Summary
Simplify High Yield ETF is an ETF - a fund traded on an exchange like a stock - run by Simplify. Positions inside: 226. The ten largest make up 249% of the fund.
- Yearly costs
- 0.50%
- Fund size
- $315.8M
- Positions
- 226
- Dividend yield
- 8.28%
- Running since
- 2022
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 249% of the fund, so its result rests on a few names.
- 99% of the fund is in one country (United States).
- Costs of 0.50% a year are above the middle of comparable funds (0.20%).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -0.8%
- 3 months
- -2.3%
- This year
- -8.7%
- 1 year
- -11%
- 3 years
- -5.4%
- Avg. market cap
- $195.2B
- P/E
- 24.3x
- Forward P/E
- 18.2x
- P/S
- 2.2x
- P/B
- 5.7x
- P/FCF
- 19.2x
- EV/EBITDA
- 15.4x
- Dividend yield
- 1.27%
- ROIC
- 17.1%
- ROE
- 56.4%
- Gross margin
- 52.8%
- Operating margin
- 24.6%
- Net margin
- 17.2%
- Payout ratio
- 30.9%
- Net debt/EBITDA
- 1.8x
- Beta
- 0.56
Weighted average of the 50 largest companies, which make up 13% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 SBSimplify Government Money Market ETF SBIL 74%
- 2 TRS HYG 051427 35%
- 3 TRS HYG 111626 33%
- 4 TRS HYG 101527 32%
- 5 TRS UBSMQLTP 092327 25%
- 6 TRS UBSMPODL 092327 24%
- 7 B 12/3/26 Govt 7.9%
- 8 B 12/31/26 Govt 7.2%
- 9 B 3/11/27 Govt 6.3%
- 10 Cash 4.9%
Positions in the fund: 226. The ten largest make up 249% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Technology 33%
- Healthcare 16%
- Industrials 15%
- Financials 10%
- Consumer cyclical 5.9%
- Other 20%
By country
- United States 99%
- Other countries 0.5%
Largest sector: Technology (33%). Largest country: United States (99%).
What does it cost me?
Expensive- A year from $10,000
- $50.00
- Over 20 years
- $2,416
From every $10,000 invested the fund takes $50.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,416.
How has it done?
Losing value- A year on average, 3 years
- -1.8%
- Deepest drop
- -20%
- Yearly volatility
- 6.6%
Average yearly decline over the last three years: 1.8%. Deepest drop in these years: 20% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 8.28%
- Payments a year
- 12
- Last payment
- $0.13
Over the last 12 months it paid $1.68 per share, which is 8.28% of today's price. The last payment was $0.13 on Sep 25, 2026.
Is it easy to buy and sell?
Yes- Traded a day
- $2.55M
- Shares a day
- 126K
On an average day about $2.55M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 24.3
- Average Bulios Score
- 68 out of 100
Weight by Bulios Fair Price
- Undervalued 20%
- Fairly valued 18%
- Overvalued 62%
On average the companies inside trade for 24.3 times their yearly profit. By Fair Price, 62% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 13% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
SB SBAR Simplify Barrier Income ETF | United States | 0.75% | $438.5M | -4.2% | Pays out | 74% |
TY TYA Simplify Intermediate Term Treasury Futures Strategy ETF | United States | 0.25% | $62.0M | -20% | Pays out | 74% |
MT MTBA Simplify MBS ETF | United States | 0.25% | $1.51B | -6.9% | Pays out | 74% |
HI HIGH Simplify Enhanced Income ETF | United States | 0.50% | $137.1M | -9.6% | Pays out | 74% |
TU TUA Simplify Short Term Treasury Futures Strategy ETF | United States | 0.25% | $723.7M | -13% | Pays out | 74% |
BU BUCK Simplify Treasury Option Income ETF | United States | 0.35% | $515.5M | -3.5% | Pays out | 74% |