PINK vs SPY
Simplify Health Care ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. PINK delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PINK | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.51% | 0.09% | |
| AUM | $387M | $821.1B | |
| Dividend Yield | 0.63% | 1.01% | |
| Holdings | 55 | 505 | |
| YTD Return | +8.28% | +14.24% | |
| 1Y Return | +34.84% | +21.71% | |
| 3Y Return (annualized) | +15.15% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 17.1% | 15.3% | |
| Max Drawdown | -18.8% | -56.5% | |
| Fund Family | Simplify Exchange Traded Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 7, 2021 | Jan 22, 1993 |
PINK vs SPY Performance
Simplify Health Care ETF (PINK) is a ETF from Simplify Exchange Traded Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PINK returned +34.84% while SPY returned +21.71%. Year to date, PINK is up 8.28% versus a gain of 14.24% for SPY.
Over three years, PINK compounded at +15.15% per year against +22.10% for SPY. Across the full 5-year window we track, PINK has the edge at +10.69% annualized vs +8.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PINK has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.8% for PINK and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PINK charges 0.51% per year while SPY charges 0.09%. On a $10,000 position that is $51 vs $9 annually, a gap of $42 per year that compounds over a long holding period. On income, PINK currently yields 0.63% against 1.01% for SPY.
Holdings Overlap
PINK and SPY share 4 holdings out of 504 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PINK or SPY?
PINK has an expense ratio of 0.51% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, PINK or SPY?
Over the past year PINK returned +34.84% vs +21.71% for SPY, so PINK leads on 1-year performance. Over the longest common window we track (5 years), PINK annualized +10.69% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, PINK or SPY?
PINK has been the more volatile fund at 17.1% annualized versus 15.3% for SPY. Worst drawdown: PINK -18.8% vs SPY -56.5%.
Should I hold both PINK and SPY?
PINK and SPY have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PINK and SPY?
PINK and SPY share 4 common holdings with a 0.8% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, PINK or SPY?
PINK yields 0.63% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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