ICAP vs SPYC
Comparison between INFRASTRUCTURE CAPITAL EQUITY INCOME ETF (ICAP, ETF) and SIMPLIFY US EQUITY PLUS CONVEXITY ETF (SPYC, ETF).
ICAP vs SPYC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ICAP
$100M
Winner
SPYC
$100M
Expense Ratio
ICAP
2.47%
Winner
SPYC
0.53%
Max Drawdown
ICAP
34.14%
Winner
SPYC
29.33%
Sharpe Ratio
Winner
ICAP
1.37
SPYC
0.68
5Y Beta
Winner
ICAP
0.77
SPYC
1.24
P/E Ratio
ICAP
29.80
SPYC
N/A
Forward P/E
ICAP
11.44
SPYC
N/A
5Y Dividends CAGR
ICAP
N/A
SPYC
34.79%
5Y EPS CAGR
ICAP
6.72%
SPYC
N/A
P/S Ratio
ICAP
1.92
SPYC
N/A
P/B Ratio
ICAP
1.85
SPYC
N/A
ICAP vs SPYC - Holdings Comparison
ICAP and SPYC have 1 common holdings. Overlap is -13.70%
ICAP's top 25 holdings weight is 71.90%. SPYC's top 25 holdings weight is 100.56%.
| Rank | ICAP | SPYC |
|---|---|---|
| #1 | AMAZON.COM INC (AMZN) - 5.75% | ISHARES CORE S&P 500 ETF (IVV) - 99.12% |
| #2 | CITIZENS FINANCIAL GROUP INC (CFG) - 5.20% | SPXW US 12/19/25 P5700 (n/a) - 0.44% |
| #3 | NEXTERA ENERGY INC (NEE) - 4.16% | SPXW US 10/17/25 C6725 (n/a) - 0.18% |
| #4 | MARVELL TECHNOLOGY INC (MRVL) - 4.00% | DREYFUS TRSY OBLIG CASH M (n/a) - 0.17% |
| #5 | TOLL BROTHERS INC (TOL) - 3.95% | SPXW US 11/21/25 P5500 (n/a) - 0.14% |
| #6 | APOLLO GLOBAL MANAGEMENT INC (APO) - 3.75% | SPXW US 10/08/25 C6690 (n/a) - 0.11% |
| #7 | CELSIUS HOLDINGS INC (CELH) - 3.68% | SPXW US 10/03/25 C6670 (n/a) - 0.11% |
| #8 | KKR & CO INC ORDINARY SHARES (KKR) - 3.22% | SPXW US 10/10/25 C6725 (n/a) - 0.10% |
| #9 | LENNAR CORP CLASS A (LEN) - 3.21% | SPXW US 10/08/25 P6350 (n/a) - 0.06% |
| #10 | MERCK & CO INC (MRK) - 2.97% | SPXW US 10/06/25 P6400 (n/a) - 0.03% |
| #11 | NVIDIA CORP (NVDA) - 2.69% | SPXW US 10/03/25 P6360 (n/a) - 0.02% |
| #12 | THE GOLDMAN SACHS GROUP INC (GS) - 2.65% | SPXW US 10/17/25 P5350 (n/a) - 0.02% |
| #13 | META PLATFORMS INC CLASS A (META) - 2.45% | GLD US 10/10/25 P324 (n/a) - 0.01% |
| #14 | FREEPORT-MCMORAN INC (FCX) - 2.39% | GLD US 10/10/25 P328 (n/a) - 0.01% |
| #15 | CHENIERE ENERGY INC (LNG) - 2.39% | RUTW US 10/10/25 P2230 (n/a) - 0.01% |
| #16 | XCEL ENERGY INC (XEL) - 2.27% | RUTW US 10/10/25 P2215 (n/a) - 0.01% |
| #17 | VISTRA CORP (VST) - 2.21% | RUTW US 10/08/25 P2240 (n/a) - 0.01% |
| #18 | ZIONS BANCORP NA (ZION) - 2.21% | NDXP US 10/10/25 P22550 (n/a) - 0.01% |
| #19 | MPLX LP PARTNERSHIP UNITS (MPLX) - 2.19% | SPXW US 10/10/25 P6140 (n/a) - 0.01% |
| #20 | MICROSOFT CORP (MSFT) - 1.96% | SPXW US 10/10/25 P6100 (n/a) - 0.01% |
| #21 | n/a (ADAMN) - 1.95% | SPXW US 10/06/25 C6790 (n/a) - 0.01% |
| #22 | REDWOOD TRUST INC 9% (RWTO) - 1.78% | STONEX CASH (n/a) - 0.00% |
| #23 | n/a (KKR-PRD) - 1.66% | SPXW US 10/01/25 C6775 (n/a) - 0.00% |
| #24 | BXP INC (BXP) - 1.65% | SPXW US 10/17/25 P5050 (n/a) - -0.01% |
| #25 | KILROY REALTY CORP (KRC) - 1.56% | RUTW US 10/08/25 P2340 (n/a) - -0.02% |
| Total Holdings | 198 | 34 |
ICAP vs SPYC - Historical Returns
Returns include dividend reinvestment.
1M
ICAP
-0.56%
Winner
SPYC
+2.23%
3M
ICAP
+4.51%
Winner
SPYC
+7.73%
6M
Winner
ICAP
+5.93%
SPYC
+4.11%
1Y
Winner
ICAP
+23.38%
SPYC
+15.21%
5Y(CAGR)
ICAP
+7.59%
Winner
SPYC
+9.35%
Max(CAGR)
ICAP
+7.59%
Winner
SPYC
+12.12%
ICAP vs SPYC - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | ICAP | SPYC |
|---|---|---|
| 2026 | +4.37% | +5.06% |
| 2025 | +15.62% | +16.03% |
| 2024 | +13.42% | +23.46% |
| 2023 | +8.25% | +24.21% |
| 2022 | -11.04% | -25.63% |
| 2021 | +0.57% | +31.23% |
| 2020 | N/A | +9.10% |
ICAP vs SPYC Drawdown Comparison
The maximum drawdown for ICAP was -24.20%, occurring on Oct 30, 2023. Recovery took 560 trading sessions.
The maximum drawdown for SPYC was -28.51%, occurring on Oct 14, 2022. Recovery took 547 trading sessions.
The current ICAP drawdown is -3.03%. The current SPYC drawdown is -3.15%.
| Rank | ICAP | SPYC |
|---|---|---|
| #1 | -24.20% Apr 20, 2022 - Jul 15, 2024 | -28.51% Dec 27, 2021 - Mar 1, 2024 |
| #2 | -20.30% Nov 29, 2024 - Jul 17, 2025 | -22.81% Dec 4, 2024 - May 16, 2025 |
| #3 | -10.65% Feb 10, 2026 - Apr 17, 2026 | -13.47% Oct 28, 2025 - May 6, 2026 |
| #4 | -5.92% Jan 14, 2022 - Mar 29, 2022 | -11.39% Jul 16, 2024 - Nov 6, 2024 |
| #5 | -5.88% Jul 31, 2024 - Aug 23, 2024 | -7.96% Oct 12, 2020 - Nov 9, 2020 |
| #6 | -5.36% Sep 18, 2025 - Nov 12, 2025 | -7.24% Mar 28, 2024 - May 15, 2024 |
| #7 | -4.84% Oct 18, 2024 - Nov 11, 2024 | -6.09% Sep 3, 2021 - Oct 25, 2021 |
| #8 | -4.10% Nov 12, 2025 - Nov 26, 2025 | -5.73% Jul 3, 2025 - Sep 11, 2025 |
| #9 | -3.18% Apr 22, 2026 - May 26, 2026 | -5.71% Sep 4, 2020 - Oct 7, 2020 |
| #10 | -3.03% Jun 2, 2026 - Jun 5, 2026 | -5.09% Feb 17, 2021 - Mar 15, 2021 |
| #11 | -2.96% Aug 30, 2024 - Sep 13, 2024 | -4.91% Apr 27, 2021 - Jun 28, 2021 |
| #12 | -2.73% Jul 24, 2025 - Aug 22, 2025 | -4.46% May 19, 2025 - Jun 26, 2025 |
| #13 | -2.64% Jan 4, 2022 - Jan 14, 2022 | -4.25% Nov 18, 2021 - Dec 10, 2021 |
| #14 | -2.26% Jul 17, 2024 - Jul 30, 2024 | -4.22% Dec 10, 2021 - Dec 23, 2021 |
| #15 | -1.93% Apr 1, 2022 - Apr 19, 2022 | -3.84% Nov 8, 2024 - Nov 26, 2024 |
Correlation
Correlation between ICAP and SPYC is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2020 - 2026)
ICAP vs SPYC dividend yield comparison.
| Year | ICAP | SPYC |
|---|---|---|
| 2026 | 4.32% | 0.22% |
| 2025 | 8.89% | 0.89% |
| 2024 | 8.30% | 1.02% |
| 2023 | 8.65% | 1.76% |
| 2022 | 8.95% | 1.34% |
| 2021 | 0.00% | 1.01% |
| 2020 | 0.00% | 0.40% |
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