Key stats
About Simplify US Equity PLUS Convexity ETF
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Inception date
Sep 3, 2020
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Simplify Asset Management, Inc.
ISIN
US82889N1037
SPYC aims to provide capital appreciation by primarily investing in ETFs with exposure to the S&P 500 Index and using an option overlay strategy. The fund has the potential to allocate up to 20% of its assets to the option overlay component, which involves purchasing both exchange-traded and over-the-counter (OTC) put and call options on the S&P 500 Index or any related ETF. The options overlay straddles the index, looking to enhance returns in volatile markets. The funds returns are intended to possess convexity because the relationship between the funds returns and the market returns is designed to be non-linear. The fund may purchase or sell options more frequently than its normal rebalancing requirements and option expiration dates. The convex strategy presumes if market returns go up and down in a linear fashion, the fund's returns will rise faster than the market in bullish markets while declining less in bearish markets. Convex strategies tend to lag during quiet markets.
Related funds
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPYC trades at 42.43 USD today, its price has risen 0.60% in the past 24 hours. Track more dynamics on SPYC price chart.
SPYC net asset value is 42.19 today — it's risen 2.34% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SPYC assets under management is 93.67 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SPYC price has risen by 1.80% over the last month, and its yearly performance shows a 12.94% increase. See more dynamics on SPYC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.34% over the last month, showed a 4.78% increase in three-month performance and has increased by 14.36% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.34% over the last month, showed a 4.78% increase in three-month performance and has increased by 14.36% in a year.
SPYC fund flows account for 7.46 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPYC invests in funds. See more details in our Analysis section.
SPYC expense ratio is 0.53%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SPYC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SPYC technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPYC shows the buy signal. See more of SPYC technicals for a more comprehensive analysis.
Today, SPYC technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPYC shows the buy signal. See more of SPYC technicals for a more comprehensive analysis.
Yes, SPYC pays dividends to its holders with the dividend yield of 0.85%.
SPYC trades at a premium (0.07%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SPYC shares are issued by Simplify Asset Management, Inc.
SPYC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 3, 2020.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.