SPYC vs MSFL
Comparison between SIMPLIFY US EQUITY PLUS CONVEXITY ETF (SPYC, ETF) and GRANITESHARES 2X LONG MSFT DAILY ETF (MSFL, ETF).
SPYC vs MSFL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SPYC
$112M
MSFL
$111M
Expense Ratio
SPYC
0.53%
MSFL
N/A
Max Drawdown
Winner
SPYC
29.33%
MSFL
62.08%
Sharpe Ratio
Winner
SPYC
0.58
MSFL
-0.11
5Y Beta
Winner
SPYC
1.27
MSFL
1.85
5Y Dividends CAGR
SPYC
35.89%
MSFL
N/A
SPYC vs MSFL - Historical Returns
Returns include dividend reinvestment.
1M
SPYC
+4.88%
Winner
MSFL
+60.79%
3M
SPYC
+2.26%
Winner
MSFL
+30.29%
6M
SPYC
+9.79%
Winner
MSFL
+35.60%
1Y
Winner
SPYC
+13.63%
MSFL
-19.76%
5Y(CAGR)
SPYC
+8.82%
MSFL
N/A
Max(CAGR)
Winner
SPYC
+12.43%
MSFL
-1.69%
SPYC vs MSFL - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | SPYC | MSFL |
|---|---|---|
| 2026 | +9.53% | -5.62% |
| 2025 | +16.03% | +18.42% |
| 2024 | +23.46% | -9.07% |
| 2023 | +24.21% | N/A |
| 2022 | -25.63% | N/A |
| 2021 | +31.23% | N/A |
| 2020 | +9.10% | N/A |
SPYC vs MSFL Drawdown Comparison
The maximum drawdown for SPYC was -28.51%, occurring on Oct 14, 2022. Recovery took 547 trading sessions.
The maximum drawdown for MSFL was -62.08%, occurring on Jun 25, 2026. This drawdown has not yet recovered.
The current SPYC drawdown is -3.56%. The current MSFL drawdown is -29.72%.
| Rank | SPYC | MSFL |
|---|---|---|
| #1 | -28.51% Dec 27, 2021 - Mar 1, 2024 | -62.08% Oct 29, 2025 - Jun 25, 2026 |
| #2 | -22.81% Dec 4, 2024 - May 16, 2025 | -47.70% Jul 5, 2024 - Jul 9, 2025 |
| #3 | -13.47% Oct 28, 2025 - May 6, 2026 | -19.16% Mar 21, 2024 - Jun 12, 2024 |
| #4 | -11.39% Jul 16, 2024 - Nov 6, 2024 | -15.03% Aug 4, 2025 - Oct 28, 2025 |
| #5 | -7.96% Oct 12, 2020 - Nov 9, 2020 | -3.53% Jul 31, 2025 - Aug 4, 2025 |
| #6 | -7.24% Mar 28, 2024 - May 15, 2024 | -3.07% Jul 17, 2025 - Jul 25, 2025 |
| #7 | -6.09% Sep 3, 2021 - Oct 25, 2021 | -2.37% Jun 27, 2024 - Jul 1, 2024 |
| #8 | -5.73% Jul 3, 2025 - Sep 11, 2025 | -1.47% Jun 17, 2024 - Jun 21, 2024 |
| #9 | -5.71% Sep 4, 2020 - Oct 7, 2020 | -1.24% Jun 21, 2024 - Jun 25, 2024 |
| #10 | -5.09% Feb 17, 2021 - Mar 15, 2021 | -0.84% Jul 9, 2025 - Jul 15, 2025 |
| #11 | -5.04% Jun 15, 2026 - Aug 4, 2026 | -0.53% Jul 25, 2025 - Jul 30, 2025 |
| #12 | -4.91% Apr 27, 2021 - Jun 28, 2021 | -0.33% Jun 12, 2024 - Jun 14, 2024 |
| #13 | -4.52% Jun 1, 2026 - Jun 15, 2026 | -0.06% Jul 15, 2025 - Jul 17, 2025 |
| #14 | -4.46% May 19, 2025 - Jun 26, 2025 | N/A |
| #15 | -4.25% Nov 18, 2021 - Dec 10, 2021 | N/A |
Correlation
Correlation between SPYC and MSFL is 0.07 which considered as a very weak or no correlation - the stocks move independently of each other.
0.07
-101
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