SPBC vs. AOK
SPBC (Simplify US Equity PLUS GBTC ETF) and AOK (iShares Core 30/70 Conservative Allocation ETF) are both Diversified Portfolio funds. SPBC is actively managed, while AOK is passively managed. Over the past 5 years, SPBC returned 15.23%/yr vs 3.52%/yr for AOK. Their 0.70 correlation means they have sometimes moved together and sometimes differently. SPBC charges 0.50%/yr vs 0.15%/yr for AOK.
Performance
SPBC vs. AOK - Performance Comparison
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Returns By Period
In the year-to-date period, SPBC achieves a 10.32% return, which is significantly higher than AOK's 4.94% return.
SPBC
- 1D
- 1.87%
- 1M
- 3.91%
- 6M
- 10.70%
- YTD
- 10.32%
- 1Y
- 16.61%
- 3Y*
- 26.39%
- 5Y*
- 15.23%
- 10Y*
- —
- ALL TIME*
- 15.86%
AOK
- 1D
- 0.77%
- 1M
- 0.35%
- 6M
- 3.36%
- YTD
- 4.94%
- 1Y
- 9.37%
- 3Y*
- 9.23%
- 5Y*
- 3.52%
- 10Y*
- 4.98%
- ALL TIME*
- 5.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.51M | $5.92M | $7.57M | |
| $833.15K | $513.20K | $324.41K |
SPBC vs. AOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPBC Simplify US Equity PLUS GBTC ETF | 10.32% | 16.83% | 37.32% | 48.04% | -28.00% | 13.87% |
AOK iShares Core 30/70 Conservative Allocation ETF | 4.94% | 11.26% | 6.58% | 10.85% | -14.16% | 2.91% |
Correlation
The correlation between SPBC and AOK is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.70 |
The correlation between SPBC and AOK shifts across timeframes, from 0.70 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPBC vs. AOK — Risk / Return Rank
SPBC
AOK
SPBC vs. AOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and iShares Core 30/70 Conservative Allocation ETF (AOK). 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 | AOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.09 | -0.73 |
| Martin ratioReturn relative to average drawdown | 4.69 | 8.59 | -3.90 |
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Drawdowns
SPBC vs. AOK - Drawdown Comparison
The maximum SPBC drawdown since its inception was -33.99%, which is greater than AOK's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for SPBC and AOK.
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Drawdown Indicators
| SPBC | AOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -18.94% | -15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -4.50% | -7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -21.00% | -5.17% | -15.83% |
Max Drawdown (5Y)Largest decline over 5 years | -33.99% | -18.94% | -15.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.94% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -2.35% | -6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 1.09% | +2.46% |
Volatility
SPBC vs. AOK - Volatility Comparison
Simplify US Equity PLUS GBTC ETF (SPBC) has a higher volatility of 4.56% compared to iShares Core 30/70 Conservative Allocation ETF (AOK) at 1.86%. This indicates that SPBC's price experiences larger fluctuations and is considered to be riskier than AOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPBC | AOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 1.86% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 5.02% | +7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.35% | 6.04% | +9.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.51% | 7.18% | +13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 6.73% | +13.55% |
SPBC vs. AOK - Expense Ratio Comparison
SPBC has a 0.50% expense ratio, which is higher than AOK's 0.15% expense ratio.
Dividends
SPBC vs. AOK - Dividend Comparison
SPBC's dividend yield for the trailing twelve months is around 0.81%, less than AOK's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core 30/70 Conservative Allocation ETF | 3.36% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
SPBC Simplify US Equity PLUS GBTC ETF | 0.81% | 0.85% | 0.98% | 3.79% | 0.60% | 1.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPBC and AOK have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPBC has higher volatility (4.56%) compared to AOK (1.86%). In terms of maximum drawdown, SPBC dropped -33.99% vs AOK's -18.94%.
On 5-year performance, SPBC leads with 15.23% vs 3.52% for AOK. On fees, AOK is cheaper at 0.15% per year. On volatility, AOK has been the lower-risk option at 1.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPBC has performed better with a 15.23% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOK is cheaper with a 0.15% expense ratio, compared with 0.50% for SPBC.
AOK has the higher dividend yield at 3.36%, compared with 0.81% for SPBC.
They also come from different issuers: Simplify and iShares. Their fees differ too: 0.50% for SPBC and 0.15% for AOK.
AOK currently has the higher Sharpe Ratio (1.56 vs 1.09), 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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