SPYC vs. SPUC
Compare and contrast key facts about Simplify US Equity PLUS Convexity ETF (SPYC) and Simplify US Equity PLUS Upside Convexity ETF (SPUC).
SPYC and SPUC 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. SPUC is an actively managed fund by Simplify. It was launched on Sep 3, 2020.
Performance
SPYC vs. SPUC - Performance Comparison
Loading graphics...
SPYC vs. SPUC - 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% |
SPUC Simplify US Equity PLUS Upside Convexity ETF | -4.97% | 22.64% | 25.37% | 27.50% | -24.76% | 33.71% | 9.53% |
Returns By Period
In the year-to-date period, SPYC achieves a -7.42% return, which is significantly lower than SPUC's -4.97% return.
SPYC
- 1D
- 2.25%
- 1M
- -5.96%
- YTD
- -7.42%
- 6M
- -7.45%
- 1Y
- 15.71%
- 3Y*
- 15.02%
- 5Y*
- 7.96%
- 10Y*
- —
SPUC
- 1D
- 3.01%
- 1M
- -4.96%
- YTD
- -4.97%
- 6M
- -5.58%
- 1Y
- 24.78%
- 3Y*
- 20.26%
- 5Y*
- 11.88%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPYC vs. SPUC - Expense Ratio Comparison
SPYC has a 0.28% expense ratio, which is lower than SPUC's 0.29% expense ratio.
Return for Risk
SPYC vs. SPUC — Risk / Return Rank
SPYC
SPUC
SPYC vs. SPUC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Convexity ETF (SPYC) and Simplify US Equity PLUS Upside Convexity ETF (SPUC). 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 | SPUC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 0.94 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.47 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.60 | -0.39 |
Martin ratioReturn relative to average drawdown | 3.74 | 6.08 | -2.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SPYC | SPUC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.94 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.54 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.64 | -0.13 |
Correlation
The correlation between SPYC and SPUC 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. SPUC - Dividend Comparison
SPYC's dividend yield for the trailing twelve months is around 1.01%, less than SPUC's 8.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPYC Simplify US Equity PLUS Convexity ETF | 1.01% | 0.89% | 1.02% | 1.76% | 1.34% | 1.01% | 0.40% |
SPUC Simplify US Equity PLUS Upside Convexity ETF | 8.17% | 7.70% | 0.94% | 1.33% | 1.53% | 2.00% | 0.75% |
Drawdowns
SPYC vs. SPUC - Drawdown Comparison
The maximum SPYC drawdown since its inception was -28.51%, roughly equal to the maximum SPUC drawdown of -29.20%. Use the drawdown chart below to compare losses from any high point for SPYC and SPUC.
Loading graphics...
Drawdown Indicators
| SPYC | SPUC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -29.20% | +0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -16.09% | +2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -28.51% | -29.20% | +0.69% |
Current DrawdownCurrent decline from peak | -11.52% | -8.90% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -8.70% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 4.23% | +0.13% |
Volatility
SPYC vs. SPUC - Volatility Comparison
The current volatility for Simplify US Equity PLUS Convexity ETF (SPYC) is 3.98%, while Simplify US Equity PLUS Upside Convexity ETF (SPUC) has a volatility of 5.57%. This indicates that SPYC experiences smaller price fluctuations and is considered to be less risky than SPUC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SPYC | SPUC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 5.57% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 13.44% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.98% | 26.53% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.05% | 22.05% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 21.71% | -1.90% |