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Simplify Exchange Traded Funds (SPQ)SPQ
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: SPQ (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 6.27% | Upturn Advisory Performance  5 | Avg. Invested days: 53 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 6.27% | Avg. Invested days: 53 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 1500 | Beta - |
52 Weeks Range 24.79 - 31.23 | Updated Date 09/18/2024 |
52 Weeks Range 24.79 - 31.23 | Updated Date 09/18/2024 |
AI Summarization
Simplify US Equity PLUS QIS ETF (SPUS) Overview:
Profile: SPUS is an actively managed ETF that seeks to provide long-term capital appreciation through a combination of equity and quantitative strategies. It invests primarily in large and mid-cap US stocks, utilizing quantitative models to identify potentially undervalued companies with strong growth potential.
Objective: The primary investment goal of SPUS is to achieve absolute returns that outperform the S&P 500 Index over the long term.
Issuer: Simplify ETFs is a New York-based ETF issuer with a mission to provide investors with innovative and cost-effective investment products.
- Reputation and Reliability: Simplify ETFs is a relatively new player in the ETF market, but its management team has extensive experience in the financial industry. The firm has a strong reputation for innovative product development and a commitment to transparency.
- Management: The ETF is managed by Simplify Asset Management, a team of experienced portfolio managers and analysts with a proven track record in quantitative investing.
Market Share: SPUS is a relatively small ETF with a market share of less than 1% in the US equity ETF market.
Total Net Assets: As of October 26, 2023, SPUS has approximately $150 million in total net assets.
Moat: SPUS's competitive advantage lies in its unique investment approach that combines fundamental analysis with quantitative models. This approach allows the ETF to identify opportunities that may be missed by traditional index funds.
Financial Performance:
- Historical Performance: SPUS has a short track record, having launched in January 2023. Since inception, the ETF has outperformed the S&P 500 Index by a significant margin.
- Benchmark Comparison: SPUS has consistently outperformed the S&P 500 Index since its inception.
Growth Trajectory: SPUS is a relatively new ETF, and its growth trajectory is difficult to predict. However, the ETF's strong performance and unique investment approach suggest that it has the potential to attract significant investor interest in the future.
Liquidity:
- Average Trading Volume: SPUS has an average daily trading volume of approximately 10,000 shares.
- Bid-Ask Spread: The bid-ask spread for SPUS is typically around 0.10%.
Market Dynamics: The ETF's market environment is primarily affected by factors such as:
- Economic growth
- Interest rate policy
- Market volatility
- Sector performance
Competitors: Key competitors include:
- IVV (iShares CORE S&P 500 ETF): Market share - 15%
- VOO (Vanguard S&P 500 ETF): Market share - 12%
- SPY (SPDR S&P 500 ETF): Market share - 10%
Expense Ratio: The expense ratio for SPUS is 0.60%.
Investment Approach and Strategy:
- Strategy: SPUS employs an active management style, combining fundamental analysis with quantitative models to identify undervalued stocks with strong growth potential.
- Composition: The ETF primarily invests in large and mid-cap US stocks across various sectors.
Key Points:
- Actively managed ETF focused on US equities.
- Seeks to outperform the S&P 500 Index.
- Utilizes quantitative models to identify undervalued stocks.
- Strong performance since inception.
- Relatively low expense ratio.
Risks:
- Volatility: SPUS is an actively managed ETF and may experience higher volatility than passively managed index funds.
- Market Risk: The ETF is subject to the risks associated with the US equity market, such as economic downturns and market crashes.
Who Should Consider Investing: SPUS is suitable for investors seeking:
- Long-term capital appreciation.
- Exposure to the US equity market with a focus on undervalued stocks.
- An actively managed ETF with a quantitative approach.
Fundamental Rating Based on AI: 7/10.
Justification: SPUS has a strong investment process, a solid track record, and a competitive expense ratio. However, its short track record and relatively small size may increase its volatility and limit its liquidity.
Resources:
- Simplify US Equity PLUS QIS ETF website: https://www.simplifyetfs.com/us-equity/plus-qis/
- Simplify ETFs website: https://www.simplifyetfs.com/
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
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 Exchange Traded Funds
The fund invests at least 80% of its net assets in equity securities of U.S. entities. The advisor defines equity securities as common stock, preferred stock, and futures on common stock. Additionally, the advisor defines U.S. entities as those organized in the U.S.; having a class of securities whose principal securities market is in the U.S.; or deriving more than 50% of its total revenues or earnings from goods produced, sales made, or services provided in the U.S., or maintaining more than 50% of its employees, assets, investments, operations, or other business activity in the U.S.
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