EWK vs SPUC

Comparison between ISHARES MSCI BELGIUM ETF (EWK, ETF) and SIMPLIFY US EQUITY PLUS UPSIDE CONVEXITY ETF (SPUC, ETF).

5-Year PerformanceSPUC has outperformed EWK, delivering a return of +13.2% compared to +5.9%

EWK vs SPUC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EWK(ETF)	SPUC(ETF)
Net Assets	$113M	$112M
Expense Ratio	0.49%	0.53%
Max Drawdown	76.53%	29.80%
Sharpe Ratio	1.18	1.25
5Y Beta	0.47	1.35
5Y Dividends CAGR	4.09%	86.52%

Net Assets

Winner

EWK

$113M

SPUC

$112M

Expense Ratio

Winner

EWK

0.49%

SPUC

0.53%

Max Drawdown

EWK

76.53%

Winner

SPUC

29.80%

Sharpe Ratio

EWK

1.18

Winner

SPUC

1.25

5Y Beta

Winner

EWK

0.47

SPUC

1.35

5Y Dividends CAGR

EWK

4.09%

Winner

SPUC

86.52%

EWK vs SPUC - Historical Returns

Returns include dividend reinvestment.

Period	EWK	SPUC
1 month	+2.14%	+1.70%
3 months	+5.96%	+7.91%
6 months	+10.25%	+5.56%
1 year	+22.59%	+28.06%
5 years(CAGR)	+5.92%	+13.16%
10 years(CAGR)	+6.21%	N/A
Max(CAGR)	+5.06%	+15.68%

Winner

EWK

+2.14%

SPUC

+1.70%

EWK

+5.96%

Winner

SPUC

+7.91%

Winner

EWK

+10.25%

SPUC

+5.56%

EWK

+22.59%

Winner

SPUC

+28.06%

5Y(CAGR)

EWK

+5.92%

Winner

SPUC

+13.16%

10Y(CAGR)

EWK

+6.21%

SPUC

N/A

Max(CAGR)

EWK

+5.06%

Winner

SPUC

+15.68%

EWK vs SPUC - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EWK	SPUC
2026	+9.08%	+7.20%
2025	+35.87%	+22.81%
2024	+1.33%	+26.68%
2023	+7.19%	+27.89%
2022	-15.08%	-25.38%
2021	+11.60%	+35.83%
2020	-0.97%	+9.53%
2019	+26.61%	N/A
2018	-20.92%	N/A
2017	+23.57%	N/A
2016	-0.64%	N/A
2015	+13.66%	N/A
2014	+2.19%	N/A
2013	+24.29%	N/A
2012	+31.94%	N/A
2011	-16.35%	N/A
2010	+1.34%	N/A
2009	+44.49%	N/A
2008	-62.08%	N/A
2007	-3.13%	N/A
2006	+30.72%	N/A
2005	+7.66%	N/A
2004	+42.99%	N/A
2003	+37.15%	N/A
2002	-10.75%	N/A
2001	-13.53%	N/A
2000	-20.19%	N/A
1999	+2.80%	N/A

EWK vs SPUC Drawdown Comparison

The maximum drawdown for EWK was -74.13%, occurring on Mar 9, 2009. Recovery took 2491 trading sessions.

The maximum drawdown for SPUC was -29.20%, occurring on Oct 12, 2022. Recovery took 528 trading sessions.

The current EWK drawdown is -2.91%. The current SPUC drawdown is -2.50%.

Rank	EWK	SPUC
#1	-74.13% Jul 12, 2007 - Jun 2, 2017	-29.20% Dec 27, 2021 - Feb 2, 2024
#2	-53.88% Nov 17, 1999 - Aug 26, 2004	-28.17% Dec 4, 2024 - Jul 3, 2025
#3	-42.79% Jan 26, 2018 - Apr 21, 2021	-14.55% Jul 16, 2024 - Nov 7, 2024
#4	-35.17% Jun 15, 2021 - Apr 29, 2025	-11.59% Oct 29, 2025 - May 1, 2026
#5	-16.05% May 10, 2006 - Aug 30, 2006	-9.89% Mar 28, 2024 - Jun 11, 2024
#6	-15.47% Feb 17, 2026 - Mar 20, 2026	-8.67% Oct 12, 2020 - Nov 9, 2020
#7	-9.13% Mar 9, 2005 - Aug 11, 2005	-6.90% Sep 3, 2021 - Oct 25, 2021
#8	-8.75% Feb 14, 2007 - Apr 3, 2007	-6.15% Sep 4, 2020 - Oct 8, 2020
#9	-6.06% Aug 11, 2005 - Dec 12, 2005	-5.68% Feb 16, 2021 - Mar 15, 2021
#10	-5.86% May 7, 2007 - Jul 12, 2007	-5.37% Nov 18, 2021 - Dec 23, 2021
#11	-5.14% Dec 28, 2004 - Feb 14, 2005	-5.00% May 7, 2021 - Jun 28, 2021
#12	-4.38% Jul 23, 2025 - Aug 14, 2025	-4.87% Nov 11, 2024 - Nov 26, 2024
#13	-4.29% Jun 2, 2017 - Jul 20, 2017	-4.68% Jul 12, 2021 - Jul 23, 2021
#14	-4.20% Oct 13, 2017 - Jan 4, 2018	-4.42% Oct 8, 2025 - Oct 27, 2025
#15	-4.15% Oct 8, 2004 - Oct 26, 2004	-3.63% Jul 25, 2025 - Aug 12, 2025

Correlation

Correlation between EWK and SPUC is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2000 - 2026)

EWK vs SPUC dividend yield comparison.

Year	EWK	SPUC
2026	0.00%	2.19%
2025	1.73%	7.70%
2024	3.25%	0.94%
2023	2.09%	1.33%
2022	2.58%	1.53%
2021	3.64%	2.00%
2020	1.66%	0.75%
2019	2.77%	0.00%
2018	2.78%	0.00%
2017	2.91%	0.00%
2016	1.75%	0.00%
2015	2.06%	0.00%
2014	1.85%	0.00%
2013	4.62%	0.00%
2012	2.70%	0.00%
2011	5.35%	0.00%
2010	1.86%	0.00%
2009	1.81%	0.00%
2008	13.65%	0.00%
2007	2.95%	0.00%
2006	1.72%	0.00%
2005	4.23%	0.00%
2004	1.54%	0.00%
2003	7.76%	0.00%
2002	1.15%	0.00%
2001	2.75%	0.00%
2000	3.10%	0.00%