Simplify US Equity Income ETF
$49.58−0.39 (−0.78%)
- Expense ratio
- 0.53%
- Fund size
- $247M
- 1Y return
- +12.3%
- Yield · Last 12 months
- 12.40%
- Holdings
- 3
- Volume · 30D
- 0.1M sh
- NAV per share
- $49.92
- 52W range
The ETF.net SPUC Grade
Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 60Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 91Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 18Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 61Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 38Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 66Category rank
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
- 3
- 100%
- IVV
Sectors
- Technology38.7%
- Financials12.1%
- Communication9.5%
- Consumer Discr.9.3%
- Health Care9.3%
- Industrials7.8%
- Cons. Staples4.5%
- Energy3.5%
- Utilities2.0%
- Real Estate1.8%
- Materials1.7%
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.
Returns run to the Sep 22, 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 | +13.2% |
| 1 month | +1.1% |
| 3 months | +4.4% |
| 1 year | +12.3% |
| 3 years | +25.3% |
| 5 years | +13.3% |
| 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 | +13.2% | |
| 2025 | +23.0% | |
| 2024 | +25.4% | |
| 2023 | +27.5% | |
| 2022 | −24.7% | |
| 2021 | +33.8% | |
| 2020 | +9.5% |
SPUC in the news
ETF.net Research hasn’t filed on SPUC yet — coverage lands here as it’s written.
SPUC Dividends
- 12.40%
- $6.20
- $0.60 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.60 |
| Jul 28, 2026 | Jul 31, 2026 | $0.48 |
| Jun 25, 2026 | Jun 30, 2026 | $0.48 |
| May 26, 2026 | May 29, 2026 | $0.49 |
| Apr 27, 2026 | Apr 30, 2026 | $0.48 |
| Mar 26, 2026 | Mar 31, 2026 | $0.10 |
| Dec 23, 2025 | Dec 31, 2025 | $3.47 |
| Sep 25, 2025 | Sep 30, 2025 | $0.10 |
| Jun 25, 2025 | Jun 30, 2025 | $0.10 |
| Mar 26, 2025 | Mar 31, 2025 | $0.08 |
| Dec 23, 2024 | Dec 31, 2024 | $0.10 |
| Sep 25, 2024 | Sep 30, 2024 | $0.08 |
SPUC Risk
- 18.7%
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.
- 0.96
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
- 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.