Simplify US Equity PLUS Convexity ETF (SPYC) Performance
SPYC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.6% since Dec 31, 2025
- 1 year
- +5.4% total return
- 5 years
- +7.9% a year
- Since first price
- +11.4% a year since 2020
SPYC trailing returns vs SPY, QQQ, AGG
| Period | SPYC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.2% | −3.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.6% | +0.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.8% | +4.1% | +7.8% | +8.4% | −1.5% |
| YTD | +5.6% | +4.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +5.4% | +4.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +69.6%+19.3%/yr | +64.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +46.5%+7.9%/yr | +37.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionSep 4, 2020 | +94.1%+11.4%/yr | +80.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPYC vs SPY
From Sep 4, 2020: SPYC grew to $19,410, SPY to $24,150.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPYC returns by calendar year
4 of 5 full years positive. Best 2021 (+29.3%), worst 2022 (−25.6%). 2026 is year to date.
SPYC annual returns table
| Year | SPYC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.6% | −11.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.3% | −22.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +22.6% | −11.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +24.0% | −10.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −25.6% | −28.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +29.3% | −6.1% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPYC largest drawdowns
Now 7.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 27, 2021 | −28.5% | Oct 14, 2022 | Mar 1, 2024 | 10 months | 2.2 years |
| Dec 4, 2024 | −22.8% | Apr 8, 2025 | May 16, 2025 | 4 months | 5 months |
| Oct 28, 2025 | −13.5% | Mar 30, 2026 | May 6, 2026 | 5 months | 6 months |
| Jul 16, 2024 | −11.4% | Aug 7, 2024 | Nov 6, 2024 | 22 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPYC risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +19.1% | +9.6% | +12.4% |
| Volatility (annualized) | 15.7% | 16.8% | 16.5% |
| Sharpe ratio | 0.92 | 0.42 | 0.61 |
| Sortino ratio | 1.64 | 0.63 | 0.97 |
| Best month | +10.4% | +10.4% | +10.6% |
| Worst month | −7.1% | −9.0% | −9.0% |
| Best 12 months | +39.2% | +39.2% | +41.9% |
| Worst 12 months | −0.7% | −25.6% | −25.6% |
| Positive months | 61% | 58% | 60% |
| Beta vs S&P 500 | 1.15 | 0.98 | — |
| Correlation with S&P 500 | 0.91 | 0.92 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPYC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 62 | −25.6% | +13.4% | +41.9% | 76% |
| 3-year (a year) | 38 | +3.8% | +9.2% | +20.6% | 100% |
| 5-year (a year) | 14 | +7.6% | +10.0% | +14.7% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
SPYC performance overview
Simplify US Equity PLUS Convexity ETF (SPYC) returned +5.4% over the past year and +7.9% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +11.4% a year, turning $10,000 into about $19,410. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −28.5%, from Dec 27, 2021 to Oct 14, 2022, and it took 1.4 years to get back to the old high. SPYC finished 4 of its 5 full calendar years with a gain; the best year was 2021 (+29.3%) and the worst 2022 (−25.6%). Volatility has been 16.5% a year.
Related: SPYC chart, SPYC dividends. See the SPYC overview for the latest quote and fund facts.
SPYC performance FAQ
What is the SPYC return over the past year?
SPYC returned +5.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.2%.
What is the average annual return of SPYC?
SPYC has returned +7.9% a year over 5 years, +11.4% a year since September 4, 2020 (total return, distributions reinvested).
How much would $10,000 invested in SPYC be worth?
$10,000 invested in SPYC at its first recorded close on September 4, 2020 would be worth about $19,410 on October 23, 2026 with distributions reinvested.
What was the worst year for SPYC?
The worst calendar year was 2022, with a total return of −25.6%. The best was 2021 at +29.3%.
What is the biggest drawdown of SPYC?
The largest peak-to-trough decline was −28.5% between December 27, 2021 and October 14, 2022. It recovered to the old high on March 1, 2024, 1.4 years after the bottom.
How volatile is SPYC?
Over the past 3 years SPYC had an annualized volatility of 15.7% and a Sharpe ratio of 0.92 (excess return over 1–3 month T-bills per unit of risk).