Simplify US Equity Income ETF
$49.58−0.06 (−0.12%)
- 0.53%
- $260M
- +17.1%
- 13.49%
- 0.1M sh
- $49.59
- low $42.89high $52.08
The ETF.net SPUC Grade
B
Score 60 out of 100
- 23 of 52
Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B61 out of 100Rank 20 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A95 out of 100Rank 14 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F16 out of 100Rank 50 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 16 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D38 out of 100Rank 33 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 14 of 52
Our read on SPUC
BMost covered-call funds trade away your upside for yield. SPUC pairs an S&P 500 core with a long-and-short call structure built to harvest premium while keeping more room to rally, at a cost below the option-income norm.
SPUC seeks monthly, tax-efficient income with potential capital appreciation. Its total-return approach uses both long and short call options to pursue income while retaining more upside than conventional covered-call funds.
Why people hold it
- Costs 0.53% a year, below the median for option-income index-overlay funds.
- Sells calls and buys calls rather than just writing them, a spread designed to collect premium while retaining more upside than a conventional covered-call sleeve.simplify.us
- The equity engine is a plain S&P 500 index fund, so the options work sits on top of broad market exposure instead of a stock-picking bet.
- Sits in the upper tier of its option-income peer group, and what it holds lines up closely with the mandate its documents describe.
Worth knowing
- The premium is income, not a cushion. Equity drawdowns pass through the S&P 500 core, since the overlay is built from calls rather than downside hedges.
- The fund targets monthly income, but payouts have come on an irregular schedule and depend on what the options market pays, not a fixed dividend.
- Smaller and only moderately traded next to the category's giants, so spreads and order timing carry more weight here.
SPUC Holdings
- Stocks
- 4
- 100%
- IVV
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
Geography
- United States100.00%
SPUC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
SPUC$11,714
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SPUC |
|---|---|
| Year to date | +13.8% |
| 1 month | +2.0% |
| 3 months | +3.2% |
| 1 year | +17.1% |
| 3 years | +25.3% |
| 5 years | +13.8% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPUC |
|---|---|---|
| 2026 YTD | +13.8% | |
| 2025 | +23.0% | |
| 2024 | +25.4% | |
| 2023 | +27.5% | |
| 2022 | −24.7% | |
| 2021 | +33.8% | |
| 2020 | +9.5% |
SPUC in the news
SPUC Dividends
- 13.49%
- $6.70
- $0.60 per share
- Monthly
Distribution history
SPUC Risk
- 18.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.08
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −29.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.23
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPUC Cost
0.53%
SPUC0.53%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
18 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- BPEPSParametric Equity Plus ETFExpense ratio 0.10%1 year return +22.1%
- BSPYHNEOS S&P 500 Hedged Equity Income ETFExpense ratio 0.68%1 year return +14.3%
- BTSPYTappAlpha SPY Growth & Daily Income ETFExpense ratio 0.71%1 year return +18.6%
- BHEQTSimplify Hedged Equity ETFExpense ratio 0.53%1 year return +13.8%
- BOVLOverlay Shares Large Cap Equity ETFExpense ratio 0.79%1 year return +24.2%