Simplify Asset ManagementBroad CommoditiesHARD · NYSE Arca

Simplify Commodities Strategy No K-1 ETF (HARD)

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Price: $35.72; —30 Oct 2026
Assets: $59M; Total net assets
Expense ratio: 0.78%; Category 0.99%
Yield: 3.47%; Trailing distributions

1Y return: 25.1%-12.2%; Category 37.3%
3Y CAGR: 17.7%+0.3%; Category 17.4%
5Y CAGR: —; Category 10.5%

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Simplify Commodities Strategy No K-1 ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+6.1%	+13.8%	+0.1%	+23.9%	+25.1%	+17.7%	—	—	+14.1%
Broad Commodities average	0.7%	8.7%	5.7%	33.9%	37.3%	17.4%	10.5%	9.4%	9.2%
Difference	+5.4%	+5.0%	-5.6%	-10.0%	-12.2%	+0.3%	—	—	+4.9%

Holdings

The 3 largest positions make up 108.7% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
SBIL	Simplify Government Money Market ETF	62.68%
BRNG6	Brent Crude Future Dec 26	25.50%
BRNH27	Brent Crude Future Jan 27	20.53%

Credit quality

Share of the bonds by rating.

US government105.5%

Asset mix

Other93.1%
Bonds74.8%

ETF details

Issuer: Simplify Asset Management
Category: Commodity · Broad Commodities
Ticker: HARD
Exchange: NYSE Arca
Inception: 27 Mar 2023 (3.6 years)
Structure: Exchange Traded Fund
Expense ratio: 0.78% (category 0.99%)
Holdings turnover: 0% (category 49%)
Distribution yield: 3.47%
Beta, 3 years: 0.90
Total net assets: $59M
Average maturity: 9.90 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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