Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
Simplify US Equity PLUS Downside Convexity ETF (SPD)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/10/2025: SPD (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 37.54% | Avg. Invested days 85 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/10/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.69 | 52 Weeks Range 29.46 - 37.84 | Updated Date 06/30/2025 |
52 Weeks Range 29.46 - 37.84 | Updated Date 06/30/2025 |
Upturn AI SWOT
Simplify US Equity PLUS Downside Convexity ETF
ETF Overview
Overview
The Simplify US Equity PLUS Downside Convexity ETF (SPYC) aims to provide capital appreciation while also offering downside protection. It seeks to participate in US equity market gains while mitigating potential losses during market downturns through a combination of stocks and options strategies.
Reputation and Reliability
Simplify Asset Management is a relatively new firm specializing in options-based strategies. They are known for innovative ETF structures, but their track record is shorter compared to larger, established issuers.
Management Expertise
Simplify Asset Management's team has experience in options trading and portfolio construction. Their expertise is focused on using derivatives to achieve specific investment outcomes.
Investment Objective
Goal
To provide capital appreciation while also offering downside protection.
Investment Approach and Strategy
Strategy: SPYC employs a combination of US equity exposure and a downside convexity strategy using options. It's not designed to track a specific index, but rather to deliver a specific risk/return profile.
Composition The ETF holds US equities and a portfolio of options designed to provide downside protection and upside participation.
Market Position
Market Share: Data not available to accurately assess SPYC's market share.
Total Net Assets (AUM): 68767892.0
Competitors
Key Competitors
- PFIX
- SPD
- RVNU
- QTR
Competitive Landscape
The competitive landscape involves ETFs employing various options strategies for downside protection and income generation. SPYC's advantage is its specific focus on downside convexity alongside equity exposure, while competitors might prioritize different objectives or risk profiles.
Financial Performance
Historical Performance: Historical performance data needs to be sourced from financial data providers.
Benchmark Comparison: Benchmark comparison requires specifying an appropriate benchmark index such as the S&P 500, data not yet sourced.
Expense Ratio: 0.50
Liquidity
Average Trading Volume
Average trading volume provides an indication of how easily shares can be bought or sold without significantly affecting the price; SPYC has relatively low liquidity.
Bid-Ask Spread
The bid-ask spread reflects the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept, and the ETF can have relatively wide spreads.
Market Dynamics
Market Environment Factors
Economic indicators like interest rates, inflation, and GDP growth, sector-specific trends, and overall market volatility influence SPYC's performance. Option prices are sensitive to market volatility (VIX).
Growth Trajectory
The growth trajectory depends on investor demand for downside protection and the ETF's ability to effectively manage its options strategy. Changes to strategy and holdings need to be monitored through fund disclosures.
Moat and Competitive Advantages
Competitive Edge
SPYC's competitive advantage lies in its specific approach to downside convexity, combining equity exposure with an options strategy designed to benefit from market declines. This aims to provide a unique risk-return profile compared to simpler equity or fixed-income strategies. The ETF's structure allows for potential upside participation while hedging against significant losses, potentially attracting investors seeking both growth and risk mitigation. Simplify Asset Management's focus on options-based ETFs also provides a degree of specialized expertise.
Risk Analysis
Volatility
Historical volatility needs to be calculated based on the ETF's price fluctuations over time.
Market Risk
Market risk includes the potential for losses due to broad market declines, as well as the specific risks associated with options trading, such as the possibility of options expiring worthless or the need to roll positions, potentially impacting returns.
Investor Profile
Ideal Investor Profile
The ideal investor is one who has an investment outlook for capital growth and also is risk-averse with high regard for downside protection. They should have a good grasp of options investment strategies.
Market Risk
SPYC may suit long-term investors who seek to participate in equity market gains while mitigating potential losses during market downturns, however, due to options, it is more suited for active traders.
Summary
The Simplify US Equity PLUS Downside Convexity ETF (SPYC) aims to provide capital appreciation while managing downside risk through options strategies. It combines exposure to US equities with a focus on downside convexity, targeting a unique risk-return profile. The ETF may be most suitable for investors with a tolerance for complexity, a focus on downside protection, and an understanding of options-based strategies. Its success depends on the effectiveness of its options strategy and the overall market environment.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Simplify Asset Management Website
- ETF.com
- Bloomberg
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investments in ETFs carry risk, including the potential loss of principal.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Simplify US Equity PLUS Downside Convexity ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The adviser seeks to achieve the fund's investment objective by investing primarily in equity securities of U.S. companies and applying a downside convexity option overlay strategy to the equity investments. Under normal circumstances, it 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 downside convexity option overlay strategy includes purchasing exchange-traded and over-the-counter (OTC) put options on the S&P 500 Index or an S&P 500 Index ETF.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.