EQLS: Simplify Market Neutral Equity Long/Short ETF
About
EQLS was created on 2023-06-13 by Simplify. The fund's investment portfolio concentrates primarily on long/short alternatives. EQLS seeks to achieve absolute returns and income by investing in a long/short equity portfolio based on a proprietary machine-learning stock selection model. The fund invests in US and foreign companies of any capitalization and seeks to deliver market-neutral exposure.
Current Value
$21.101 Year Return
Current Value
$21.101 Year Return
Key Details
Assets Under Management
$8.88M
Div Yield %
0.95%
P/E Ratio
-
Net Asset Value
$21.02
Expense Ratio
1.00%
1Y ETF Return
-0.07%
Strategies that include EQLS
Stock's related to EQLS
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| CAMT | 23.45% | $3.43B | +18.52% | 0.00% |
| AVGO | 21.98% | $765.69B | +68.66% | 9.94% |
| AMAT | 21.43% | $144.89B | +17.57% | 1.05% |
| PGR | 21.32% | $154.33B | +62.01% | 0.44% |
| LPLA | 21.24% | $24.20B | +42.81% | 0.37% |
| HQY | 21.09% | $9.14B | +56.73% | 0.00% |
| DSGX | 20.65% | $9.77B | +41.08% | 0.00% |
| FTI | 20.26% | $12.77B | +43.50% | 0.66% |
| DELL | 19.68% | $101.20B | +86.02% | 1.20% |
| KLAC | 19.45% | $84.69B | +14.25% | 0.96% |
| LRCX | 19.44% | $94.09B | +1.93% | 11.35% |
| MSFT | 18.81% | $3.07T | +9.27% | 0.75% |
| CLS | 18.57% | $10.64B | +243.63% | 0.00% |
| RNR | 18.35% | $13.75B | +22.34% | 0.58% |
| UNM | 18.28% | $13.77B | +76.53% | 2.07% |
| SU | 18.18% | $52.24B | +25.02% | 3.90% |
| FUN | 17.71% | $4.54B | -17.47% | 0.00% |
| IBKR | 17.61% | $20.87B | +137.71% | 0.36% |
| CCJ | 17.46% | $26.52B | +35.40% | 0.15% |
| ONTO | 17.28% | $8.22B | +21.93% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| CWEN | -40.97% | $3.33B | +23.26% | 5.72% |
| CWEN.A | -39.79% | $3.13B | +24.42% | 6.10% |
| AWK | -36.57% | $27.05B | +6.38% | 2.16% |
| ED | -35.85% | $34.19B | +9.04% | 3.36% |
| CMS | -34.24% | $20.68B | +21.27% | 2.97% |
| ES | -34.20% | $22.99B | +5.41% | 4.49% |
| EIX | -33.93% | $33.72B | +32.15% | 3.56% |
| CCI | -33.88% | $45.42B | +1.36% | 5.96% |
| NOVA | -33.28% | $546.04M | -58.30% | 0.00% |
| DTE | -32.68% | $25.68B | +18.46% | 3.29% |
| NI | -32.59% | $17.67B | +44.52% | 2.79% |
| ETR | -32.40% | $32.49B | +49.77% | 3.02% |
| WBA | -31.94% | $7.18B | -59.88% | 12.06% |
| LNT | -31.90% | $16.22B | +27.57% | 3.03% |
| REG | -31.72% | $13.51B | +21.65% | 3.59% |
| D | -31.60% | $49.03B | +25.12% | 4.57% |
| WEC | -31.43% | $31.94B | +23.91% | 3.31% |
| SBAC | -30.53% | $23.59B | -5.91% | 1.78% |
| HASI | -30.22% | $3.39B | +21.50% | 5.72% |
| AEP | -29.72% | $52.23B | +25.34% | 3.64% |
ETF's related to EQLS
News
SeekingAlpha
The Simplify Market Neutral Equity Long/Short fund has underperformed its peers in 2024. Learn more on EQLS ETF here.
SeekingAlpha
Simplify's EQLS ETF utilizes leverage to enhance market-neutral strategies while managing risk effectively. See why we rate EQLS ETF a buy.
SeekingAlpha
Simplify Market Neutral Equity Long/Short ETF implements a leveraged long-short stock strategy based on machine learning. Read more on EQLS ETF here.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.