Seeking AlphaT3·29mo ago
SPYC Simplify US Equity PLUS Convexity ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
SPYC
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Key stats
About
Simplify US Equity PLUS Convexity ETF (SPYC) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2020-09-03
- Has Options
- No
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
- Expense ratio
- 0.53% prospectus, filed Oct 31, 2025
- Assets
- $112M SEC filing, Jun 30, 2026
- Trailing yield
- 1.09% paid quarterly
- Average daily volume
- $1.2M 30 sessions
- Holdings
- 21 top 10 are 99.7%
- Listed
- Sep 3, 2020 NYSE Arca
- Last fee change
- +1 bp filed Oct 28, 2024
Cost87
Liquidity36
Scale39
Diversification0
Moves with. US large-cap stocks (87% of its variance, beta 1.19). These factors explain 89% of its daily moves over the last year.
Stated objective. Investment Objective: The Simplify US Equity PLUS Convexity ETF (the Fund or SPYC) seeks long-term capital appreciation. (from the fund's prospectus)
All 21 holdingsFlow historyOverlap toolAll Tail Risk & Volatility Strategies ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$1.2M latest reported month
- Latest 3 months
- +$7.7M +6.9% of assets
- Latest 12 months
- +$18M +16.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$1.2M |
| May 2026 | +$5.5M |
| Apr 2026 | +$1.1M |
| Mar 2026 | −$67K |
| Feb 2026 | $0 |
| Jan 2026 | +$2.2M |
| Dec 2025 | +$2.2M |
| Nov 2025 | $0 |
| Oct 2025 | −$1.1M |
| Sep 2025 | +$1.1M |
| Aug 2025 | +$1.0M |
| Jul 2025 | +$5.1M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 72 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| CAOSAlpha Architect Tail Risk ETF | — | 0.63% | $705M | +1.3% | compare |
| SVOLSimplify Volatility Premium ETF | — | 0.66% | $543M | −6.1% | compare |
| TAILCambria Tail Risk ETF | — | 0.59% | $153M | −17.6% | compare |
| ATTRArin Tactical Tail Risk ETF | — | 0.63% | $96M | — | compare |
| RSMVRelative Strength Managed Volatility Strategy ETF | — | 0.95% | $25M | +5.4% | compare |
The largest other funds in the Tail Risk & Volatility Strategies category.
Under the hood
fiscal year to Jun 30, 2026SEC census- Authorized participants
- 4 active of 4 with agreements; top 3 did 86%
- Created · redeemed
- $24M · $5.5M over the fiscal year
- Redemptions in kind
- 96% creations 94% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-06-30
Holdings
21
AUM
$111.3M
Provider
Nport
Inception
2020-09-03
Exchange
ARCX
Data As Of
2026-06-30
Expense Ratio
0.53%
Dividend Yield
1.09%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-25 | 2026-09-30 | $0.2000 | CD |
| 2026-06-25 | 2026-06-30 | $0.1000 | CD |
| 2026-03-26 | 2026-03-31 | $0.1000 | CD |
| 2025-12-23 | 2025-12-31 | $0.1000 | CD |
| 2025-09-25 | 2025-09-30 | $0.1000 | CD |
| 2025-06-25 | 2025-06-30 | $0.1000 | CD |
Asset Allocation
Top Holdings
top 21 of 21 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| IVV | ISHARES TRUST | 93.62% | Equity (common) | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 3.20% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 1.19% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 0.89% | Debt | US |
| — | THE OPTIONS CLEARING CORPORATION | 0.22% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | 0.22% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | 0.14% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | 0.10% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | 0.08% | Derivative (equity) | US |
| — | DREYFUS TRSY OBLIG CASH M | 0.08% | Short-term investment | US |
| — | THE OPTIONS CLEARING CORPORATION | 0.05% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | 0.04% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | 0.03% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | 0.02% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | 0.01% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | 0.01% | Derivative (equity) | US |
| — | BNP PARIBAS | 0.00% | Derivative (equity) | FR |
| — | BANK OF AMERICA, NATIONAL ASSOCIATION | 0.00% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | -0.01% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | -0.09% | Derivative (equity) | US |
| — | THE OPTIONS CLEARING CORPORATION | -0.12% | Derivative (equity) | US |
Non-Equity Breakdown
Simplify US Equity PLUS Convexity ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-24)
Net assets:
$112M
· 21 total positions
· equity 93.62%
· non-equity 6.06%
Non-equity holdings
— 20 positions,
6.06% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 5.28% | $5.9M | 3 |
| Derivative (equity) | 0.70% | $779333 | 16 |
| Short-term investment | 0.08% | $91398 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.98% | -8.98% | 6.20% | 2.14% | 4.31% | 0.34% | 0.83% |
| Feb | 0.77% | -4.06% | -3.82% | 5.91% | -3.19% | -2.54% | -1.16% |
| Mar | 1.07% | 4.96% | 3.50% | 2.81% | -4.89% | -6.04% | 0.24% |
| Apr | 5.35% | -9.26% | 0.89% | -5.80% | 6.53% | 9.66% | 1.23% |
| May | -0.73% | 0.89% | 0.25% | 5.57% | 5.49% | 5.42% | 2.81% |
| Jun | 1.62% | -7.92% | 5.49% | 4.50% | 4.92% | -1.29% | 1.22% |
| Jul | 2.33% | 7.77% | 3.29% | 0.46% | -0.85% | -0.93% | 2.01% |
| Aug | 3.79% | -4.31% | -2.25% | 3.64% | 3.35% | 0.58% | 0.80% |
| Sep | -6.41% | -5.53% | -5.47% | 4.18% | 4.40% | -1.14% | -1.66% |
| Oct | 5.61% | 0.53% | -2.24% | -0.26% | 2.08% | 0.63%* | 1.06% |
| Nov | 1.24% | 3.34% | 7.85% | 6.90% | -1.07% | -- | 3.65% |
| Dec | 5.73% | -6.73% | 3.76% | -6.78% | -0.59% | -- | -0.92% |
| Total | 22.82% | -27.06% | 17.77% | 24.61% | 21.62% | 3.94% | 10.62% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $45.95
SMA 50: $46.30
SMA 200: $44.25
Current: $45.84
EMA 12: $45.76
EMA 26: $45.95
MACD: -0.1941 | Signal: -0.0667
BEARISH
ADX (14): 12.00
RANGE
+DI: 28.82
−DI: 36.12
Momentum Oscillators
RSI (14): 48.79
NEUTRAL
Stoch %K: 28.43
Stoch %D: 19.56
Williams %R: -56.84
Volume & Volatility
BB Upper: $47.01
BB Lower: $44.89
NEUTRAL
OBV: -696,992
Vol SMA 20: 3,930
Vol ROC: -25.19%
ATR: $0.51
True Range: $0.44
HV 20: 15.5%
HV 30: 16.8%
HV 60: 18.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: SPYC
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 6/10)
Key Drivers: Technical sell signals, increased volatility, and mixed news sentiment
Primary Risks: High risk due to beta >1.19, and potential technical breakdown
Investment Thesis: Sell SPYC with a stop-loss above $47.25, targeting a retest of the lower Bollinger Band ($45.31) or further downside movement.
Recent News Sentiment Impact: Neutral headlines have not significantly influenced the stock price.
Technical Analysis
Trend Direction: Short-term bearish, Medium-term neutral, Long-term bullish (based on SMA 200)
Support/Resistance Levels:
- Lower Bollinger Band: $45.31
- Upper Bollinger Band: $47.25
- EMA 12: $45.98
- EMA 26: $46.21
Momentum Signals:
- RSI (14): 46.99 (neutral)
- MACD: -0.22 / Signal: -0.13 / Histogram: -0.09 (bearish)
Volume Analysis: Volume is decreasing, suggesting potential selling pressure.
News & Sentiment Analysis
Recent Headlines Summary: Neutral headlines from Seeking Alpha, focusing on market trends and indices.
Sentiment Assessment: Aggregate sentiment is neutral, with no significant impact on the stock price.
Catalyst Identification: No upcoming events or earnings data available.
Market Narrative: Technical signals are driving the stock's movement, while news sentiment remains neutral.
Risk & Volatility Assessment
Beta Interpretation: High risk due to beta >1.19 (amplification of market movements).
Volatility Regime: Above average volatility (0.16), indicating increased uncertainty and potential for larger price swings.
Options Market Signals: No options data available, but increased volatility may lead to increased option trading activity.
Downside Protection: Support levels at $45.31 and $43.89 provide some protection against further downside movement.
Market Context & Positioning
Sector Performance: SPYC is outperforming the broader market, with a relative strength index (RSI) above 50.
Institutional Activity: No recent institutional activity or volume patterns suggesting interest.
Correlation Analysis: Correlation with the market is high (0.95), indicating amplification of market movements.
Relative Valuation: SPYC is trading within its historical range, with some room for further downside movement.
Key Levels & Action Items
Critical Price Levels:
- Lower Bollinger Band: $45.31
- Upper Bollinger Band: $47.25
Breakout/Breakdown Levels: EMA 12 ($45.98) and EMA 26 ($46.21)
Time-Sensitive Catalysts: No upcoming events or earnings data available.
Risk Management: Set a stop-loss above $47.25 to limit potential losses, and consider reducing position size due to high risk.
Please note that this is just an example analysis and should not be taken as personalized investment advice.
Generated
News
All SPYC news →
Seeking AlphaT3·33mo ago
Seeking AlphaT3·42mo ago
Seeking AlphaT3·45mo ago
SPYC Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.2065
Alpha: -10.14%
Correlation: 0.9398
R-Squared: 88.3%
Stock Volatility: 16.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 250
Period: 252 trading days
Data Points: 250
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
SPYC Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
SPYC Constituent Performance
Click any bar to view the full quote for that stock.
SPYC Constituents (1 of 1)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| IVV | ISHARES TRUST | 93.62% | $770.82 | -0.75% | -0.56% | +0.03% |