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Launched

Simplify US Equity PLUS Convexity ETF

SPYCNYSE ArcaSimplifyC

$44.03−0.26 (−0.58%)

As of Nov 2, 2026, 3:51 PM ET

C41/ 100

Rank 39 of 52 in S&P 500 Option Income

C41/100Rank 39 of 52inS&P 500 Option Income
Intraday session: down, 71 prints from 44.29 to 44.03. Range 44.03 to 44.59. Use the arrow keys to read each point.44.1044.2044.4044.5044.6010 AM12 PM2 PM4 PM
Expense ratio
0.53%
Fund size
$69M
1Y total return
+1.9%
Yield · Last 12 months
1.13%
Holdings
22
Avg volume · 30D
18.1K sh
52W range
low $38.50high $48.96
Launched

The ETF.net SPYC Grade

C

Score 41 out of 100

Category
S&P 500 Option Income⁠
Rank
39 of 52
Six-pillar profile for SPYC. Scores out of 100: Cost 60, Risk 12, Mission 29, Tradability 53, Holdings 44, Durability 48. Strongest: Cost (60). Weakest: Risk (12). Leans toward Cost.

Score 41 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.
    B60 out of 100
    Rank 21 of 52

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D29 out of 100
    Rank 35 of 36

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F12 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.
    C53 out of 100
    Rank 22 of 52

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 28 of 41

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C48 out of 100
    Rank 35 of 52

Our read on SPYC

ETF.net Research

In short

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

  • The 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
  • The 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
  • 0.53% 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.
  • Trading since 2020, so the design has a multi-year live record instead of a backtest.

Worth knowing

  • Buying options costs money every cycle. In markets that grind sideways, that budget is a drag on the index core.simplify.us
  • Thinly traded next to the giants of its category. Use limit orders and check the spread before you hit the button.
  • Not 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 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$10,192
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SPYC $10,192. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+4.6%
1 month−2.8%
3 months−1.7%
1 year+1.9%
3 yearsper year+19.0%
5 yearsper year+7.4%
10 yearsFund is under 10 years oldper yearNo data

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+4.6%
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

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 30, 2026.
1.13%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

See all 22 payments⁠

$10,000 in SPYC 5 years ago paid $617 in dividends.⁠

SPYC Risk

Risk pillarF12 out of 100Rank 51 of 52 in S&P 500 Option Income
How much the fund’s monthly returns vary, scaled to a year.
15.7%
Annualised · 36 months to Oct 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.
0.91
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

SPYC Cost

Compare SPYC and PEPS

Overpaying vs PEPS, cheapest in S&P 500 Option Income

$8,430

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SPYC 0.53%

    $10,536

  • PEPS 0.10% Cheapest

    $2,106

$10,000
30 years

Cost over time

  • SPYC 0.53%
  • PEPS 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530SPYC $10,536PEPS $2,106

Year by year

YearSPYCPEPSOverpaying
10$953$183$770
20$3,658$717$2,941
30$10,536$2,106$8,430

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