating innovative strategies. While they are new, they are gaining traction for their unique product offerings.
Management Expertise
Simplify Asset Management has a team of experienced investment professionals with a background in derivatives and quantitative strategies.
Investment Objective
Goal
To provide capital appreciation while mitigating downside risk in US equities.
Investment Approach and Strategy
Strategy: The ETF uses a unique strategy that combines equity exposure with a ladder of put options to provide downside protection and enhance convexity.
Composition The ETF primarily invests in US equities and a ladder of put options on the S&P 500 index.
Market Position
Market Share: SPXB's market share within the downside protection ETF category is growing, but remains relatively small compared to more established equity ETFs.
Total Net Assets (AUM): 198702169
Competitors
Key Competitors
- PBP
- RPAR
- QYLD
- XYLD
Competitive Landscape
The competitive landscape includes other ETFs offering downside protection, alternative risk premia strategies or covered call income. SPXB distinguishes itself through its explicit focus on convexity and a laddered options approach. A potential disadvantage is complexity relative to simple index funds.
Financial Performance
Historical Performance: Historical performance varies depending on market conditions; during periods of market declines, the put options are expected to offset some losses. Data needed to populate this.
Benchmark Comparison: The ETF does not track a specific benchmark; performance is evaluated based on its ability to mitigate downside risk compared to the S&P 500 index.
Expense Ratio: 0.5
Liquidity
Average Trading Volume
Average daily trading volume is moderate, which may impact the ease of entering and exiting positions.
Bid-Ask Spread
The bid-ask spread can fluctuate, which impacts the cost of trading this ETF.
Market Dynamics
Market Environment Factors
Economic indicators, volatility levels, and investor sentiment influence the demand for downside protection, affecting SPXB's performance.
Growth Trajectory
Growth trends depend on the market's perception of risk. Changes to strategy and holdings involve adjusting the put option ladder based on market conditions.
Moat and Competitive Advantages
Competitive Edge
SPXB's competitive edge lies in its unique convexity strategy, which aims to provide asymmetric returns by enhancing upside participation while limiting downside risk. The laddered put option approach provides a dynamic layer of protection. This strategy is designed to perform particularly well during periods of high volatility. Its innovative approach can appeal to investors seeking differentiated risk management tools.
Risk Analysis
Volatility
SPXB's volatility will likely be lower than the S&P 500 during market downturns due to the put options, but could be higher during periods of market stability.
Market Risk
Market risk is associated with the underlying equity holdings, while options risk relates to the value of the put options potentially declining if the market rises significantly.
Investor Profile
Ideal Investor Profile
The ideal investor is risk-averse, understands options strategies, and seeks downside protection while still participating in equity market gains.
Market Risk
SPXB is best suited for investors with a moderate to long-term investment horizon who are looking for a way to manage market risk proactively.
Summary
Simplify US Equity PLUS Downside Convexity ETF (SPXB) offers a unique approach to equity investing by combining market exposure with downside protection through a laddered options strategy. This innovative strategy aims to provide capital appreciation while mitigating risk, particularly during market downturns. The ETF is suitable for risk-averse investors who understand options and seek to actively manage their portfolio's exposure to market volatility. While its performance depends on market conditions, SPXB presents a differentiated approach compared to traditional equity ETFs. Its complex strategy warrants due diligence by potential investors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Simplify Asset Management Website
- ETF.com
- Morningstar
Disclaimers:
The data provided is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions. Market share data is estimated and may not be exact.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Simplify US Equity PLUS Downside Convexity ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The adviser seeks to achieve the fund's investment objective by investing primarily in equity securities of U.S. companies and applying a downside convexity option overlay strategy to the equity investments. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies, primarily by purchasing exchange-traded funds (ETFs). The downside convexity option overlay strategy includes purchasing exchange-traded and over-the-counter (OTC) put options on the S&P 500 Index or an S&P 500 Index ETF.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.