SPBC vs. ^GSPC
SPBC (Simplify US Equity PLUS GBTC ETF) is Diversified Portfolio fund actively managed by Simplify, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, SPBC returned 14.97%/yr vs 11.54%/yr for ^GSPC. Their correlation of 0.91 means they have usually moved in the same direction.
Performance
SPBC vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, SPBC achieves a 8.29% return, which is significantly lower than ^GSPC's 11.03% return.
SPBC
- 1D
- 1.46%
- 1M
- 2.00%
- 6M
- 7.46%
- YTD
- 8.29%
- 1Y
- 16.31%
- 3Y*
- 25.61%
- 5Y*
- 14.97%
- 10Y*
- —
- ALL TIME*
- 15.45%
^GSPC
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $38.00T | $37.50T | $41.55T |
| $388.10K | $321.87K | $250.56K |
SPBC vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPBC Simplify US Equity PLUS GBTC ETF | 8.29% | 16.83% | 37.32% | 48.04% | -28.00% | 13.87% |
^GSPC S&P 500 Index | 11.03% | 16.39% | 23.31% | 24.23% | -19.44% | 13.56% |
Correlation
The correlation between SPBC and ^GSPC is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.91 |
The correlation between SPBC and ^GSPC has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
SPBC vs. ^GSPC — Risk / Return Rank
SPBC
^GSPC
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.
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 | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.41 | -1.07 |
| Martin ratioReturn relative to average drawdown | 4.60 | 10.22 | -5.62 |
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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.
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Drawdown Indicators
| SPBC | ^GSPC | 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 | -0.74% | -0.12% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -10.70% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 2.14% | +1.41% |
Volatility
SPBC vs. ^GSPC - Volatility Comparison
Simplify US Equity PLUS GBTC ETF (SPBC) has a higher volatility of 4.33% compared to S&P 500 Index (^GSPC) at 3.80%. 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.
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Volatility by Period
| SPBC | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 3.80% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 10.20% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 12.86% | +2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.50% | 17.02% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 18.08% | +2.19% |
Frequently Asked Questions
With a correlation of 0.96, SPBC and ^GSPC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SPBC has higher volatility (4.33%) compared to ^GSPC (3.80%). In terms of maximum drawdown, SPBC dropped -33.99% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.71 vs 1.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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