Simplify Nasdaq 100 plus Downside convexity ETF (QQD)
Simplify Nasdaq 100 plus Downside convexity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $23.18, up 0.54% on the session, giving a market capitalisation of $5.2M. Its beta of 0.00 implies it has historically moved less than the broad market.
The fund allocates a minimum of 80% of its total capital, including any borrowed funds, to equity investments, primarily by acquiring exchange-traded funds (ETFs) that track companies within the NASDAQ-100 Index. A portion of its net assets, up to 20%, is dedicated to a "downside convexity option overlay." This strategic overlay involves the purchase of both publicly traded and over-the-counter (OTC) put options, which are linked to the performance of either the NASDAQ-100 Index itself or an ETF tracking it.
Simplify Nasdaq 100 plus Downside convexity ETF is most often compared with the following Financial Services names: