SPUC vs. SPCT
SPUC (Simplify US Equity PLUS Upside Convexity ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. SPUC charges 0.53%/yr vs 0.85%/yr for SPCT.
Performance
SPUC vs. SPCT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPUC having a 9.61% return and SPCT slightly higher at 9.92%.
SPUC
- 1D
- -0.55%
- 1M
- 0.42%
- 6M
- 7.42%
- YTD
- 9.61%
- 1Y
- 21.56%
- 3Y*
- 21.30%
- 5Y*
- 13.11%
- 10Y*
- —
SPCT
- 1D
- 0.99%
- 1M
- 1.35%
- 6M
- 7.01%
- YTD
- 9.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUC vs. SPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPUC Simplify US Equity PLUS Upside Convexity ETF | 9.61% | 0.04% |
SPCT Liberty One Spectrum ETF | 9.92% | 1.93% |
Correlation
The correlation between SPUC and SPCT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.48 |
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Return for Risk
SPUC vs. SPCT — Risk / Return Rank
SPUC
SPCT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPUC vs. SPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Upside Convexity ETF (SPUC) and Liberty One Spectrum ETF (SPCT). 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.
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.
| SPUC | SPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | — | — |
| Martin ratioReturn relative to average drawdown | 6.26 | — | — |
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Drawdowns
SPUC vs. SPCT - Drawdown Comparison
The maximum SPUC drawdown since its inception was -29.20%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for SPUC and SPCT.
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Drawdown Indicators
| SPUC | SPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.20% | -7.17% | -22.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -28.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | 0.00% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -1.49% | -6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | — | — |
Volatility
SPUC vs. SPCT - Volatility Comparison
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Volatility by Period
| SPUC | SPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 9.27% | +7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.00% | 9.27% | +12.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.36% | 9.27% | +12.09% |
SPUC vs. SPCT - Expense Ratio Comparison
SPUC has a 0.53% expense ratio, which is lower than SPCT's 0.85% expense ratio.
Dividends
SPUC vs. SPCT - Dividend Comparison
SPUC's dividend yield for the trailing twelve months is around 10.03%, more than SPCT's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SPCT Liberty One Spectrum ETF | 0.73% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUC Simplify US Equity PLUS Upside Convexity ETF | 10.03% | 7.70% | 0.94% | 1.33% | 1.53% | 2.00% | 0.75% |
Frequently Asked Questions
SPUC and SPCT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPUC is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPUC is cheaper with a 0.53% expense ratio, compared with 0.85% for SPCT.
SPUC has the higher dividend yield at 10.03%, compared with 0.73% for SPCT.
They also come from different issuers: Simplify and Liberty One. Their fees differ too: 0.53% for SPUC and 0.85% for SPCT.
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