Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
Simplify US Equity PLUS Convexity ETF(SPYC)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SPYC
10/28/2026: SPYC (2-star) is currently NOT-A-BUY. Pass it for now.
Simplify US Equity PLUS Convexity ETF (SPYC) provides core S&P 500 equity exposure enhanced by an options overlay designed to offer convexity—the potential for improved performance during significant market moves. Its primary strength lies in delegating complex derivatives management to an experienced team, though this comes at a higher expense ratio and potential performance drag in quiet markets compared to passive index funds. It is intended for investors seeking to integrate systematic risk management into their equity allocation. The most significant risks involve the cost of options and the potential for the strategy to underperform in flat market conditions. This product best suits intermediate to advanced investors looking to customize their equity risk profile.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The fund provides equity exposure but the options overlay may dampen growth during strong bull markets. |
| Momentum investor | Strong fit while signal remains positive | The convexity feature can potentially amplify gains during strong directional moves. |
| Value investor | Weak fit | The options strategy adds complexity and cost that may not appeal to a traditional long-term value investor. |
| Dividend/Income investor | Weak fit | The fund is focused on capital structure and volatility rather than yield generation. |
| Low-risk investor | Mixed fit | While it offers some convexity, it is still exposed to full equity market beta. |
Investor Profile
Ideal Investor Profile
The ideal investor is one who seeks core equity market exposure but wants a built-in 'buffer' or 'booster' mechanism to handle potential market extremes.
Suitability
This is best suited for sophisticated investors who understand options and want a 'set-it-and-forget-it' convexity solution, rather than passive indexers or short-term day traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | The fund is designed specifically to react to and benefit from market volatility. |
| Market risk | High | As an equity-based fund, it carries the full risk of the underlying S&P 500 index. |
| Concentration | Low | The core portfolio is highly diversified across the 500 stocks of the S&P 500. |
| Tracking/expense | Medium | The options overlay causes the fund to deviate from a standard passive index tracking experience. |
| Liquidity | Medium | Lower average volumes can lead to wider spreads during periods of market stress. |
| Business/sector quality | Low | The exposure to the broad S&P 500 is fundamentally strong. |
Risk Analysis
Volatility
The fund is intentionally designed to exhibit different volatility characteristics than the underlying index due to the options component.
Market Risk
Investors face full market risk regarding the equity portion, compounded by the complexity and performance risk of the derivatives strategy.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Equity | S&P 500 Equity ETFs | 90 | Provides core exposure to the largest 500 US companies. |
| Derivatives | Equity Options Overlay | 9 | The options overlay is designed to add convexity to the portfolio to hedge or profit from significant market moves. |
| Cash/collateral | Cash and Cash Equivalents | 1 | Cash balances are maintained for liquidity and collateral requirements for the derivatives strategy. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 31.59% | Avg. Invested days 90 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.