SPD ETF — Simplify US Equity PLUS Downside Convexity ETF

Simplify US Equity PLUS Downside Convexity ETF (SPD)

Updated October 16, 2026.

SPD is an ETF. its distribution rate is 1.94%, its trailing-12-month yield is 1.21%, its expense ratio is 0.53%. Dividend Vision Distribution Safety Score™ is 72/100 (Generally safe). Total return is 73.8% over the past 28.8 years, 1114.3 points behind SPY at 1188.1%.

Simplify US Equity PLUS Downside Convexity ETF is an exchange-traded fund that invests primarily in U.S. equity securities, mainly through other ETFs, while layering in a downside convexity option strategy that uses put options on the S&P 500 Index to provide protection during market declines. The fund distributes quarterly and carries an expense ratio of 0.53%, with a modest current distribution rate. This approach may appeal to equity investors seeking a combination of market participation with downside protection through options strategies.

SPD performance versus SPY

Price and return data through 2026-10-16.

Total return is 73.8% over the past 28.8 years, 1114.3 points behind SPY at 1188.1%. Over the past year its total return — price change plus distributions reinvested — is 7.1%. Its deepest 1-year drawdown was 11.9%.

SPD key facts

Distribution Safety Score™

72 · Generally safe

Safety-Adjusted Yield

1.40%

Issuer

Simplify ETFs

Asset type

ETF

Asset class

Equity

Inception date

09/03/2020

Expense ratio

0.53%

Distribution rate

1.94%

Distribution frequency

Quarterly

Trailing yield

1.21%

Last close

$41.27 (as of 2026-10-16)

AUM

$103,036,002

Average volume

5160.0

Dividend

$0.20

Ex-dividend date

09/25/2026

Payment date

09/30/2026

Beta

0.94

How Dividend Vision calculates yield and returns

Distribution rate (1.94%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.21%) 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; 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.

SPD risks and drawbacks

SPD'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 11.9%.

Who may consider SPD — and who may not

It is a weaker fit for investors who need monthly cash flow (SPD 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 SPD

• All tickers starting with S

Frequently asked questions

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