SPYC vs. SPYD
Compare and contrast key facts about Simplify US Equity PLUS Convexity ETF (SPYC) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
SPYC and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYC or SPYD.
Key characteristics
| SPYC | SPYD | |
|---|---|---|
| YTD Return | 29.18% | 20.38% |
| 1Y Return | 40.73% | 40.23% |
| 3Y Return (Ann) | 6.84% | 7.95% |
| Sharpe Ratio | 2.65 | 2.87 |
| Sortino Ratio | 3.55 | 4.08 |
| Omega Ratio | 1.47 | 1.52 |
| Calmar Ratio | 2.49 | 2.00 |
| Martin Ratio | 11.75 | 20.04 |
| Ulcer Index | 3.44% | 1.96% |
| Daily Std Dev | 15.27% | 13.67% |
| Max Drawdown | -28.51% | -46.42% |
| Current Drawdown | -0.53% | -1.12% |
Correlation
The correlation between SPYC and SPYD is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPYC vs. SPYD - Performance Comparison
In the year-to-date period, SPYC achieves a 29.18% return, which is significantly higher than SPYD's 20.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPYC vs. SPYD - Expense Ratio Comparison
SPYC has a 0.28% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Risk-Adjusted Performance
SPYC vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Convexity ETF (SPYC) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
Dividends
SPYC vs. SPYD - Dividend Comparison
SPYC's dividend yield for the trailing twelve months is around 1.00%, less than SPYD's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYC Simplify US Equity PLUS Convexity ETF | 1.00% | 1.76% | 1.34% | 1.01% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.05% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
Drawdowns
SPYC vs. SPYD - Drawdown Comparison
The maximum SPYC drawdown since its inception was -28.51%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for SPYC and SPYD. For additional features, visit the drawdowns tool.
Volatility
SPYC vs. SPYD - Volatility Comparison
Simplify US Equity PLUS Convexity ETF (SPYC) has a higher volatility of 4.82% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.63%. This indicates that SPYC's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.