Simplify US Equity PLUS Downside Convexity ETF (SPD) is trading at $37.62, which is -7.7% below its all-time high of $40.73. The Drawdown Severity Score is 2.3, placing it in the yellow (elevated) zone. Over its tracked history, SPD has experienced 61 significant drawdown events with an average maximum drawdown of -2.3%.
Data last updated: April 10, 2026 at 04:28 PM EDT
SPD
StockSimplify US Equity PLUS Downside Convexity ETF
Price
$37.62
as of Apr 10, 2026
All Time High: $40.73
Moderately Elevated
Current Drawdown
-7.7%
Days in Drawdown
140
Avg Max Drawdown
2.3%
Avg Length
29
Drawdown Severity Score™
2.3
SPD - Price & High Water Mark
SPD - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Simplify US Equity PLUS Downside Convexity ETF (SPD) Analysis: Current Drawdown Insights
Simplify US Equity PLUS Downside Convexity ETF is currently experiencing an unusual drawdown opportunity. As of 2026-04-10, the stock is trading at $37.62, which represents a 7.7% decline from its all-time high of $40.73. This drawdown has persisted for 140 days.
Based on comprehensive historical analysis spanning 5 years, Simplify US Equity PLUS Downside Convexity ETF typically experiences drawdowns averaging 2.3% in depth, with an average duration of 29 days. Simplify US Equity PLUS Downside Convexity ETF has gone through 61 total drawdown events in the last 5 years. The largest drawdown for Simplify US Equity PLUS Downside Convexity ETF in the last 5 years was 27.4%. The longest drawdown duration in its history was 897 days.
The Drawdown Severity Score™ for Simplify US Equity PLUS Downside Convexity ETF currently stands at 2.27. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 2.0 and 3.0 indicates a moderately elevated drawdown that's starting to exceed normal ranges—worth monitoring for potential opportunities.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns—periods when the price declines from all-time highs before recovering. By analyzing Simplify US Equity PLUS Downside Convexity ETF's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that may represent a buying opportunity.
📜 Historical Drawdown Events
Current drawdown shown in blue. Complete record of all 61 historical pullbacks below.
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2025-11-21 | Ongoing | 140 days | -7.7% | $40.73 | $37.62 | — |
| 2025-10-09 | 2025-10-24 | 16 days | -3.0% | $39.70 | $38.52 | $39.81 |
| 2025-10-07 | 2025-10-08 | 2 days | -0.7% | $39.70 | $39.44 | $39.70 |
| 2025-10-03 | 2025-10-06 | 4 days | -0.1% | $39.63 | $39.60 | $39.70 |
| 2025-09-23 | 2025-10-01 | 9 days | -2.0% | $39.57 | $38.76 | $39.61 |
| 2025-09-12 | 2025-09-19 | 8 days | -0.5% | $39.11 | $38.89 | $39.32 |
| 2025-07-07 | 2025-09-11 | 67 days | -4.5% | $38.75 | $37.02 | $39.11 |
| 2025-07-01 | 2025-07-02 | 2 days | -0.9% | $37.82 | $37.48 | $37.93 |
| 2025-05-20 | 2025-06-27 | 39 days | -3.5% | $37.15 | $35.83 | $37.36 |
| 2025-05-14 | 2025-05-16 | 3 days | -0.3% | $36.78 | $36.67 | $37.11 |
| 2025-05-05 | 2025-05-12 | 8 days | -2.1% | $35.32 | $34.59 | $36.21 |
| 2024-12-12 | 2025-05-02 | 141 days | -15.2% | $34.75 | $29.47 | $35.32 |
| 2024-12-09 | 2024-12-11 | 3 days | -0.9% | $34.72 | $34.41 | $34.75 |
| 2024-12-05 | 2024-12-06 | 2 days | -0.4% | $34.72 | $34.58 | $34.72 |
| 2024-12-03 | 2024-12-04 | 2 days | -0.0% | $34.49 | $34.47 | $34.72 |
| 2024-11-27 | 2024-11-29 | 3 days | -0.4% | $34.28 | $34.16 | $34.39 |
| 2024-11-12 | 2024-11-26 | 15 days | -2.5% | $34.23 | $33.38 | $34.28 |
| 2024-10-15 | 2024-11-06 | 23 days | -2.4% | $33.48 | $32.67 | $33.84 |
| 2024-10-10 | 2024-10-11 | 2 days | -0.2% | $33.12 | $33.06 | $33.28 |
| 2024-10-01 | 2024-10-09 | 9 days | -1.2% | $33.03 | $32.64 | $33.12 |
| 2024-07-17 | 2024-09-30 | 76 days | -7.0% | $32.97 | $30.66 | $33.03 |
| 2024-07-11 | 2024-07-15 | 5 days | -0.6% | $32.78 | $32.58 | $32.86 |
| 2024-06-20 | 2024-07-02 | 13 days | -0.9% | $32.08 | $31.80 | $32.13 |
| 2021-12-28 | 2024-06-12 | 897 days | -27.4% | $31.55 | $22.91 | $31.73 |
| 2021-12-13 | 2021-12-23 | 11 days | -2.7% | $30.98 | $30.15 | $31.04 |
| 2021-11-09 | 2021-12-10 | 32 days | -4.5% | $30.93 | $29.55 | $30.98 |
| 2021-10-29 | 2021-11-01 | 4 days | -0.5% | $30.14 | $29.99 | $30.38 |
| 2021-08-31 | 2021-10-28 | 59 days | -5.6% | $30.08 | $28.40 | $30.14 |
| 2021-08-26 | 2021-08-27 | 2 days | -0.6% | $29.79 | $29.61 | $29.84 |
| 2021-08-17 | 2021-08-23 | 7 days | -1.6% | $29.63 | $29.15 | $29.65 |
| 2021-08-09 | 2021-08-10 | 2 days | -0.1% | $29.36 | $29.34 | $29.36 |
| 2021-07-30 | 2021-08-03 | 5 days | -0.7% | $29.27 | $29.07 | $29.29 |
| 2021-07-27 | 2021-07-29 | 3 days | -0.4% | $29.21 | $29.10 | $29.27 |
| 2021-07-13 | 2021-07-23 | 11 days | -2.8% | $29.01 | $28.19 | $29.14 |
| 2021-07-08 | 2021-07-09 | 2 days | -0.8% | $28.85 | $28.62 | $28.92 |
| 2021-07-02 | 2021-07-07 | 6 days | -0.3% | $28.84 | $28.75 | $28.85 |
| 2021-06-01 | 2021-06-30 | 30 days | -2.8% | $28.42 | $27.63 | $28.46 |
| 2021-05-10 | 2021-05-28 | 19 days | -3.6% | $28.03 | $27.01 | $28.42 |
| 2021-04-30 | 2021-05-07 | 8 days | -1.2% | $27.90 | $27.55 | $28.03 |
| 2021-04-28 | 2021-04-29 | 2 days | -0.1% | $27.76 | $27.73 | $27.90 |
| 2021-04-19 | 2021-04-26 | 8 days | -1.2% | $27.72 | $27.39 | $27.75 |
| 2021-04-14 | 2021-04-15 | 2 days | -0.2% | $27.39 | $27.35 | $27.63 |
| 2021-04-06 | 2021-04-07 | 2 days | -0.1% | $27.01 | $26.97 | $27.03 |
| 2021-03-18 | 2021-04-01 | 15 days | -2.0% | $26.48 | $25.94 | $26.63 |
| 2021-03-16 | 2021-03-17 | 2 days | -0.1% | $26.45 | $26.42 | $26.48 |
| 2021-02-16 | 2021-03-15 | 27 days | -4.2% | $26.30 | $25.20 | $26.45 |
| 2021-02-10 | 2021-02-11 | 2 days | -0.1% | $26.16 | $26.12 | $26.20 |
| 2021-01-26 | 2021-02-04 | 10 days | -3.2% | $25.84 | $25.02 | $25.85 |
| 2021-01-21 | 2021-01-25 | 5 days | -0.4% | $25.84 | $25.75 | $25.84 |
| 2021-01-11 | 2021-01-20 | 10 days | -1.4% | $25.59 | $25.24 | $25.84 |
| 2021-01-04 | 2021-01-07 | 4 days | -1.4% | $25.15 | $24.81 | $25.49 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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What History Says About SPD
Simplify US Equity PLUS Downside Convexity ETF has dropped 5%+ from its high 4 times in its tracked history. These events lasted an average of 293 days with an average max drop of -13.8%.
The current drawdown of -7.7% has lasted 140 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Dec 2021 to Jun 2024 | -27.4% | 897 days |
| Dec 2024 to May 2025 | -15.2% | 141 days |
| Jul 2024 to Sep 2024 | -7.0% | 76 days |
| Aug 2021 to Oct 2021 | -5.6% | 59 days |
Learn More About Drawdowns
What is a Drawdown?
Definition, formula, and real examples
Understanding Severity Scores
How our scoring compares to maximum drawdown
Our Methodology
Technical details behind the data
The Drawdown Severity Score
Our proprietary scoring algorithm explained
Latest Analysis
Blog posts and market commentary
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