HARD ETF — Simplify Commodities Strategy No K-1 ETF

Simplify Commodities Strategy No K-1 ETF (HARD)

Updated October 16, 2026.

HARD is an ETF. its distribution rate is 3.40%, its trailing-12-month yield is 3.40%, its expense ratio is 0.78%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Total return is 58.6% over the past 3.6 years, 42.9 points behind SPY at 101.5%.

Simplify Commodities Strategy No K-1 ETF is an actively managed fund that invests in commodity futures contracts, seeking to capture inflation hedging and trend-following returns without issuing K-1 tax forms to shareholders. The fund distributes quarterly with a moderate current distribution rate and carries an expense ratio of 0.78%. It appeals to income and inflation-conscious investors seeking diversified commodity exposure through a futures-based strategy.

HARD performance versus SPY

Price and return data through 2026-10-16.

Total return is 58.6% over the past 3.6 years, 42.9 points behind SPY at 101.5%. Over the past year its total return — price change plus distributions reinvested — is 13.3%. Its deepest 1-year drawdown was 21.0%.

HARD key facts

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

3.30%

Issuer

Simplify ETFs

Asset type

ETF

Asset class

Commodity

Inception date

03/27/2023

Expense ratio

0.78%

Distribution rate

3.40%

Distribution frequency

Quarterly

Trailing yield

3.40%

Last close

$35.31 (as of 2026-10-16)

AUM

$57,878,847

Average volume

9723.0

Dividend

$0.30

Ex-dividend date

09/25/2026

Payment date

09/30/2026

Beta

0.9

How Dividend Vision calculates yield and returns

Distribution rate (3.40%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.40%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Simplify ETFs or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

HARD risks and drawbacks

HARD's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 21.0%.

Who may consider HARD — and who may not

HARD may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (HARD pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on HARD

• All tickers starting with H

Tagged: Active, Futures, Materials.

Frequently asked questions

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