- Issuer
- Simplify
- Inception Date
- May 24, 2021
- Region
- North America (U.S.)
- Category
- Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Assets Under Management
- $43M
Share Price Chart
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Performance
SPBC Performance Chart
Simplify US Equity PLUS GBTC ETF (SPBC) is up 6.5% since the beginning of the year. SPBC is currently trading at $48 per share. Investors who bought $1,000 worth of SPBC shares 5 years ago would now be looking at an investment worth $2,084.
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Returns By Period
Simplify US Equity PLUS GBTC ETF (SPBC) has returned 6.48% so far this year and 20.57% over the past 12 months.
Simplify US Equity PLUS GBTC ETF
- 1D
- -0.27%
- 1M
- -1.35%
- YTD
- 6.48%
- 6M
- 6.03%
- 1Y
- 20.57%
- 3Y*
- 26.07%
- 5Y*
- 15.82%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPBC Monthly Returns History
Based on dividend-adjusted daily data since May 25, 2021, SPBC's average daily return is +0.07%, while the average monthly return is +1.35%. At this rate, an investment would double in approximately 4.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +11.7%, while the worst month was Jun 2022 at -12.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPBC closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.0%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.83% | -3.00% | -4.69% | 11.74% | 4.73% | -2.38% | 6.48% | ||||||
| 2025 | 3.83% | -3.45% | -6.02% | 0.63% | 7.99% | 5.28% | 2.95% | 0.98% | 4.34% | 1.84% | -1.63% | -0.25% | 16.83% |
| 2024 | 3.18% | 10.18% | 4.96% | -6.21% | 6.53% | 2.46% | 1.83% | 1.02% | 2.60% | 0.08% | 10.09% | -3.31% | 37.32% |
| 2023 | 11.19% | -2.89% | 9.05% | 1.37% | -1.03% | 9.73% | 2.31% | -1.08% | -4.86% | 1.59% | 10.23% | 5.92% | 48.04% |
| 2022 | -7.69% | -1.89% | 3.88% | -9.96% | -2.04% | -12.07% | 11.04% | -5.27% | -10.65% | 9.02% | 2.91% | -6.42% | -28.00% |
| 2021 | -0.78% | 2.22% | 3.96% | 3.81% | -5.78% | 11.30% | -1.08% | 0.28% | 13.87% |
Benchmark Metrics
Simplify US Equity PLUS GBTC ETF has an annualized alpha of 1.96%, beta of 1.13, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since May 25, 2021.
- This ETF captured 124.92% of S&P 500 Index gains and 111.09% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.13 and R2 of 0.88, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.96%
- Beta
- 1.13
- R²
- 0.88
- Upside Capture
- 124.92%
- Downside Capture
- 111.09%
Expense Ratio
SPBC has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPBC ranks 38 for risk / return — below 38% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPBC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.78 | -1.10 |
| Martin ratioReturn relative to average drawdown | 6.01 | 12.44 | -6.43 |
Dividends
Dividend History
Simplify US Equity PLUS GBTC ETF provided a 0.84% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.38 | $0.38 | $1.08 | $0.12 | $0.40 |
Dividend yield | 0.84% | 0.85% | 0.98% | 3.79% | 0.60% | 1.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify US Equity PLUS GBTC ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.38 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.38 |
| 2023 | $0.00 | $0.00 | $0.88 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $1.08 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
| 2021 | $0.04 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.34 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify US Equity PLUS GBTC ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Simplify US Equity PLUS GBTC ETF was 33.99%, occurring on Oct 14, 2022. Recovery took 289 trading sessions.
The current Simplify US Equity PLUS GBTC ETF drawdown is 2.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -33.99%Oct 2022 | 11mo 8d | 1y 1mo | 2y 28dNov 2021 - Dec 2023 |
2025 selloff2025 | -21.00%Apr 2025 | 3mo 22d | 2mo 17d | 6mo 9dDec 2024 - Jun 2025 |
2026 correction2026 | -12.24%Mar 2026 | 5mo 2d | 18d | 5mo 20dOct 2025 - Apr 2026 |
2024 correction2024 | -10.19%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
2024 pullback2024 | -7.10%May 2024 | 1mo | 19d | 1mo 19dApr 2024 - May 2024 |
Drawdown Indicators
| SPBC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -56.78% | +22.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -9.10% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -21.00% | -18.90% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -33.99% | -25.43% | -8.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.40% | -1.80% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -10.71% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 2.03% | +1.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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