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Launched

Simplify US Equity PLUS Convexity ETF

SPYCNYSE ArcaC

$46.29−0.03 (−0.05%)

As of Oct 13, 2026, 3:42 PM

C40/ 100

Rank 40 of 52 in S&P 500 Option Income

C40/100Rank 40 of 52inS&P 500 Option Income
Intraday session: down, 23 prints from 46.32 to 46.29. Range 46.10 to 46.32. Use the arrow keys to read each point.46.1046.1546.2046.2510 AM12 PM2 PM4 PM
Expense ratio
0.53%
Fund size
$84M
1Y total return
+12.5%
Yield · Last 12 months
1.08%
Holdings
21
Avg volume · 30D
0M sh
NAV per share
$46.51
52W range
low $36.02high $48.96
Launched

The ETF.net SPYC Grade

C

Score 40 out of 100

Category
S&P 500 Option Income⁠
Rank
40 of 52
Six-pillar profile for SPYC. Scores out of 100: Cost 61, Risk 11, Mission 30, Tradability 42, Holdings 44, Durability 51. Strongest: Cost (61). Weakest: Risk (11). Leans toward Cost.

Score 40 of 100 falls in the C 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 100
    Rank 20 of 52

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D30 out of 100
    Rank 34 of 35

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F11 out of 100
    Rank 51 of 52

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 33 of 52

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 26 of 41

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C51 out of 100
    Rank 33 of 52

Our read on SPYC

ETF.net Research

CMost funds in its peer group sell S&P 500 calls to harvest premium. SPYC does the opposite: a plain index core plus a small options budget built to pay off when the market makes an extreme move, up or down.

Stated mandate

The fund seeks capital appreciation through U.S. large-cap exposure and a systematic options overlay designed to boost performance during extreme market moves in either direction.

Why people hold it

  1. 01The overlay points both ways. A modest options budget aims to boost results in big moves in either direction, not just cushion a selloff.simplify.us
  2. 02The equity sleeve is boring on purpose: an S&P 500 index ETF (IVV) does the heavy lifting, with the options bolted on top.simplify.us
  3. 030.53% a year, below the 0.60% median for S&P 500 option-strategy funds, for a strategy most investors cannot rebuild in a brokerage account.
  4. 04Trading since 2020, so the design has a multi-year live record instead of a backtest.

Worth knowing

  1. 01Buying options costs money every cycle. In markets that grind sideways, that budget is a drag on the index core.simplify.us
  2. 02Thinly traded next to the giants of its category. Use limit orders and check the spread before you hit the button.
  3. 03Not an income vehicle: it buys options rather than selling them, and pays quarterly. Premium-income peers like IVVW (0.25%) and GPIX (0.35%) charge less.

SPYC Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
21
Top-10 weight
133%
Largest holding
IVV81.1%

Sectors

  • Technology40.0%
  • Financials11.4%
  • Communication9.9%
  • Health Care9.4%
  • Consumer Discretionary8.8%
  • Industrials7.6%
  • Consumer Staples4.4%
  • Energy3.4%
  • Utilities1.9%
  • Real Estate1.7%
  • Materials1.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IVVIshares Core S+p 500 Etf81.13%97,217$76M57
002—Trs Sbar 06152716.64%615,580$16M5
003—Trs Sbar 05142716.36%605,410$15M5
004—S&P500 Emini Fut DEC2610.91%26$10M6
005—B 1/28/27 Govt3.61%3,420,000$3M32
006—B 12/3/26 Govt2.10%1,980,000$2M37
007—Cash1.30%1,220,518$1M112
008—SPXW US 11/20/26 C8000 Index0.18%32$168K6
009—SPXW US 12/18/26 C8250 Index0.16%47$147K6
010—SPXW US 12/18/26 C8275 Index0.13%39$122K6
011—SPXW US 11/30/26 C8150 Index0.13%46$120K6
012—SPXW US 11/20/26 P6525 Index0.10%119$90K3
013—SPXW US 11/20/26 P7050 Index0.10%54$90K3
014—SPXW US 11/30/26 C8250 Index0.09%66$86K6
015—SPXW US 11/13/26 C8100 Index0.08%44$78K6

Showing 1–15 of 21 holdings

SPYC Performance

Launched Sep 3, 2020

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.
SPYC$11,254
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. SPYC $11,254. SPY $12,044. Use the arrow keys to read each point.$9,134$10,705$12,276Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for SPYC. Periods over one year show the average yearly return.
PeriodSPYC
Year to date+9.4%
1 month+0.9%
3 months+0.9%
1 year+12.5%
3 yearsper year+19.4%
5 yearsper year+9.6%
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SPYC
YearReturn barSPYC
2026 YTD+9.4%
2025+15.3%
2024+22.6%
2023+24.0%
2022−25.7%
2021+29.3%
2020+9.1%

History from Sep 4, 2020

SPYC in the news

Filtered to SPYC · S&P 500 Option Income

SPYC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
1.08%Last 12 months
Payout per share
$0.50Last 12 months
Last payment
$0.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2020–2026

One bar per payment. 22 payments from 2020 to 2026 YTD. Dec 14, 2020 $0.11; Jun 28, 2021 $0.16; Sep 27, 2021 $0.13; Dec 27, 2021 $0.06; Mar 28, 2022 $0.15; Jun 27, 2022 $0.19; Dec 27, 2022 $0.00036; Mar 27, 2023 $0.14; Jun 27, 2023 $0.19; Sep 27, 2023 $0.10; Dec 26, 2023 $0.11; Mar 25, 2024 $0.10; Jun 25, 2024 $0.10; Sep 25, 2024 $0.08; Dec 23, 2024 $0.10; Mar 26, 2025 $0.08; Jun 25, 2025 $0.10; Sep 25, 2025 $0.10; Dec 23, 2025 $0.10; Mar 26, 2026 $0.10; Jun 25, 2026 $0.10; Sep 25, 2026 $0.20. Use the arrow keys to read each point.2020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 25, 2026Sep 30, 2026$0.20
Jun 25, 2026Jun 30, 2026$0.10
Mar 26, 2026Mar 31, 2026$0.10
Dec 23, 2025Dec 31, 2025$0.10
Sep 25, 2025Sep 30, 2025$0.10
Jun 25, 2025Jun 30, 2025$0.10
Mar 26, 2025Mar 31, 2025$0.08
Dec 23, 2024Dec 31, 2024$0.10
Sep 25, 2024Sep 30, 2024$0.08
Jun 25, 2024Jun 28, 2024$0.10
Mar 25, 2024Mar 28, 2024$0.10
Dec 26, 2023Dec 29, 2023$0.11

SPYC Risk

How much the fund’s monthly returns vary, scaled to a year.
15.7%
Annualised · 36 months to Sep 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.92
vs 3-month T-bills · to Sep 2026
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.

The largest fall from a peak to the low that followed.
−28.5%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.14
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SPYC Cost

Expense ratio0.53%
  • 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.

SPYC costs $53.00 a year on $10,000. The median S&P 500 Option Income fund costs $60.00.

Other funds in S&P 500 Option Income

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