SPYC vs. BUFF
Compare and contrast key facts about Simplify US Equity PLUS Convexity ETF (SPYC) and Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF).
SPYC and BUFF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYC is an actively managed fund by Simplify Asset Management Inc.. It was launched on Sep 3, 2020. BUFF is a passively managed fund by Innovator that tracks the performance of the Refinitiv Laddered Power Buffer Strategy Index. It was launched on Oct 20, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYC or BUFF.
Correlation
The correlation between SPYC and BUFF is 0.93, 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
SPYC vs. BUFF - Performance Comparison
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Key characteristics
SPYC:
0.57
BUFF:
0.80
SPYC:
1.16
BUFF:
1.23
SPYC:
1.16
BUFF:
1.21
SPYC:
0.75
BUFF:
0.82
SPYC:
2.57
BUFF:
3.63
SPYC:
6.69%
BUFF:
2.33%
SPYC:
28.73%
BUFF:
10.32%
SPYC:
-28.51%
BUFF:
-46.23%
SPYC:
-0.99%
BUFF:
-1.13%
Returns By Period
In the year-to-date period, SPYC achieves a 6.56% return, which is significantly higher than BUFF's 1.29% return.
SPYC
6.56%
11.23%
0.91%
16.26%
N/A
N/A
BUFF
1.29%
5.11%
1.18%
8.23%
12.44%
N/A
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SPYC vs. BUFF - Expense Ratio Comparison
SPYC has a 0.28% expense ratio, which is lower than BUFF's 0.99% expense ratio.
Risk-Adjusted Performance
SPYC vs. BUFF — Risk-Adjusted Performance Rank
SPYC
BUFF
SPYC vs. BUFF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Convexity ETF (SPYC) and Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF). 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.
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Dividends
SPYC vs. BUFF - Dividend Comparison
SPYC's dividend yield for the trailing twelve months is around 0.90%, while BUFF has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYC Simplify US Equity PLUS Convexity ETF | 0.90% | 1.02% | 1.76% | 1.34% | 1.01% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% |
BUFF Innovator Laddered Fund of U.S. Equity Power Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.78% | 1.68% | 1.74% | 1.55% | 0.18% |
Drawdowns
SPYC vs. BUFF - Drawdown Comparison
The maximum SPYC drawdown since its inception was -28.51%, smaller than the maximum BUFF drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for SPYC and BUFF. For additional features, visit the drawdowns tool.
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Volatility
SPYC vs. BUFF - Volatility Comparison
Simplify US Equity PLUS Convexity ETF (SPYC) has a higher volatility of 8.38% compared to Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) at 3.96%. This indicates that SPYC's price experiences larger fluctuations and is considered to be riskier than BUFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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