SPYC vs. ILCB
Compare and contrast key facts about Simplify US Equity PLUS Convexity ETF (SPYC) and iShares Morningstar U.S. Equity ETF (ILCB).
SPYC and ILCB 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. It was launched on Sep 3, 2020. ILCB is a passively managed fund by iShares that tracks the performance of the Morningstar US Large-Mid Cap Index. It was launched on Jun 28, 2004.
Performance
SPYC vs. ILCB - Performance Comparison
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SPYC vs. ILCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPYC Simplify US Equity PLUS Convexity ETF | -7.42% | 15.31% | 22.57% | 23.98% | -25.65% | 29.26% | 9.10% |
ILCB iShares Morningstar U.S. Equity ETF | -4.57% | 17.70% | 24.96% | 26.91% | -19.48% | 24.07% | 10.17% |
Returns By Period
In the year-to-date period, SPYC achieves a -7.42% return, which is significantly lower than ILCB's -4.57% return.
SPYC
- 1D
- 2.25%
- 1M
- -5.96%
- YTD
- -7.42%
- 6M
- -7.45%
- 1Y
- 15.71%
- 3Y*
- 15.02%
- 5Y*
- 7.96%
- 10Y*
- —
ILCB
- 1D
- 2.92%
- 1M
- -4.96%
- YTD
- -4.57%
- 6M
- -2.23%
- 1Y
- 17.62%
- 3Y*
- 18.30%
- 5Y*
- 11.15%
- 10Y*
- 13.49%
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SPYC vs. ILCB - Expense Ratio Comparison
SPYC has a 0.28% expense ratio, which is higher than ILCB's 0.03% expense ratio.
Return for Risk
SPYC vs. ILCB — Risk / Return Rank
SPYC
ILCB
SPYC vs. ILCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Convexity ETF (SPYC) and iShares Morningstar U.S. Equity ETF (ILCB). 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.
| SPYC | ILCB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 0.96 | -0.38 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.47 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.51 | -0.30 |
Martin ratioReturn relative to average drawdown | 3.74 | 7.11 | -3.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYC | ILCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.96 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.65 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.60 | -0.09 |
Correlation
The correlation between SPYC and ILCB is 0.94, 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.
Dividends
SPYC vs. ILCB - Dividend Comparison
SPYC's dividend yield for the trailing twelve months is around 1.01%, less than ILCB's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYC Simplify US Equity PLUS Convexity ETF | 1.01% | 0.89% | 1.02% | 1.76% | 1.34% | 1.01% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ILCB iShares Morningstar U.S. Equity ETF | 1.13% | 1.11% | 1.19% | 1.43% | 1.65% | 1.16% | 1.26% | 2.25% | 2.17% | 1.81% | 1.97% | 2.44% |
Drawdowns
SPYC vs. ILCB - Drawdown Comparison
The maximum SPYC drawdown since its inception was -28.51%, smaller than the maximum ILCB drawdown of -51.53%. Use the drawdown chart below to compare losses from any high point for SPYC and ILCB.
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Drawdown Indicators
| SPYC | ILCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -51.53% | +23.02% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -12.07% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -28.51% | -25.47% | -3.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.30% | — |
Current DrawdownCurrent decline from peak | -11.52% | -6.44% | -5.08% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -6.28% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 2.57% | +1.79% |
Volatility
SPYC vs. ILCB - Volatility Comparison
The current volatility for Simplify US Equity PLUS Convexity ETF (SPYC) is 3.98%, while iShares Morningstar U.S. Equity ETF (ILCB) has a volatility of 5.34%. This indicates that SPYC experiences smaller price fluctuations and is considered to be less risky than ILCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYC | ILCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 5.34% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 9.62% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.98% | 18.41% | +8.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.05% | 17.13% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 18.14% | +1.67% |