Is SPD a Friend, Question Mark or Foe?

SPD is classified a Friend under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the SPD distribution?

A Friend is an income asset whose long-term economic total return has historically covered its distributions and whose distribution has been stable over the available history. It describes a track record of durable, well-covered income.

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Public snapshot

SPD Income Quality Score

Name: SPD Income Quality Score
Creator: Income Quality Score
Keywords: SPD income quality, SPD dividend quality, SPD dividend safety, SPD distribution history, SPD dividend score, SPD analysis, Simplify US Equity PLUS Downside Convexity ETF dividend

Simplify US Equity PLUS Downside Convexity ETF (SPD) has an Income Quality Score of 84/100, classified as a Friend with low confidence, based on a 5-year income and total-return history.

Simplify US Equity PLUS Downside Convexity ETF (SPD) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of July 31, 2026Lookback: 5-year

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Long-term focused5-year income and total-return analysis

Data-drivenObjective scoring across 4 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

84/100

FriendLow confidence

Asset Type

CEF

Exchange

NYSE ARCA

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

17 of 358

Lookback

5-year

Data as of

July 31, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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SPDSimplify US Equity PLUS Downside Convexity ETF

84FriendLow confidence

Snapshot: 2026-07
Data as of: 2026-07-31
Lookback: 5-year
Asset type: Closed-End Fund

IQ Score History

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

100/100

Working Capital Preservation

76/100

Distribution Cut Score

70/100

Distribution Trend

61/100

What is working

Economic return covers long-term payout
Working capital preserved over time
Distributions growing year-over-year

What to watch

1–2 years with a material annual distribution decline

Distribution Safety

3Years raised

1Years cut

7Years of data

HeldCurrent trend

Lower confidence (3–4 years of history)

20200.1162Held
20210.2918Raised
20220.3989Raised
20230.5485Raised
20240.38Cut
20250.38Held
20260.2Partial year

Distributions per year, from the frozen distribution-stability signal.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.