SPD vs OPER

Comparison between SIMPLIFY US EQUITY PLUS DOWNSIDE CONVEXITY ETF (SPD, ETF) and CLEARSHARES ULTRA-SHORT MATURITY ETF (OPER, ETF).

5-Year PerformanceSPD has outperformed OPER, delivering a return of +7.7% compared to +3.8%

SPD vs OPER - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPD(ETF)	OPER(ETF)
Net Assets	$105M	$105M
Expense Ratio	0.53%	0.20%
Max Drawdown	28.49%	3.00%
Sharpe Ratio	0.67	-0.01
5Y Beta	0.97	-0.00
5Y Dividends CAGR	33.89%	60.35%

Net Assets

SPD

$105M

Winner

OPER

$105M

Expense Ratio

SPD

0.53%

Winner

OPER

0.20%

Max Drawdown

SPD

28.49%

Winner

OPER

3.00%

Sharpe Ratio

Winner

SPD

0.67

OPER

-0.01

5Y Beta

SPD

0.97

Winner

OPER

-0.00

5Y Dividends CAGR

SPD

33.89%

Winner

OPER

60.35%

SPD vs OPER - Historical Returns

Returns include dividend reinvestment.

Period	SPD	OPER
1 month	+2.26%	+0.29%
3 months	+3.16%	+0.91%
6 months	+8.98%	+1.77%
1 year	+13.28%	+3.87%
5 years(CAGR)	+7.66%	+3.79%
10 years(CAGR)	N/A	+2.81%
Max(CAGR)	+10.76%	+2.81%

Winner

SPD

+2.26%

OPER

+0.29%

Winner

SPD

+3.16%

OPER

+0.91%

Winner

SPD

+8.98%

OPER

+1.77%

Winner

SPD

+13.28%

OPER

+3.87%

5Y(CAGR)

Winner

SPD

+7.66%

OPER

+3.79%

10Y(CAGR)

SPD

N/A

OPER

+2.81%

Max(CAGR)

Winner

SPD

+10.76%

OPER

+2.81%

SPD vs OPER - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	SPD	OPER
2026	+8.42%	+2.29%
2025	+18.48%	+4.36%
2024	+17.92%	+5.33%
2023	+21.68%	+5.06%
2022	-25.90%	+1.75%
2021	+26.54%	+0.37%
2020	+8.75%	+0.64%
2019	N/A	+2.15%
2018	N/A	+0.90%

SPD vs OPER Drawdown Comparison

The maximum drawdown for SPD was -27.38%, occurring on Dec 28, 2022. Recovery took 618 trading sessions.

The maximum drawdown for OPER was -2.33%, occurring on Nov 19, 2018. Recovery took 280 trading sessions.

The current SPD drawdown is -2.29%. The current OPER drawdown is -0.05%.

Rank	SPD	OPER
#1	-27.38% Dec 27, 2021 - Jun 12, 2024	-2.33% Nov 15, 2018 - Dec 30, 2019
#2	-15.18% Dec 11, 2024 - May 2, 2025	-0.13% Feb 24, 2022 - May 12, 2022
#3	-11.90% Oct 28, 2025 - May 6, 2026	-0.11% Mar 28, 2024 - Apr 2, 2024
#4	-7.24% Oct 12, 2020 - Nov 9, 2020	-0.11% Mar 17, 2020 - May 26, 2020
#5	-7.02% Jul 16, 2024 - Sep 30, 2024	-0.09% Mar 31, 2025 - Apr 8, 2025
#6	-5.56% Aug 30, 2021 - Oct 28, 2021	-0.07% Apr 29, 2026 - May 11, 2026
#7	-5.44% Sep 4, 2020 - Oct 8, 2020	-0.07% Mar 13, 2023 - Mar 20, 2023
#8	-4.47% Nov 8, 2021 - Dec 10, 2021	-0.05% Mar 2, 2021 - Mar 17, 2021
#9	-4.47% Jul 3, 2025 - Sep 11, 2025	-0.05% Aug 19, 2026 - Aug 21, 2026
#10	-4.17% Feb 12, 2021 - Mar 15, 2021	-0.05% Mar 25, 2024 - Mar 27, 2024
#11	-4.17% Jun 2, 2026 - Aug 4, 2026	-0.05% Mar 30, 2023 - Apr 3, 2023
#12	-3.63% May 7, 2021 - May 28, 2021	-0.04% Nov 23, 2022 - Nov 28, 2022
#13	-3.55% May 19, 2025 - Jun 27, 2025	-0.04% May 12, 2026 - May 15, 2026
#14	-3.16% Jan 20, 2021 - Feb 4, 2021	-0.04% Jan 27, 2022 - Feb 24, 2022
#15	-2.96% Oct 6, 2025 - Oct 24, 2025	-0.03% Oct 5, 2023 - Oct 9, 2023