ETF Evaluator:
Simplify Health Care ETF (PINK)
Follow This ETF
(as of Aug 05)
Best Performing in Health Over the Last Year
| 177.8% | Virtus LifeSci Biotech Clinical Trls ETF (BBC) |
| 114.6% | ALPS Medical Breakthroughs ETF (SBIO) |
| 91.7% | State Street® SPDR® S&P® Biotech ETF (XBI) |
| 83.9% | F/m Emerald Life Sciences Innovation ETF (LFSC) |
| 79.5% | iShares Neuroscience and Healthcare ETF (IBRN) |
Risk
Index
Risk
Index
ETF Details
Simplify Health Care ETF Overview
Simplify Health Care ETF (PINK) is an actively managed Sector Equity Health exchange-traded fund (ETF). Simplify Asset Management launched the ETF in 2021.
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund will invest at least 80% of its assets (plus any borrowings for investment purposes) in securities of U.S. health care companies. The fund adviser defines health care companies as companies included in the Global Industry Classification Standard health care sector. The fund will typically invest in 50 – 100 health care companies. The adviser generally seeks investments in companies that are developing new and effective medicines, as well as companies whose business models reduce costs or improve quality in health care systems.
About Simplify Health Care ETF (PINK)
There are 3 members of the management team with an average tenure of 3.71 years: David Berns (2021), Michael Taylor (2021) and Jeffrey Schwarte (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Simplify Health Care ETF has 54 securities in its portfolio. The top 10 holdings constitute 53.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Simplify Health Care ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Simplify Health Care ETF has 8.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 87.8% There is 8.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Simplify Health Care ETF has 3.7% of the portfolio in cash.
Assets Under Management
The fund has $358 million in total assets, which is below the $1 billion average for the Health category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PINK Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Simplify Health Care ETF expense ratio is average compared to funds in the Health category. Simplify Health Care ETF has an expense ratio of 0.51%, which is 2% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Simplify Health Care ETF has a portfolio turnover rate of 201%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Health category.
Recently, in the month of June 2026, Simplify Health Care ETF returned 4.0%, which earned it a grade of F, as the Health category had an average return of 8.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Simplify Health Care ETF has a trailing yield of 0.64%, which is below the 1.12% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Simplify Health Care ETF Grades
Year to date, the ETF has returned 7.5%, 2.6 percentage points worse than the category, which translates into a grade of C. The fund has returned 31.5% over the past year (grade of C) and 14.5% over the past three years (grade of B).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Simplify Health Care ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
PINK Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PINK Return (NAV) | 4.0% | 16.9% | 31.5% | 14.5% | na | na |
| PINK Return (Price) | 2.9% | 16.5% | 31.4% | 14.5% | na | na |
| NAV +/- Price Return | 1.076% | 0.402% | 0.105% | 0.025% | na | na |
| Health Avg | 8.7% | 13.9% | 37.6% | 10.6% | 1.5% | 9.5% |
| PINK Grade (NAV) | F | B | C | B | na | na |
| +/- Category (NAV) | -4.7% | 2.9% | -6.1% | 3.9% | na | na |
| PINK Tax-Cost Ratio | na | na | 0.3% | 0.2% | na | na |
PINK Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PINK Return (NAV) | 7.5% | 24.1% | 8.9% | 3.8% | -4.3% | na | na | na | na | na | na |
| PINK Return (Price) | 7.3% | 24.4% | 8.8% | 3.8% | -4.4% | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.034% | 0.012% | -0.007% | 0.014% | 0.032% | na | na | na | na | na | na |
| Health Avg | 10.1% | 21.8% | 0.1% | 2.2% | -16.3% | 4.3% | 30.5% | 25.4% | -1.5% | 26.5% | -10.2% |
| PINK Grade (NAV) | C | B | A | B | A | na | na | na | na | na | na |
| +/- Category | -2.6% | 2.3% | 8.8% | 1.5% | 12.0% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.78 |
| R-Squared: | 35% |
| Standard Deviation: | 16.6% |
| Category Risk Index: | 0.83 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.37 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.6% |
| Total Assets: | $ 359 Mil |
| Share Class Assets: | $ 359 Mil |
| Turnover: | 201.0% |
| Expense Ratio: | 0.51% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 4.7 years | |||
| Average Tenure: 3.7 years | |||
| Managers (Year): Berns David (2021), Taylor Michael (2021), Schwarte Jeffrey (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 54 |
| % in Top 10 Holdings: | 53.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.6% |
Portfolio Allocation |
|
| Domestic Stock: | 87.8% |
| Foreign Stock: | 8.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Simplify Asset Management |
| Phone Number: | 855-772-8488 |
| Website: | |
| Inception Date: | October 7, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.51% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.52% |
