SPYC
Simplify US Equity PLUS Convexity ETF
SPYC is an actively managed, fund-of-funds that provides exposure to the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
78.7 M
ASSETS UNDER MGMT
52 bp
EXPENSES
Fund Basics
| Fund sponsor | Simplify Asset Management Inc. |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Sep 03, 2020 |
| Assets (mns) | $72 |
| Expense ratio | 52 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Asset Allocation
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.3% | 12.3% | 16.4% | 8.1% | -- | -- | -- | 8.9% |
| Dividend Yield | 0.0% | 0.6% | 1.3% | 1.2% | -- | -- | -- | 1.3% |
| Total Returns | -1.3% | 12.8% | 17.7% | 9.4% | -- | -- | -- | 10.2% | Ann. Volatility | 43.2% | 28.6% | 22.3% | 21.5% | -- | -- | -- | 20.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 79% |
| MSCI EAFE | 0.66 | 41% |
| MSCI Emg Mkts | 0.54 | 28% |
Liquidity Measures
| Avg. volume (000) | 24 |
| ADV traded (mns) | $1 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.20% |
Technical Indicators
| Recent close | $40.34 |
| 30d moving avg. | $35.51 |
| Annualized volatility | 17.4% |
| Relative strength (RSI) | 53 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| SPYC (52 bp) Percentile rank | 4 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPYC | 52.0 | 20.1 | 72.1 |
| Peer Avg. | 90.6 | 32.2 | 122.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .