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ETFs

Simplify US Equity PLUS Upside Convexity ETF

SPUC
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 3, 2020
Expense Ratio
0.28%
Type
US Equities
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$59,049
AUM
$8,104,279
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
99.47%
—
Cash
0.53%
—
SPXW US 12/15/23 C4700 Index
0.09%
—
SPXW US 11/17/23 C4560 Index
0.09%
—
SPXW US 10/20/23 C4775 Index
0%
—
SPXW US 10/20/23 C5000 Index
0%
—
SPXW US 11/17/23 C4780 Index
-0.01%
—
SPXW US 12/15/23 C4925 Index
-0.01%
—
Derivatives offset
-0.16%
Invest with SPUC
Trade SPUC Options

What is SPUC?

The adviser seeks to achieve the Fund s investment objective by investing primarily in equity securities of U.S. companies and applying an upside convexity option overlay strategy to the equity investments. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies, primarily by purchasing exchange-traded funds ("ETFs"). The adviser does not frequently trade U.S. equities but seeks to maintain consistent exposure to the U.S. equity market. Up to twenty percent of the Fund s assets will be subject to the Fund s upside convexity option overlay. The upside convexity option overlay strategy consists of purchasing exchange-traded and over the counter ( OTC ) call options on the S&P 500 Index or an S&P 500 Index ETF.

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SPUC
Performance Measures**

for the time period Sep 4, 2020 to Dec 4, 2025

Returns

1M Trailing Return: 0.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 4.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -29.2%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 21.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.79

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.55

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSPUC

ETFs correlated to SPUC include PBUS, GSUS, GAUG

SPUC
Simplify Exchange Traded Funds - Simplify US Equity PLUS Upside Convexity ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
BSEP
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - September
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

SPUC is a US Equities ETF. The adviser seeks to achieve the Fund s investment objective by investing primarily in equity securities of U.S. companies and applying an upside convexity option overlay strategy to the equity investments. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies, primarily by purchasing exchange-traded funds ("ETFs"). The adviser does not frequently trade U.S. equities but seeks to maintain consistent exposure to the U.S. equity market. Up to twenty percent of the Fund s assets will be subject to the Fund s upside convexity option overlay. The upside convexity option overlay strategy consists of purchasing exchange-traded and over the counter ( OTC ) call options on the S&P 500 Index or an S&P 500 Index ETF.

Yes, SPUC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, SPUC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPUC is -0.0129%. This is the percent change in the value of SPUC over the most recent 1-month period. The 3-month return on SPUC is 0%. This is the percent change in the value of SPUC over the most recent 3-month period.

The standard deviation of SPUC for the past year is 0.1906%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPUC include PKW, VIXY, and XYLD.

ETFs correlated to SPUC include PBUS, GSUS, and GAUG.

ETFs that are inversely correlated to SPUC include SPDN, SDS, and SPXS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.