- Issuer
- Simplify
- Inception Date
- Sep 3, 2020
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $112M
Share Price Chart
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Performance
SPYC Performance Chart
Simplify US Equity PLUS Convexity ETF (SPYC) is up 7.2% since the beginning of the year. SPYC is currently trading at $46 per share. Investors who bought $1,000 worth of SPYC shares 5 years ago would now be looking at an investment worth $1,608.
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Returns By Period
Simplify US Equity PLUS Convexity ETF (SPYC) has returned 7.16% so far this year and 18.85% over the past 12 months.
Simplify US Equity PLUS Convexity ETF
- 1D
- -0.42%
- 1M
- 0.74%
- YTD
- 7.16%
- 6M
- 6.61%
- 1Y
- 18.85%
- 3Y*
- 18.40%
- 5Y*
- 9.97%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPYC Monthly Returns History
Based on dividend-adjusted daily data since Sep 4, 2020, SPYC's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +10.6%, while the worst month was Jan 2022 at -9.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPYC closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +18.0%, while the worst single day was Apr 3, 2025 at -6.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | -1.93% | -5.96% | 10.41% | 5.78% | -0.89% | 7.16% | ||||||
| 2025 | 3.67% | -4.21% | -7.10% | 7.23% | 6.17% | 5.63% | -1.53% | 1.75% | 3.76% | 2.55% | -1.17% | -1.36% | 15.31% |
| 2024 | 1.40% | 7.72% | 4.27% | -6.09% | 5.00% | 5.16% | 0.60% | 1.93% | 1.88% | -1.15% | 7.23% | -6.27% | 22.57% |
| 2023 | 5.99% | -2.64% | 3.30% | 1.33% | 0.28% | 7.19% | 3.35% | -2.40% | -4.86% | -2.52% | 8.86% | 4.85% | 23.98% |
| 2022 | -9.01% | -0.60% | 3.11% | -8.79% | -0.41% | -8.22% | 8.26% | -4.87% | -5.39% | 1.43% | 3.35% | -6.37% | -25.65% |
| 2021 | -0.54% | 2.21% | 3.57% | 6.36% | -0.53% | 2.43% | 3.04% | 3.59% | -5.89% | 7.71% | 1.35% | 3.31% | 29.26% |
Benchmark Metrics
Simplify US Equity PLUS Convexity ETF has an annualized alpha of -2.07%, beta of 1.06, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since September 04, 2020.
- This ETF participated in 103.02% of S&P 500 Index downside but only 95.21% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.07% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.06 and R2 of 0.81, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.07%
- Beta
- 1.06
- R²
- 0.81
- Upside Capture
- 95.21%
- Downside Capture
- 103.02%
Expense Ratio
SPYC has an expense ratio of 0.28%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPYC ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify US Equity PLUS Convexity ETF (SPYC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.78 | -1.38 |
| Martin ratioReturn relative to average drawdown | 4.19 | 12.44 | -8.25 |
Dividends
Dividend History
Simplify US Equity PLUS Convexity ETF provided a 0.88% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.38 | $0.38 | $0.54 | $0.34 | $0.35 | $0.11 |
Dividend yield | 0.88% | 0.89% | 1.02% | 1.76% | 1.34% | 1.01% | 0.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify US Equity PLUS Convexity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.38 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.38 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.06 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify US Equity PLUS Convexity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Simplify US Equity PLUS Convexity ETF was 28.51%, occurring on Oct 14, 2022. Recovery took 345 trading sessions.
The current Simplify US Equity PLUS Convexity ETF drawdown is 1.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -28.51%Oct 2022 | 9mo 20d | 1y 4mo | 2y 2moDec 2021 - Mar 2024 |
2025 selloff2025 | -22.81%Apr 2025 | 4mo 4d | 1mo 8d | 5mo 12dDec 2024 - May 2025 |
2026 correction2026 | -13.47%Mar 2026 | 5mo 2d | 1mo 7d | 6mo 9dOct 2025 - May 2026 |
2024 correction2024 | -11.39%Aug 2024 | 21d | 3mo 1d | 3mo 22dJul 2024 - Nov 2024 |
2020 pullback2020 | -7.96%Oct 2020 | 17d | 10d | 27dOct 2020 - Nov 2020 |
Drawdown Indicators
| SPYC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -56.78% | +28.27% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -9.10% | -4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -22.81% | -18.90% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -28.51% | -25.43% | -3.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.45% | -1.80% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -10.71% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 2.03% | +2.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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