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SPDvsSHDGETF Comparison
Simplify US Equity PLUS Downside Convexity ETF (SPD) and Soundwatch Hedged Equity ETF - USD (SHDG) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Financials. SPD is less expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.63% for SHDG. SPD is down -2.91% year-to-date (YTD) with -$9M in YTD flows. SHDG performs better with -0.56% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of SPD and SHDG below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
SPD vs SHDG performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPD SHDG | -3.18%-1.90% | -4.03%-1.24% | -2.91%-0.56% | +22.64%+14.75% | +62.84%+55.27% | +46.43%n/a |
| Flows | SPD SHDG | -$8M-$812K | -$818K-$2M | -$9M-$2M | -$13M-$3M | -$130M+$13M | +$44M- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPD SHDG | +12.01%+8.88% | +23.60%+12.59% | +16.79%+10.85% | +16.09%n/a |
| Max drawdown | SPD SHDG | -4.68%-2.45% | -7.12%-10.54% | -14.87%-15.48% | -26.93%n/a |
| Max drawdown duration | SPD SHDG | 75d37d | 133d45d | 98d153d | 897dn/a |
SPD | SHDG | |
Last sale 3/11/2026 at 1:30 PM | $38.00 | $32.11 |
| Previous close 03/11/2026 | $38.12 | $32.13 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
SPD | SHDG | |
|---|---|---|
| Last price | $38.00 | $32.11 |
| 1D performance | -0.31% | -0.07% |
| AuM | $104.75 M | $163.62 M |
| E/R | 0.53% | 0.63% |
SPD | SHDG | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Simplify | Soundwatch Capital |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 3, 2020 | October 24, 2022 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the SPD and SHDG ETFs performed in 2026?
As of March 10, 2026, SPD is down -2.91% year-to-date (YTD), while SHDG has lost -0.56%. That puts SHDG better performer ahead so far this year.
Which ETF is attracting more investor money: SPD or SHDG?
Year-to-date, the SPD ETF saw -$9M in flows, compared to -$2M for SHDG.
Which ETF is more volatile: SPD or SHDG?
Over the past year, SPD had a volatility of 23.6%, while SHDG experienced 12.59%.
Which ETF is bigger: SPD or SHDG?
As of March 10, 2026, SPD holds $104.75 M in assets under management (AUM), while SHDG manages $163.62 M.
What sectors do the SPD and SHDG ETFs invest in?
SPD leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, SHDG focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the SPD ETF and SHDG ETF?
SPD top holdings include NVIDIA, APPLE and MICROSOFT-T. SHDG holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPD or SHDG?
SPD holds 504 securities with 43.67% of its assets in the top 15. SHDG has 504 securities and a top 15 weight of 43.09%.
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Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
