Simplify US Equity PLUS Downside Convexity ETF (SPD) is trading at $41.31, which is -0.6% below its all-time high of $41.54. The Drawdown Severity Score is 0.2, placing it in the green (normal) zone. Over its tracked history, SPD has experienced 61 significant drawdown events with an average maximum drawdown of -2.3%.
Data last updated: May 25, 2026 at 05:14 PM EDT
SPD
StockSimplify US Equity PLUS Downside Convexity ETF
Price
$41.31
as of May 22, 2026
All Time High: $41.54
Near All-Time High
Current Drawdown
-0.6%
Days in Drawdown
6
Avg Max Drawdown
2.4%
Avg Length
29
Drawdown Severity Score™
0.2
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 trading slightly below its recent peak. As of 2026-05-22, the stock price is $41.31, just 0.6% below its all-time high of $41.54.
Based on comprehensive historical analysis spanning 5 years, Simplify US Equity PLUS Downside Convexity ETF typically experiences drawdowns averaging 2.4% 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 0.16. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score below 2.0 indicates a normal drawdown within the stock's typical range—a routine pullback.
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 |
|---|---|---|---|---|---|---|
| 2026-05-16 | Ongoing | 6 days | -0.6% | $41.54 | $41.31 | — |
| 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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SPD Price History and Drawdown Data
Latest price
$41.31
High-water mark
$41.54
Current drawdown
-0.6%
Days in drawdown
6
This SPD page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Simplify US Equity PLUS Downside Convexity ETF drawdowns.
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%.
| 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 |
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Learn More About Drawdowns
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Our Methodology
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