SPYC vs MGF

Comparison between SIMPLIFY US EQUITY PLUS CONVEXITY ETF (SPYC, ETF) and MFS Government Markets Income Trust (MGF, ETF).

5-Year PerformanceSPYC has outperformed MGF, delivering a return of +9.3% compared to -1.2%

SPYC vs MGF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPYC(ETF)	MGF(ETF)
Net Assets	$100M	$100M
Expense Ratio	0.53%	N/A
Max Drawdown	29.33%	64.59%
Sharpe Ratio	0.68	-0.31
5Y Beta	1.24	0.04
5Y Dividends CAGR	34.79%	-7.75%

Net Assets

SPYC

$100M

Winner

MGF

$100M

Expense Ratio

SPYC

0.53%

MGF

N/A

Max Drawdown

Winner

SPYC

29.33%

MGF

64.59%

Sharpe Ratio

Winner

SPYC

0.68

MGF

-0.31

5Y Beta

SPYC

1.24

Winner

MGF

0.04

5Y Dividends CAGR

Winner

SPYC

34.79%

MGF

-7.75%

SPYC vs MGF - Historical Returns

Returns include dividend reinvestment.

Period	SPYC	MGF
1 month	+2.23%	-0.05%
3 months	+7.73%	-2.19%
6 months	+4.11%	-3.89%
1 year	+15.21%	-0.57%
5 years(CAGR)	+9.35%	-1.20%
10 years(CAGR)	N/A	+1.30%
Max(CAGR)	+12.12%	+4.15%

Winner

SPYC

+2.23%

MGF

-0.05%

Winner

SPYC

+7.73%

MGF

-2.19%

Winner

SPYC

+4.11%

MGF

-3.89%

Winner

SPYC

+15.21%

MGF

-0.57%

5Y(CAGR)

Winner

SPYC

+9.35%

MGF

-1.20%

10Y(CAGR)

SPYC

N/A

MGF

+1.30%

Max(CAGR)

Winner

SPYC

+12.12%

MGF

+4.15%

SPYC vs MGF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SPYC	MGF
2026	+5.06%	-2.91%
2025	+16.03%	+5.18%
2024	+23.46%	+4.18%
2023	+24.21%	+3.78%
2022	-25.63%	-15.17%
2021	+31.23%	+0.65%
2020	+9.10%	+7.32%
2019	N/A	+9.81%
2018	N/A	-0.14%
2017	N/A	+3.45%
2016	N/A	+2.52%
2015	N/A	-0.31%
2014	N/A	+6.04%
2013	N/A	-10.52%
2012	N/A	+5.17%
2011	N/A	+10.17%
2010	N/A	-0.19%
2009	N/A	+0.72%
2008	N/A	+26.75%
2007	N/A	+9.08%
2006	N/A	+6.49%
2005	N/A	+2.69%
2004	N/A	+3.30%
2003	N/A	+2.74%
2002	N/A	+15.23%
2001	N/A	+6.43%
2000	N/A	+17.98%
1999	N/A	-4.21%

SPYC vs MGF Drawdown Comparison

The maximum drawdown for SPYC was -28.51%, occurring on Oct 14, 2022. Recovery took 547 trading sessions.

The maximum drawdown for MGF was -22.85%, occurring on Oct 24, 2022. This drawdown has not yet recovered.

The current SPYC drawdown is -3.15%. The current MGF drawdown is -7.75%.

Rank	SPYC	MGF
#1	-28.51% Dec 27, 2021 - Mar 1, 2024	-22.85% Sep 17, 2021 - Oct 24, 2022
#2	-22.81% Dec 4, 2024 - May 16, 2025	-21.63% Sep 8, 2008 - Nov 28, 2008
#3	-13.47% Oct 28, 2025 - May 6, 2026	-19.20% Sep 5, 2012 - Aug 18, 2016
#4	-11.39% Jul 16, 2024 - Nov 6, 2024	-15.76% Dec 23, 2008 - Aug 21, 2009
#5	-7.96% Oct 12, 2020 - Nov 9, 2020	-15.30% Aug 23, 2010 - Jan 13, 2012
#6	-7.24% Mar 28, 2024 - May 15, 2024	-9.35% Mar 9, 2020 - Apr 13, 2020
#7	-6.09% Sep 3, 2021 - Oct 25, 2021	-9.12% Sep 23, 2009 - Mar 10, 2010
#8	-5.73% Jul 3, 2025 - Sep 11, 2025	-8.88% Mar 19, 2004 - Jan 18, 2005
#9	-5.71% Sep 4, 2020 - Oct 7, 2020	-8.02% May 27, 2008 - Sep 8, 2008
#10	-5.09% Feb 17, 2021 - Mar 15, 2021	-7.46% Mar 16, 2010 - Jun 7, 2010
#11	-4.91% Apr 27, 2021 - Jun 28, 2021	-7.25% May 23, 2003 - Feb 12, 2004
#12	-4.46% May 19, 2025 - Jun 26, 2025	-6.95% Aug 18, 2016 - Jan 31, 2019
#13	-4.25% Nov 18, 2021 - Dec 10, 2021	-6.19% Nov 14, 2007 - Jan 15, 2008
#14	-4.22% Dec 10, 2021 - Dec 23, 2021	-6.19% Nov 3, 1999 - Apr 10, 2000
#15	-3.84% Nov 8, 2024 - Nov 26, 2024	-6.15% Nov 2, 2001 - Feb 11, 2002

Correlation

Correlation between SPYC and MGF is 0.32 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.32

-101

Dividend Comparison (2000 - 2026)

SPYC vs MGF dividend yield comparison.

Year	SPYC	MGF
2026	0.22%	3.34%
2025	0.89%	7.65%
2024	1.02%	7.80%
2023	1.76%	7.82%
2022	1.34%	8.44%
2021	1.01%	7.71%
2020	0.40%	7.58%
2019	0.00%	7.50%
2018	0.00%	7.81%
2017	0.00%	7.92%
2016	0.00%	8.10%
2015	0.00%	8.05%
2014	0.00%	7.85%
2013	0.00%	8.24%
2012	0.00%	7.37%
2011	0.00%	7.33%
2010	0.00%	7.69%
2009	0.00%	6.96%
2008	0.00%	6.57%
2007	0.00%	5.92%
2006	0.00%	5.43%
2005	0.00%	5.00%
2004	0.00%	4.86%
2003	0.00%	5.25%
2002	0.00%	6.10%
2001	0.00%	6.50%
2000	0.00%	3.05%