Skip to Content
ETFs

Simplify US Equity PLUS Convexity ETF

SPYC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 03 2020
Expense Ratio
0.28%
Type
US Equities
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$461,800
AUM
$78,254,200
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
99.98%
n/a
SPXW US 05/19/23 P3625 Index
0.24%
n/a
SPXW US 06/16/23 C4120 Index
0.21%
n/a
SPXW US 04/21/23 P3965 Index
0.15%
n/a
SPXW US 05/19/23 C4270 Index
0.04%
n/a
SPXW US 04/21/23 C4200 Index
0.02%
n/a
Cash
0.02%
n/a
SPX US 06/16/23 C5600 Index
0.00%
n/a
SPXW US 06/16/23 C4310 Index
-0.07%
n/a
SPXW US 05/19/23 P3430 Index
-0.13%
Invest with SPYC

What is SPYC?

The adviser seeks to achieve the Fund s investment objective by investing primarily in equity securities of U.S. companies and applying a 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 net assets will be subject to the Fund s convexity option overlay. The option overlay consists of purchasing exchange-traded and over the counter ( OTC ) put and call options on the S&P 500 Index or an S&P 500 Index ETF.

ETFs related toSPYC

ETFs correlated to SPYC include CVLC, DFSU, GJAN

SPYC
Simplify Exchange Traded Funds - Simplify US Equity PLUS Convexity ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
GJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
IQSU
IndexIQ ETF Trust - IQ Candriam ESG U.S. Large Cap Equity ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SNPE
DBX ETF Trust - Xtrackers S&P 500 ESG ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares

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

SPYC 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 a 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 net assets will be subject to the Fund s convexity option overlay. The option overlay consists of purchasing exchange-traded and over the counter ( OTC ) put and call options on the S&P 500 Index or an S&P 500 Index ETF.

Yes, SPYC 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, SPYC 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 SPYC is -0.0198%. This is the percent change in the value of SPYC over the most recent 1-month period. The 3-month return on SPYC is 0.0308%. This is the percent change in the value of SPYC over the most recent 3-month period.

The standard deviation of SPYC for the past year is 0.2072%. 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 SPYC include XYLD, PKW, and HDGE.

ETFs correlated to SPYC include CVLC, DFSU, and GJAN.

ETFs that are inversely correlated to SPYC include SPDN, SDS, and SPXU.

Disclaimers

*

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.