SPBC vs. ASET

Last updated Jun 4, 2026

SPBC (Simplify US Equity PLUS GBTC ETF) and ASET (FlexShares Real Assets Allocation Index Fund) are both Diversified Portfolio funds. SPBC is actively managed, while ASET is passively managed. SPBC charges 0.50%/yr vs 0.57%/yr for ASET.

Performance

SPBC vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity PLUS GBTC ETF (SPBC) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPBC

• 1D: -0.90%
• 1M: 3.04%
• YTD: 7.71%
• 6M: 7.18%
• 1Y: 21.45%
• 3Y*: 28.29%
• 5Y*: 15.96%
• 10Y*: —

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPBC vs. ASET - Yearly Performance Comparison

	2026 (YTD)
SPBC Simplify US Equity PLUS GBTC ETF	8.58%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

SPBC vs. ASET - Sectors Allocation Comparison

Sectors	SPBC	ASET
Technology	35.6%	0.2%
Financial Services	11.8%	-
Communication Services	11.2%	12.1%
Consumer Cyclical	10.1%	0.1%
Healthcare	8.5%	2.2%
Industrials	8.3%	16.3%
Consumer Defensive	4.9%	1.1%
Energy	3.5%	7.8%
Utilities	2.4%	12.8%
Real Estate	1.9%	41.6%
Basic Materials	1.8%	5.8%

Return for Risk

SPBC vs. ASET — Risk / Return Rank

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

SPBC

SPBC Risk / Return Rank: 40
SPBC Sharpe Ratio Rank: 42
SPBC Sortino Ratio Rank: 40
SPBC Omega Ratio Rank: 40
SPBC Calmar Ratio Rank: 35
SPBC Martin Ratio Rank: 40

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. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and FlexShares Real Assets Allocation Index Fund (ASET). 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	ASET	Difference
Sharpe ratio: Return per unit of total volatility	1.49	—	—
Sortino ratio: Return per unit of downside risk	2.08	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.76	—	—
Martin ratio: Return relative to average drawdown	6.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPBC	ASET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	—	—

Drawdowns

SPBC vs. ASET - Drawdown Comparison

The maximum SPBC drawdown since its inception was -33.99%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SPBC and ASET.

Drawdown Indicators

	SPBC	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	0.00%	-33.99%
Max Drawdown (1Y) Largest decline over 1 year	-12.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.99%	—	—
Current Drawdown Current decline from peak	-1.28%	0.00%	-1.28%
Average Drawdown Average peak-to-trough decline	-8.64%	0.00%	-8.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	—	—

Volatility

Volatility by Period

	SPBC	ASET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.49%	0.00%	+14.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	0.00%	+20.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.39%	0.00%	+20.39%

SPBC vs. ASET - Expense Ratio Comparison

SPBC has a 0.50% expense ratio, which is lower than ASET's 0.57% expense ratio.

Dividends

SPBC vs. ASET - Dividend Comparison

SPBC's dividend yield for the trailing twelve months is around 0.83%, while ASET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPBC Simplify US Equity PLUS GBTC ETF	0.83%	0.85%	0.98%	3.79%	0.60%	1.41%

Frequently Asked Questions

Which ETF is better, SPBC or ASET?

On fees, SPBC is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPBC or ASET?

SPBC is cheaper with a 0.50% expense ratio, compared with 0.57% for ASET.

Which ETF pays a higher dividend yield, SPBC or ASET?

SPBC has the higher dividend yield at 0.83%, compared with 0.00% for ASET.

What is the main difference between SPBC and ASET?

They also come from different issuers: Simplify and Northern Trust. Their fees differ too: 0.50% for SPBC and 0.57% for ASET.