SPBC vs. BTC-USD
SPBC (Simplify US Equity PLUS GBTC ETF) is Diversified Portfolio fund actively managed by Simplify, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, SPBC returned 15.71%/yr vs 15.25%/yr for BTC-USD. At a 0.48 correlation, their price movements are largely independent.
Performance
SPBC vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPBC achieves a 7.70% return, which is significantly higher than BTC-USD's -25.95% return.
SPBC
- 1D
- 0.89%
- 1M
- 1.99%
- 6M
- 5.18%
- YTD
- 7.70%
- 1Y
- 14.24%
- 3Y*
- 24.84%
- 5Y*
- 15.71%
- 10Y*
- —
BTC-USD
- 1D
- 4.06%
- 1M
- -1.40%
- 6M
- -32.07%
- YTD
- -25.95%
- 1Y
- -45.95%
- 3Y*
- 28.83%
- 5Y*
- 15.25%
- 10Y*
- 58.05%
SPBC vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPBC Simplify US Equity PLUS GBTC ETF | 7.70% | 16.83% | 37.32% | 48.04% | -28.00% | 13.87% |
BTC-USD Bitcoin | -25.95% | -6.27% | 120.76% | 155.82% | -64.23% | 18.86% |
Correlation
The correlation between SPBC and BTC-USD is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.48 |
The correlation between SPBC and BTC-USD has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPBC vs. BTC-USD — Risk / Return Rank
SPBC
BTC-USD
SPBC vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.84 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.87 | +2.03 |
| Martin ratioReturn relative to average drawdown | 4.07 | -1.40 | +5.47 |
Loading charts...
Drawdowns
SPBC vs. BTC-USD - Drawdown Comparison
The maximum SPBC drawdown since its inception was -33.99%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SPBC and BTC-USD.
Loading charts...
Drawdown Indicators
| SPBC | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -85.30% | +51.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -53.08% | +40.84% |
Max Drawdown (3Y)Largest decline over 3 years | -21.00% | -53.08% | +32.08% |
Max Drawdown (5Y)Largest decline over 5 years | -33.99% | -76.67% | +42.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -1.29% | -48.05% | +46.76% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -42.56% | +34.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 29.09% | -25.58% |
Volatility
SPBC vs. BTC-USD - Volatility Comparison
The current volatility for Simplify US Equity PLUS GBTC ETF (SPBC) is 4.21%, while Bitcoin (BTC-USD) has a volatility of 9.63%. This indicates that SPBC experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPBC | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 9.63% | -5.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 34.91% | -23.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.01% | 35.72% | -20.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.52% | 43.97% | -23.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.32% | 56.33% | -36.01% |
Frequently Asked Questions
SPBC and BTC-USD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.63%) compared to SPBC (4.21%). In terms of maximum drawdown, SPBC dropped -33.99% vs BTC-USD's -85.30%.
SPBC currently has the higher Sharpe Ratio (0.95 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.
Find the right allocation for SPBC and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer