Correlation
The correlation between SPBC and BITQ is 0.60, 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.
SPBC vs. BITQ
Compare and contrast key facts about Simplify US Equity PLUS GBTC ETF (SPBC) and Bitwise Crypto Industry Innovators ETF (BITQ).
SPBC and BITQ 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. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPBC or BITQ.
Performance
SPBC vs. BITQ - Performance Comparison
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Key characteristics
SPBC:
0.86
BITQ:
0.51
SPBC:
1.25
BITQ:
1.12
SPBC:
1.17
BITQ:
1.13
SPBC:
0.84
BITQ:
0.45
SPBC:
3.13
BITQ:
1.29
SPBC:
5.63%
BITQ:
23.37%
SPBC:
22.35%
BITQ:
66.96%
SPBC:
-33.81%
BITQ:
-90.32%
SPBC:
-2.83%
BITQ:
-50.40%
Returns By Period
In the year-to-date period, SPBC achieves a 2.38% return, which is significantly higher than BITQ's -4.80% return.
SPBC
2.38%
6.54%
-1.01%
17.93%
21.77%
N/A
N/A
BITQ
-4.80%
12.84%
-22.81%
35.82%
23.10%
N/A
N/A
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SPBC vs. BITQ - Expense Ratio Comparison
SPBC has a 0.50% expense ratio, which is lower than BITQ's 0.85% expense ratio.
Risk-Adjusted Performance
SPBC vs. BITQ — Risk-Adjusted Performance Rank
SPBC
BITQ
SPBC vs. BITQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.
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Dividends
SPBC vs. BITQ - Dividend Comparison
SPBC's dividend yield for the trailing twelve months is around 0.91%, less than BITQ's 0.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
SPBC Simplify US Equity PLUS GBTC ETF | 0.91% | 0.98% | 3.79% | 0.60% | 1.69% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.95% | 0.90% | 1.51% | 0.00% | 3.12% |
Drawdowns
SPBC vs. BITQ - Drawdown Comparison
The maximum SPBC drawdown since its inception was -33.81%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for SPBC and BITQ.
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Volatility
SPBC vs. BITQ - Volatility Comparison
The current volatility for Simplify US Equity PLUS GBTC ETF (SPBC) is 4.78%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 14.89%. This indicates that SPBC experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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