EAOA vs. SPBC

Last updated Apr 1, 2026

Compare and contrast key facts about iShares ESG Aware Aggressive Allocation ETF (EAOA) and Simplify US Equity PLUS GBTC ETF (SPBC).

EAOA and SPBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EAOA is a passively managed fund by iShares that tracks the performance of the BlackRock ESG Aware Aggressive Allocation Index. It was launched on Jun 12, 2020. SPBC is an actively managed fund by Simplify. It was launched on May 24, 2021.

Performance

EAOA vs. SPBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Aware Aggressive Allocation ETF (EAOA) and Simplify US Equity PLUS GBTC ETF (SPBC). The values are adjusted to include any dividend payments, if applicable.

EAOA vs. SPBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EAOA iShares ESG Aware Aggressive Allocation ETF	-2.04%	18.41%	13.79%	18.27%	-17.76%	5.87%
SPBC Simplify US Equity PLUS GBTC ETF	-6.79%	16.83%	37.32%	48.04%	-28.00%	14.87%

Returns By Period

In the year-to-date period, EAOA achieves a -2.04% return, which is significantly higher than SPBC's -6.79% return.

EAOA

• 1D: 2.46%
• 1M: -5.32%
• YTD: -2.04%
• 6M: 0.54%
• 1Y: 17.09%
• 3Y*: 13.62%
• 5Y*: 6.98%
• 10Y*: —

SPBC

• 1D: 3.13%
• 1M: -4.69%
• YTD: -6.79%
• 6M: -6.85%
• 1Y: 15.60%
• 3Y*: 23.43%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EAOA vs. SPBC - Expense Ratio Comparison

EAOA has a 0.18% expense ratio, which is lower than SPBC's 0.50% expense ratio.

SPBC

Simplify US Equity PLUS GBTC ETF

EAOA

iShares ESG Aware Aggressive Allocation ETF

Return for Risk

EAOA vs. SPBC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EAOA

EAOA Risk / Return Rank: 72
EAOA Sharpe Ratio Rank: 70
EAOA Sortino Ratio Rank: 72
EAOA Omega Ratio Rank: 71
EAOA Calmar Ratio Rank: 70
EAOA Martin Ratio Rank: 76

SPBC

SPBC Risk / Return Rank: 47
SPBC Sharpe Ratio Rank: 44
SPBC Sortino Ratio Rank: 47
SPBC Omega Ratio Rank: 46
SPBC Calmar Ratio Rank: 50
SPBC Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EAOA vs. SPBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Aggressive Allocation ETF (EAOA) and Simplify US Equity PLUS GBTC ETF (SPBC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EAOA	SPBC	Difference
Sharpe ratio Return per unit of total volatility	1.22	0.77	+0.45
Sortino ratio Return per unit of downside risk	1.78	1.24	+0.55
Omega ratio Gain probability vs. loss probability	1.26	1.17	+0.09
Calmar ratio Return relative to maximum drawdown	1.74	1.20	+0.53
Martin ratio Return relative to average drawdown	7.95	4.37	+3.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EAOA vs. SPBC - Sharpe Ratio Comparison

The current EAOA Sharpe Ratio is 1.22, which is higher than the SPBC Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of EAOA and SPBC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EAOA	SPBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	0.77	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.65	+0.14

Correlation

The correlation between EAOA and SPBC is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EAOA vs. SPBC - Dividend Comparison

EAOA's dividend yield for the trailing twelve months is around 2.14%, more than SPBC's 0.96% yield.

	TTM	2025	2024	2023	2022	2021	2020
EAOA iShares ESG Aware Aggressive Allocation ETF	2.14%	2.10%	2.09%	2.21%	1.93%	1.48%	1.12%
SPBC Simplify US Equity PLUS GBTC ETF	0.96%	0.85%	0.98%	3.79%	0.60%	1.41%	0.00%

Drawdowns

EAOA vs. SPBC - Drawdown Comparison

The maximum EAOA drawdown since its inception was -25.06%, smaller than the maximum SPBC drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EAOA and SPBC.

Drawdown Indicators

	EAOA	SPBC	Difference
Max Drawdown Largest peak-to-trough decline	-25.06%	-33.99%	+8.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	-13.16%	+3.18%
Max Drawdown (5Y) Largest decline over 5 years	-25.06%	—	—
Current Drawdown Current decline from peak	-5.91%	-9.50%	+3.59%
Average Drawdown Average peak-to-trough decline	-5.44%	-8.89%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	3.62%	-1.44%

Volatility

EAOA vs. SPBC - Volatility Comparison

The current volatility for iShares ESG Aware Aggressive Allocation ETF (EAOA) is 5.33%, while Simplify US Equity PLUS GBTC ETF (SPBC) has a volatility of 6.14%. This indicates that EAOA experiences smaller price fluctuations and is considered to be less risky than SPBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EAOA	SPBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	6.14%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	11.68%	-3.28%
Volatility (1Y) Calculated over the trailing 1-year period	14.08%	20.28%	-6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.19%	20.59%	-7.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.17%	20.59%	-7.42%