SPUC vs. FOCPX
Compare and contrast key facts about Simplify US Equity PLUS Upside Convexity ETF (SPUC) and Fidelity OTC Portfolio (FOCPX).
SPUC is an actively managed fund by Simplify Asset Management Inc.. It was launched on Sep 3, 2020. FOCPX is managed by Fidelity. It was launched on Dec 31, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPUC or FOCPX.
Key characteristics
| SPUC | FOCPX | |
|---|---|---|
| YTD Return | 36.38% | 32.07% |
| 1Y Return | 50.60% | 41.67% |
| 3Y Return (Ann) | 10.24% | 7.70% |
| Sharpe Ratio | 2.55 | 2.29 |
| Sortino Ratio | 3.32 | 2.97 |
| Omega Ratio | 1.43 | 1.41 |
| Calmar Ratio | 3.47 | 2.66 |
| Martin Ratio | 10.62 | 9.12 |
| Ulcer Index | 4.75% | 4.53% |
| Daily Std Dev | 19.81% | 18.04% |
| Max Drawdown | -29.20% | -94.80% |
| Current Drawdown | -0.60% | -0.14% |
Correlation
The correlation between SPUC and FOCPX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPUC vs. FOCPX - Performance Comparison
In the year-to-date period, SPUC achieves a 36.38% return, which is significantly higher than FOCPX's 32.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPUC vs. FOCPX - Expense Ratio Comparison
SPUC has a 0.29% expense ratio, which is lower than FOCPX's 0.80% expense ratio.
Risk-Adjusted Performance
SPUC vs. FOCPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Upside Convexity ETF (SPUC) and Fidelity OTC Portfolio (FOCPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
SPUC vs. FOCPX - Dividend Comparison
SPUC's dividend yield for the trailing twelve months is around 0.96%, less than FOCPX's 10.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPUC Simplify US Equity PLUS Upside Convexity ETF | 0.96% | 1.33% | 1.53% | 2.10% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FOCPX Fidelity OTC Portfolio | 10.40% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% | 12.91% | 13.54% |
Drawdowns
SPUC vs. FOCPX - Drawdown Comparison
The maximum SPUC drawdown since its inception was -29.20%, smaller than the maximum FOCPX drawdown of -94.80%. Use the drawdown chart below to compare losses from any high point for SPUC and FOCPX. For additional features, visit the drawdowns tool.
Volatility
SPUC vs. FOCPX - Volatility Comparison
Simplify US Equity PLUS Upside Convexity ETF (SPUC) has a higher volatility of 5.71% compared to Fidelity OTC Portfolio (FOCPX) at 5.02%. This indicates that SPUC's price experiences larger fluctuations and is considered to be riskier than FOCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.