SPYC ETF — Simplify US Equity PLUS Convexity ETF

Simplify US Equity PLUS Convexity ETF (SPYC)

Updated October 16, 2026.

SPYC is an ETF. its distribution rate is 1.78%, its trailing-12-month yield is 1.11%, its expense ratio is 0.53%. Dividend Vision Distribution Safety Score™ is 72/100 (Generally safe). Total return is 95.0% over the past 6.1 years, 47.5 points behind SPY at 142.5%.

Simplify US Equity PLUS Convexity ETF is an ETF that invests primarily in U.S. equity securities through exchange-traded funds while overlaying a convexity strategy using put and call options on the S&P 500 Index to potentially enhance returns. The fund distributes quarterly with a modest current distribution rate and carries an expense ratio of 0.53%. It appeals to equity investors seeking exposure to U.S. stocks with an options-based strategy designed to add value across market conditions.

SPYC performance versus SPY

Price and return data through 2026-10-16.

Total return is 95.0% over the past 6.1 years, 47.5 points behind SPY at 142.5%. Over the past year its total return — price change plus distributions reinvested — is 7.6%. Its deepest 1-year drawdown was 13.5%.

SPYC key facts

Distribution Safety Score™

72 · Generally safe

Safety-Adjusted Yield

1.28%

Issuer

Simplify ETFs

Asset type

ETF

Asset class

Equity

Inception date

09/03/2020

Expense ratio

0.53%

Distribution rate

1.78%

Distribution frequency

Quarterly

Trailing yield

1.11%

Last close

$44.95 (as of 2026-10-16)

AUM

$82,946,415

Average volume

7633.0

Dividend

$0.20

Ex-dividend date

09/25/2026

Payment date

09/30/2026

Beta

1.16

How Dividend Vision calculates yield and returns

Distribution rate (1.78%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.11%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Simplify ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SPYC risks and drawbacks

SPYC's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 13.5%.

Who may consider SPYC — and who may not

It is a weaker fit for investors who need monthly cash flow (SPYC pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SPYC

• All tickers starting with S

Frequently asked questions

More securities from Simplify ETFs.