SPBC vs. ^GSPC

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify US Equity PLUS GBTC ETF (SPBC) and S&P 500 Index (^GSPC).

SPBC is an actively managed fund by Simplify. It was launched on May 24, 2021.

Performance

SPBC vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity PLUS GBTC ETF (SPBC) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

SPBC vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPBC Simplify US Equity PLUS GBTC ETF	-6.79%	16.83%	37.32%	48.04%	-28.00%	14.87%
^GSPC S&P 500 Index	-4.63%	16.39%	23.31%	24.23%	-19.44%	13.80%

Returns By Period

In the year-to-date period, SPBC achieves a -6.79% return, which is significantly lower than ^GSPC's -4.63% return.

SPBC

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

^GSPC

• 1D: 2.91%
• 1M: -5.09%
• YTD: -4.63%
• 6M: -2.39%
• 1Y: 16.33%
• 3Y*: 16.69%
• 5Y*: 10.18%
• 10Y*: 12.16%

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

Return for Risk

SPBC vs. ^GSPC — Risk / Return Rank

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

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

^GSPC

^GSPC Risk / Return Rank: 74
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 68
^GSPC Omega Ratio Rank: 76
^GSPC Calmar Ratio Rank: 73
^GSPC Martin Ratio Rank: 85

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.

SPBC vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and S&P 500 Index (^GSPC). 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.

	SPBC	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.77	0.90	-0.12
Sortino ratio Return per unit of downside risk	1.24	1.39	-0.15
Omega ratio Gain probability vs. loss probability	1.17	1.21	-0.04
Calmar ratio Return relative to maximum drawdown	1.20	1.40	-0.19
Martin ratio Return relative to average drawdown	4.37	6.61	-2.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPBC vs. ^GSPC - Sharpe Ratio Comparison

The current SPBC Sharpe Ratio is 0.77, which is comparable to the ^GSPC Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of SPBC and ^GSPC, 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

	SPBC	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	0.90	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.46	+0.19

Correlation

The correlation between SPBC and ^GSPC is 0.91, 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.

Drawdowns

SPBC vs. ^GSPC - Drawdown Comparison

The maximum SPBC drawdown since its inception was -33.99%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SPBC and ^GSPC.

Drawdown Indicators

	SPBC	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-56.78%	+22.79%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-12.14%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-9.50%	-6.45%	-3.05%
Average Drawdown Average peak-to-trough decline	-8.89%	-10.75%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	2.57%	+1.05%

Volatility

SPBC vs. ^GSPC - Volatility Comparison

Simplify US Equity PLUS GBTC ETF (SPBC) has a higher volatility of 6.14% compared to S&P 500 Index (^GSPC) at 5.34%. This indicates that SPBC's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPBC	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	5.34%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	11.68%	9.54%	+2.14%
Volatility (1Y) Calculated over the trailing 1-year period	20.28%	18.33%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	16.91%	+3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.59%	18.05%	+2.54%