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SPDvsHCMTETF Comparison

ETF 1

SPD

Simplify US Equity PLUS Downside Convexity ETF

This fund is part of

Options Strategies

+0.51%

Full SPD fund page

VS

ETF 2

HCMT

Direxion HCM Tactical Enhanced US ETF

This fund is part of

Alternatives

+0.44%

Full HCMT fund page

Simplify US Equity PLUS Downside Convexity ETF (SPD) belongs to the Options Strategies segment. Direxion HCM Tactical Enhanced US ETF (HCMT) is part of the Alternatives segment. SPD's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, HCMT's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. SPD is less expensive with a Total Expense Ratio (TER) of 0.53%, versus 1.18% for HCMT. SPD is up 7.54% year-to-date (YTD) with -$21M in YTD flows. HCMT performs worse with 7.06% YTD performance, and -$22M in YTD flows. Run a side-by-side ETF comparison of SPD and HCMT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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SPD vs HCMT performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SPD HCMT	-2.00%-1.25%	+2.41%+2.02%	+7.54%+7.06%	+8.08%+15.07%	+58.33%+63.59%	+42.61%n/a
Flows	SPD HCMT	--$5M	-$5M-$13M	-$21M-$22M	-$50K-$15M	-$36M+$229M	-$138M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SPD HCMT	+14.60%+33.24%	+13.47%+28.50%	+17.17%+29.47%	+16.35%n/a
Max drawdown	SPD HCMT	-4.22%-14.82%	-11.92%-15.61%	-14.87%-36.18%	-26.93%n/a
Max drawdown duration	SPD HCMT	49d58d	185d101d	98d246d	897dn/a

Trading data

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	SPD	HCMT
Last sale 9/11/2026 at 1:30 PM	$41.99	$41.14
Previous close 09/10/2026	$41.64	$40.39
Consolidated volume 09/10/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 9/11/2026 at 1:30 PM

Live

Closed

	SPD	HCMT
Last price	$41.99	$41.14
1D performance	+0.86%	+1.86%
AuM	$102.82 M	$594.89 M
E/R	0.53%	1.18%

Characteristics

	SPD	HCMT
Management strategy	Active	Active
Provider	Simplify	Direxion
Benchmark	-	-
N° of holdings	504	500
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	September 3, 2020	June 22, 2023
ESG	No	No

More SPD data on Trackinsight

More HCMT data on Trackinsight

Exposure

Countries

SPD

USA

97.13%

Other

2.87%

HCMT

USA

82.72%

Other

17.28%

Sectors

SPD

Technology

43.02%

Finance

13.47%

Healthcare

8.64%

Consumer Non-Cycl.

8.59%

Industrials

7.53%

Other

18.75%

HCMT

Technology

37.93%

Finance

11.79%

Consumer Non-Cycl.

7.98%

Healthcare

7.54%

Other

34.76%

Diversification

SPD

Total weight of top 15 holdings out of 15

43.12%

HCMT

Total weight of top 15 holdings out of 15

37.35%

Top 15 holdings

Data as of July 31, 2026

SPD

Apple, Inc.

7.35%

NVIDIA Corp.

7.09%

Microsoft Corp.

5.03%

Amazon.com, Inc.

3.46%

Alphabet, Inc.

2.94%

Broadcom Inc.

2.76%

Alphabet, Inc.

2.37%

USA, Bills 0% 1sep2026, USD (119D)

2.20%

Meta Platforms, Inc.

1.78%

Micron Technology, Inc.

1.48%

JPMorgan Chase & Co.

1.41%

Berkshire Hathaway, Inc.

1.40%

Eli Lilly & Co.

1.37%

Tesla, Inc.

1.31%

Advanced Micro Devices, Inc.

1.19%

HCMT

NVIDIA Corp.

6.40%

Apple, Inc.

5.98%

Microsoft Corp.

4.55%

Amazon.com, Inc.

3.50%

Alphabet, Inc.

2.75%

Broadcom Inc.

2.43%

Alphabet, Inc.

2.22%

Meta Platforms, Inc.

1.61%

JPMorgan Chase & Co.

1.24%

Berkshire Hathaway, Inc.

1.23%

Micron Technology, Inc.

1.22%

Eli Lilly & Co.

1.20%

Tesla, Inc.

1.15%

Advanced Micro Devices, Inc.

1.02%

ExxonMobil Holdings Corp.

0.85%

Frequently asked questions about SPD and HCMT

How have the SPD and HCMT ETFs performed in 2026?

As of September 11, 2026, SPD is up 7.54% year-to-date (YTD), while HCMT has returned 7.06%. That puts SPD better performer ahead so far this year.

Which ETF is attracting more investor money: SPD or HCMT?

Year-to-date, the SPD ETF saw -$21M in flows, compared to -$22M for HCMT.

Which ETF is more volatile: SPD or HCMT?

Over the past year, SPD had a volatility of 13.47%, while HCMT experienced 28.5%.

Which ETF is bigger: SPD or HCMT?

As of September 11, 2026, SPD holds $102.82 M in assets under management (AUM), while HCMT manages $594.89 M.

What sectors do the SPD and HCMT ETFs invest in?

SPD leans toward sectors like Technology, Finance and Healthcare. Meanwhile, HCMT focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the SPD ETF and HCMT ETF?

SPD top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. HCMT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: SPD or HCMT?

SPD holds 507 securities with 43.12% of its assets in the top 15. HCMT has 503 securities and a top 15 weight of 37.35%.

Episode 8: Laura Morrison, Chief Revenue Officer at Direxion

July 25, 2023

HCMT

Hedging tail risk: ETFs with crash protection

September 8, 2022

SPD

SPDvsHCMTETF Comparison

Simplify US Equity PLUS Downside Convexity ETF

Direxion HCM Tactical Enhanced US ETF

SPD vs HCMT performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the SPD and HCMT ETFs performed in 2026?

As of September 11, 2026, SPD is up 7.54% year-to-date (YTD), while HCMT has returned 7.06%. That puts SPD better performer ahead so far this year.

Which ETF is attracting more investor money: SPD or HCMT?

Year-to-date, the SPD ETF saw -$21M in flows, compared to -$22M for HCMT.

Which ETF is more volatile: SPD or HCMT?

Over the past year, SPD had a volatility of 13.47%, while HCMT experienced 28.5%.

Which ETF is bigger: SPD or HCMT?

As of September 11, 2026, SPD holds $102.82 M in assets under management (AUM), while HCMT manages $594.89 M.

What sectors do the SPD and HCMT ETFs invest in?

SPD leans toward sectors like Technology, Finance and Healthcare. Meanwhile, HCMT focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the SPD ETF and HCMT ETF?

SPD top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. HCMT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: SPD or HCMT?

SPD holds 507 securities with 43.12% of its assets in the top 15. HCMT has 503 securities and a top 15 weight of 37.35%.

Episode 8: Laura Morrison, Chief Revenue Officer at Direxion

Hedging tail risk: ETFs with crash protection

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