Simplify Exchange Traded Funds (IOPP) Performance
IOPP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −9.0% since Dec 31, 2025
- 1 year
- −11.0% total return
- Since first price
- +5.8% since 2024
IOPP trailing returns vs SPY, QQQ, AGG
| Period | IOPP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.4% | −6.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.7% | −3.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.3% | −2.7% | +7.8% | +8.4% | −1.5% |
| YTD | −9.0% | −9.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −11.0% | −11.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 5, 2024 | +5.8% | −1.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IOPP vs SPY
From Mar 5, 2024: IOPP grew to $10,582, SPY to $15,475.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IOPP returns by calendar year
1 of 1 full years positive. Best 2025 (+1.9%), worst 2025 (+1.9%). 2026 is year to date.
IOPP annual returns table
| Year | IOPP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −9.0% | −17.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +1.9% | −16.1% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IOPP largest drawdowns
Now 16.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 23, 2024 | −23.7% | Mar 30, 2026 | not yet | 1.5 years | 2.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IOPP risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +3.6% |
| Volatility (annualized) | 15.5% |
| Sharpe ratio | 0.03 |
| Sortino ratio | 0.04 |
| Best month | +8.1% |
| Worst month | −9.9% |
| Best 12 months | +14.2% |
| Worst 12 months | −7.8% |
| Positive months | 63% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IOPP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 20 | −9.5% | −0.8% | +14.2% | 35% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
IOPP performance overview
Simplify Exchange Traded Funds (IOPP) returned −11.0% over the past year, with distributions reinvested. Since its first recorded price on Mar 5, 2024 it has returned +5.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −23.7%, from Sep 23, 2024 to Mar 30, 2026; the fund has not yet regained that high. Volatility has been 15.5% a year.
Related: IOPP chart, IOPP holdings, IOPP dividends. See the IOPP overview for the latest quote and fund facts.
IOPP performance FAQ
What is the IOPP return over the past year?
IOPP returned −11.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 11.5%.
How much would $10,000 invested in IOPP be worth?
$10,000 invested in IOPP at its first recorded close on March 5, 2024 would be worth about $10,582 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of IOPP?
The largest peak-to-trough decline was −23.7% between September 23, 2024 and March 30, 2026. It has not yet recovered to that high; it is 16.9% below its peak.
How volatile is IOPP?
Over the past history IOPP had an annualized volatility of 15.5% and a Sharpe ratio of 0.03 (excess return over 1–3 month T-bills per unit of risk).