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The Simplify Market Neutral Equity Long/Short ETF (EQLS) has not done as well as other similar funds in 2024, mainly because of its sector choices. EQLS has focused on being short in defensive sectors like Utilities and Healthcare, while investing long in Information Technology and Financials, which has not worked out well due to the strong performance of defensive sectors. The success of the fund relies heavily on the portfolio manager's skill in spotting undervalued and overvalued stock pairs.
Market Neutral Fund with outperformance and underperformance relative to the market. Leveraged returns amplify market-neutral strategy movements. Simplify's risk reduction of leverage through dynamic exposure management is a key feature of EQLS ETF.
Simplify Market Neutral Equity Long/Short ETF implements a leveraged long-short stock strategy based on machine learning. The EQLS ETF is net long in financials and energy, and net short in healthcare and consumer staples. Over the last 11 months, EQLS has underperformed a T-bill ETF and two market-neutral ETFs.
Simplify Asset Management is an innovative ETF manager that offers alternative strategies previously only available to institutional investors.
Simplify Asset Management announced the launch of the Simplify Opportunistic Income ETF (NYSE Arca: CRDT). The actively managed opportunistic credit ETF focuses on security selection within the high yield, investment-grade, and distressed debt universes.
FAQ
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