SPBC vs. BITO
Compare and contrast key facts about Simplify US Equity PLUS GBTC ETF (SPBC) and ProShares Bitcoin Strategy ETF (BITO).
SPBC and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPBC is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 24, 2021. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPBC or BITO.
Correlation
The correlation between SPBC and BITO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPBC vs. BITO - Performance Comparison
Key characteristics
SPBC:
2.08
BITO:
1.64
SPBC:
2.72
BITO:
2.30
SPBC:
1.37
BITO:
1.27
SPBC:
3.30
BITO:
2.00
SPBC:
12.66
BITO:
7.02
SPBC:
2.66%
BITO:
13.45%
SPBC:
16.18%
BITO:
57.39%
SPBC:
-33.81%
BITO:
-77.86%
SPBC:
-5.27%
BITO:
-10.48%
Returns By Period
In the year-to-date period, SPBC achieves a -0.19% return, which is significantly lower than BITO's 2.90% return.
SPBC
-0.19%
-4.71%
7.50%
34.31%
N/A
N/A
BITO
2.90%
-5.92%
42.95%
106.20%
N/A
N/A
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SPBC vs. BITO - Expense Ratio Comparison
SPBC has a 0.50% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
SPBC vs. BITO — Risk-Adjusted Performance Rank
SPBC
BITO
SPBC vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and ProShares Bitcoin Strategy ETF (BITO). 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.
Dividends
SPBC vs. BITO - Dividend Comparison
SPBC's dividend yield for the trailing twelve months is around 0.99%, less than BITO's 59.85% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
SPBC Simplify US Equity PLUS GBTC ETF | 0.99% | 0.98% | 3.79% | 0.60% | 1.69% |
BITO ProShares Bitcoin Strategy ETF | 59.85% | 61.58% | 15.14% | 0.00% | 0.00% |
Drawdowns
SPBC vs. BITO - Drawdown Comparison
The maximum SPBC drawdown since its inception was -33.81%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for SPBC and BITO. For additional features, visit the drawdowns tool.
Volatility
SPBC vs. BITO - Volatility Comparison
The current volatility for Simplify US Equity PLUS GBTC ETF (SPBC) is 5.68%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 15.82%. This indicates that SPBC experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.