Simplify Tail Risk Strategy ETF (CYA)
Simplify Tail Risk Strategy ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Las Vegas, NV, US. The stock last traded at $0.51, up 1.72% on the session, giving a market capitalisation of $1.7M. Its beta of 0.00 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund functions as a fund of funds, aiming to achieve its investment objectives by allocating capital primarily to other fixed income and income-generating ETFs. It commits between 50% and 90% of its total assets to income-producing ETFs, a portion of which may be managed by or affiliated with the adviser. Additionally, the fund is permitted to dedicate up to 20% of its portfolio to derivative instruments. These derivatives serve to mitigate or partially offset extreme downside exposures, known as "tail risk," stemming from equity investments.
Simplify Tail Risk Strategy ETF is most often compared with the following Financial Services names: