SPYC vs. PFM
SPYC (Simplify US Equity PLUS Convexity ETF) and PFM (Invesco Dividend Achievers™ ETF) are both Large Cap Growth Equities funds. SPYC is actively managed, while PFM is passively managed. Over the past 5 years, SPYC returned 9.22%/yr vs 10.76%/yr for PFM. Their correlation of 0.82 means they have usually moved in the same direction. SPYC charges 0.28%/yr vs 0.53%/yr for PFM.
Performance
SPYC vs. PFM - Performance Comparison
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Returns By Period
In the year-to-date period, SPYC achieves a 8.73% return, which is significantly lower than PFM's 10.65% return.
SPYC
- 1D
- 2.21%
- 1M
- 1.92%
- 6M
- 7.65%
- YTD
- 8.73%
- 1Y
- 16.56%
- 3Y*
- 17.68%
- 5Y*
- 9.22%
- 10Y*
- —
- ALL TIME*
- 12.27%
PFM
- 1D
- 0.31%
- 1M
- 1.14%
- 6M
- 7.03%
- YTD
- 10.65%
- 1Y
- 19.46%
- 3Y*
- 15.73%
- 5Y*
- 10.76%
- 10Y*
- 11.56%
- ALL TIME*
- 8.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $789.97K | $827.49K | $977.52K | |
| $484.09K | $367.88K | $545.25K |
SPYC vs. PFM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPYC Simplify US Equity PLUS Convexity ETF | 8.73% | 15.31% | 22.57% | 23.98% | -25.65% | 29.26% | 8.23% |
PFM Invesco Dividend Achievers™ ETF | 10.65% | 14.00% | 16.87% | 11.40% | -6.22% | 23.08% | 7.79% |
Correlation
The correlation between SPYC and PFM is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020 | 0.82 |
The correlation between SPYC and PFM shifts across timeframes, from 0.71 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
SPYC vs. PFM - Sectors Allocation Comparison
Sectors
SPYC
PFM
Technology
Financial Services
Communication Services
Consumer Cyclical
Healthcare
Industrials
Consumer Defensive
Energy
Utilities
Real Estate
Basic Materials
Technology
SPYC
PFM
Financial Services
SPYC
PFM
Communication Services
SPYC
PFM
Consumer Cyclical
SPYC
PFM
Healthcare
SPYC
PFM
Industrials
SPYC
PFM
Consumer Defensive
SPYC
PFM
Energy
SPYC
PFM
Utilities
SPYC
PFM
Real Estate
SPYC
PFM
Basic Materials
SPYC
PFM
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Return for Risk
SPYC vs. PFM — Risk / Return Rank
SPYC
PFM
SPYC vs. PFM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Convexity ETF (SPYC) and Invesco Dividend Achievers™ ETF (PFM). 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.
| SPYC | PFM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.38 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 2.75 | -1.52 |
| Martin ratioReturn relative to average drawdown | 3.77 | 11.27 | -7.50 |
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Drawdowns
SPYC vs. PFM - Drawdown Comparison
The maximum SPYC drawdown since its inception was -28.51%, smaller than the maximum PFM drawdown of -53.21%. Use the drawdown chart below to compare losses from any high point for SPYC and PFM.
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Drawdown Indicators
| SPYC | PFM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -53.21% | +24.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -7.09% | -6.38% |
Max Drawdown (3Y)Largest decline over 3 years | -22.81% | -14.50% | -8.31% |
Max Drawdown (5Y)Largest decline over 5 years | -28.51% | -17.81% | -10.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.22% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.70% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -6.89% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 1.73% | +2.67% |
Volatility
SPYC vs. PFM - Volatility Comparison
Simplify US Equity PLUS Convexity ETF (SPYC) has a higher volatility of 4.97% compared to Invesco Dividend Achievers™ ETF (PFM) at 2.43%. This indicates that SPYC's price experiences larger fluctuations and is considered to be riskier than PFM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYC | PFM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 2.43% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 7.12% | +3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 9.46% | +6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 13.47% | +6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 15.19% | +4.42% |
SPYC vs. PFM - Expense Ratio Comparison
SPYC has a 0.28% expense ratio, which is lower than PFM's 0.53% expense ratio.
Dividends
SPYC vs. PFM - Dividend Comparison
SPYC's dividend yield for the trailing twelve months is around 0.86%, less than PFM's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFM Invesco Dividend Achievers™ ETF | 1.32% | 1.41% | 1.58% | 1.86% | 1.95% | 1.69% | 1.92% | 1.94% | 2.27% | 1.70% | 2.56% | 2.36% |
SPYC Simplify US Equity PLUS Convexity ETF | 0.86% | 0.89% | 1.02% | 1.76% | 1.34% | 1.01% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYC and PFM have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYC has higher volatility (4.97%) compared to PFM (2.43%). In terms of maximum drawdown, SPYC dropped -28.51% vs PFM's -53.21%.
On 5-year performance, PFM leads with 10.76% vs 9.22% for SPYC. On fees, SPYC is cheaper at 0.28% per year. On volatility, PFM has been the lower-risk option at 2.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PFM has performed better with a 10.76% return vs 9.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYC is cheaper with a 0.28% expense ratio, compared with 0.53% for PFM.
PFM has the higher dividend yield at 1.32%, compared with 0.86% for SPYC.
They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.28% for SPYC and 0.53% for PFM.
PFM currently has the higher Sharpe Ratio (2.07 vs 1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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