SDMF vs SPAL

Comparison between SIMPLIFY DBI CTA MANAGED FUTURES INDEX ETF (SDMF, ETF) and GraniteShares 2x Long SpaceX Daily ETF (SPAL, ETF).

SDMF vs SPAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SDMF(ETF)	SPAL(ETF)
Net Assets	$31M	$31M
Expense Ratio	0.35%	N/A
Max Drawdown	6.23%	67.60%
Sharpe Ratio	0.41	-5.90
5Y Beta	0.16	4.84

Net Assets

SDMF

$31M

Winner

SPAL

$31M

Expense Ratio

SDMF

0.35%

SPAL

N/A

Max Drawdown

Winner

SDMF

6.23%

SPAL

67.60%

Sharpe Ratio

Winner

SDMF

0.41

SPAL

-5.90

5Y Beta

Winner

SDMF

0.16

SPAL

4.84

SDMF vs SPAL - Historical Returns

Returns include dividend reinvestment.

Period	SDMF	SPAL
1 month	+1.50%	-39.09%
3 months	+3.80%	N/A
6 months	+3.42%	N/A
Max(CAGR)	+8.43%	-100.00%

Winner

SDMF

+1.50%

SPAL

-39.09%

SDMF

+3.80%

SPAL

N/A

SDMF

+3.42%

SPAL

N/A

Max(CAGR)

Winner

SDMF

+8.43%

SPAL

-100.00%

SDMF vs SPAL - Annual Returns (2026 - 2026)

Returns include dividend reinvestment.

Year	SDMF	SPAL
2026	+3.42%	-62.82%

SDMF vs SPAL Drawdown Comparison

The maximum drawdown for SDMF was -6.23%, occurring on Mar 23, 2026. Recovery took 64 trading sessions.

The maximum drawdown for SPAL was -67.60%, occurring on Jul 20, 2026. This drawdown has not yet recovered.

The current SPAL drawdown is -65.72%.

Rank	SDMF	SPAL
#1	-6.23% Feb 27, 2026 - Jun 1, 2026	-67.60% Jun 16, 2026 - Jul 20, 2026
#2	-3.51% Jun 3, 2026 - Jul 21, 2026	N/A
#3	-0.23% Feb 25, 2026 - Feb 27, 2026	N/A
#4	-0.03% Feb 20, 2026 - Feb 24, 2026	N/A

Correlation

Correlation between SDMF and SPAL is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

-101