SPYC vs. SPIT

Last updated Jul 14, 2026

SPYC (Simplify US Equity PLUS Convexity ETF) and SPIT (F/m Emerald Special Situations ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. SPYC charges 0.28%/yr vs 0.89%/yr for SPIT.

Performance

SPYC vs. SPIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity PLUS Convexity ETF (SPYC) and F/m Emerald Special Situations ETF (SPIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYC achieves a 7.27% return, which is significantly lower than SPIT's 27.30% return.

SPYC

• 1D: -1.03%
• 1M: 1.04%
• 6M: 5.22%
• YTD: 7.27%
• 1Y: 12.22%
• 3Y*: 16.90%
• 5Y*: 9.09%
• 10Y*: —

SPIT

• 1D: -1.91%
• 1M: 0.33%
• 6M: 18.89%
• YTD: 27.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYC vs. SPIT - Yearly Performance Comparison

	2026 (YTD)	2025
SPYC Simplify US Equity PLUS Convexity ETF	7.27%	-0.44%
SPIT F/m Emerald Special Situations ETF	27.30%	5.31%

Correlation

The correlation between SPYC and SPIT is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025	0.76

Return for Risk

SPYC vs. SPIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYC

SPYC Risk / Return Rank: 26
SPYC Sharpe Ratio Rank: 27
SPYC Sortino Ratio Rank: 27
SPYC Omega Ratio Rank: 25
SPYC Calmar Ratio Rank: 24
SPYC Martin Ratio Rank: 26

SPIT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYC vs. SPIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Convexity ETF (SPYC) and F/m Emerald Special Situations ETF (SPIT). 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	SPIT	Difference
Sharpe ratio: Return per unit of total volatility	0.80	—	—
Sortino ratio: Return per unit of downside risk	1.24	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.91	—	—
Martin ratio: Return relative to average drawdown	2.81	—	—

Drawdowns

SPYC vs. SPIT - Drawdown Comparison

The maximum SPYC drawdown since its inception was -28.51%, which is greater than SPIT's maximum drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for SPYC and SPIT.

Drawdown Indicators

	SPYC	SPIT	Difference
Max Drawdown Largest peak-to-trough decline	-28.51%	-12.49%	-16.02%
Max Drawdown (1Y) Largest decline over 1 year	-13.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.51%	—	—
Current Drawdown Current decline from peak	-1.34%	-5.43%	+4.09%
Average Drawdown Average peak-to-trough decline	-8.14%	-2.51%	-5.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	—	—

Volatility

Volatility by Period

	SPYC	SPIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	26.39%	-11.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	26.39%	-6.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.62%	26.39%	-6.77%

SPYC vs. SPIT - Expense Ratio Comparison

SPYC has a 0.28% expense ratio, which is lower than SPIT's 0.89% expense ratio.

Dividends

SPYC vs. SPIT - Dividend Comparison

SPYC's dividend yield for the trailing twelve months is around 0.88%, less than SPIT's 5.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
SPIT F/m Emerald Special Situations ETF	5.64%	7.18%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYC Simplify US Equity PLUS Convexity ETF	0.88%	0.89%	1.02%	1.76%	1.34%	1.01%	0.40%

Frequently Asked Questions

Can I hold both SPYC and SPIT in my portfolio?

SPYC and SPIT have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYC or SPIT?

On fees, SPYC is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYC or SPIT?

SPYC is cheaper with a 0.28% expense ratio, compared with 0.89% for SPIT.

Which ETF pays a higher dividend yield, SPYC or SPIT?

SPIT has the higher dividend yield at 5.64%, compared with 0.88% for SPYC.

What is the main difference between SPYC and SPIT?

They also come from different issuers: Simplify and F/m Investments. Their fees differ too: 0.28% for SPYC and 0.89% for SPIT.