PINK
Simplify Health Care ETF
PINK is an actively managed fund of US healthcare stocks and/or ETFs. The fund seeks long-term capital growth and commits to donate its net profit, in the form of its annual management fee to the Susan G. Komen Breast Cancer Foundation.
US
EQUITY
Active
MANAGEMENT STYLE
151.7 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Simplify Asset Management Inc. |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 07, 2021 |
| Assets (mns) | $152 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| PURECYCLE TECHNOLOGIES INC | 8.2 % |
| RESMED INC | 6.1 % |
| DEXCOM INC | 5.6 % |
| CIGNA CORPORATION | 5.2 % |
| ELI LILLY & CO | 5.0 % |
| INTUITIVE SURGICAL INC | 4.9 % |
| UNITEDHEALTH GROUP INC | 4.5 % |
| ARCUTIS BIOTHERAPEUTICS INC | 4.2 % |
| JOHNSON & JOHNSON | 4.1 % |
| EDWARDS LIFESCIENCES CORP | 3.5 % |
Constituent Breakdown
| Number of holdings | 46 |
| Herfindahl-Hirschman Index | 364 |
| Wgt avg mkt cap (mns) | $118,029 |
| Large cap (>$10bn) | 71.5% |
| Mid cap ($2-10bn) | 10.6% |
| Small cap (<$2bn) | 17.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 83.1 % |
 |
IRELAND | 2.0 % |
 |
COSTA RICA | 1.5 % |
 |
FRANCE | 1.3 % |
 |
NETHERLANDS | 0.7 % |
Historical Performance
Standardized Performance (as of 12/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.8% | 8.8% | 6.3% | -- | -- | -- | 2.6% | Volatility | 13.2% | 13.9% | 13.8% | 16.6% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 60% |
| MSCI EAFE | 0.69 | 50% |
| MSCI Emg Mkts | 0.41 | 18% |
Liquidity Measures
| Avg. volume (000) | 43 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $11,836 |
Technical Indicators
| Recent close | $29.71 |
| 30d moving avg. | $30.83 |
| Annualized volatility | 16.8% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PINK |
Expenses vs. PINK |
ALTAR Score™ vs. PINK |
|---|---|---|---|---|
| XLV | Health Care Select Sector SPDR Fund | 33.7% | -41 bp | +3.5% |
| IYH | iShares U.S. Healthcare ETF | 32.5% | -10 bp | +2.7% |
| FHLC | Fidelity MSCI Health Care Index ETF | 32.5% | -42 bp | +2.0% |
| VHT | Vanguard Health Care ETF | 32.4% | -40 bp | +1.7% |
| IXJ | iShares Global Healthcare ETF | 29.7% | -8 bp | +2.6% |
| BHCHX | Baron Health Care Strategy | 27.0% | +25 bp | -4.9% |
| RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 25.2% | -10 bp | +4.2% |
| HRTS | Tema GLP-1 Obesity & Cardiometabolic ETF | 24.6% | +25 bp | -5.4% |
| MEDI | Harbor Health Care ETF | 24.4% | +30 bp | -5.3% |
| FMED | Fidelity Disruptive Medicine ETF | 23.9% | 0 bp | -5.2% |
Risk and Returns: PINK vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 1/17/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PINK
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
PINK
4.2%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 979 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.5%. PINK's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places PINK in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PINKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| PINK (50 bp) Percentile rank | 33 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PINK | 50.0 | 14.6 | 64.6 |
| Peer Avg. | 66.5 | 46.8 | 113.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .