SPBC vs. EAOK

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify US Equity PLUS GBTC ETF (SPBC) and iShares ESG Aware Conservative Allocation ETF (EAOK).

SPBC and EAOK 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. It was launched on May 24, 2021. EAOK is a passively managed fund by iShares that tracks the performance of the BlackRock ESG Aware Conservative Allocation Index. It was launched on Jun 12, 2020.

Performance

SPBC vs. EAOK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity PLUS GBTC ETF (SPBC) and iShares ESG Aware Conservative Allocation ETF (EAOK). The values are adjusted to include any dividend payments, if applicable.

SPBC vs. EAOK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPBC Simplify US Equity PLUS GBTC ETF	-6.79%	16.83%	37.32%	48.04%	-28.00%	14.87%
EAOK iShares ESG Aware Conservative Allocation ETF	-0.71%	11.47%	5.81%	10.13%	-14.92%	2.52%

Returns By Period

In the year-to-date period, SPBC achieves a -6.79% return, which is significantly lower than EAOK's -0.71% return.

SPBC

• 1D: 3.13%
• 1M: -4.69%
• YTD: -6.79%
• 6M: -6.85%
• 1Y: 15.60%
• 3Y*: 23.43%
• 5Y*: —
• 10Y*: —

EAOK

• 1D: 1.12%
• 1M: -3.10%
• YTD: -0.71%
• 6M: 0.92%
• 1Y: 9.27%
• 3Y*: 7.29%
• 5Y*: 2.73%
• 10Y*: —

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

SPBC vs. EAOK - Expense Ratio Comparison

SPBC has a 0.50% expense ratio, which is higher than EAOK's 0.18% expense ratio.

SPBC

Simplify US Equity PLUS GBTC ETF

EAOK

iShares ESG Aware Conservative Allocation ETF

Return for Risk

SPBC vs. EAOK — Risk / Return Rank

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

SPBC

SPBC Risk / Return Rank: 47
SPBC Sharpe Ratio Rank: 44
SPBC Sortino Ratio Rank: 47
SPBC Omega Ratio Rank: 46
SPBC Calmar Ratio Rank: 50
SPBC Martin Ratio Rank: 48

EAOK

EAOK Risk / Return Rank: 78
EAOK Sharpe Ratio Rank: 77
EAOK Sortino Ratio Rank: 80
EAOK Omega Ratio Rank: 77
EAOK Calmar Ratio Rank: 78
EAOK Martin Ratio Rank: 78

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. EAOK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and iShares ESG Aware Conservative Allocation ETF (EAOK). 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	EAOK	Difference
Sharpe ratio Return per unit of total volatility	0.77	1.43	-0.66
Sortino ratio Return per unit of downside risk	1.24	2.07	-0.84
Omega ratio Gain probability vs. loss probability	1.17	1.29	-0.12
Calmar ratio Return relative to maximum drawdown	1.20	2.09	-0.89
Martin ratio Return relative to average drawdown	4.37	8.37	-4.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPBC vs. EAOK - Sharpe Ratio Comparison

The current SPBC Sharpe Ratio is 0.77, which is lower than the EAOK Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of SPBC and EAOK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPBC	EAOK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.43	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.55	+0.10

Correlation

The correlation between SPBC and EAOK is 0.68, 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.

Dividends

SPBC vs. EAOK - Dividend Comparison

SPBC's dividend yield for the trailing twelve months is around 0.96%, less than EAOK's 3.24% yield.

	TTM	2025	2024	2023	2022	2021	2020
SPBC Simplify US Equity PLUS GBTC ETF	0.96%	0.85%	0.98%	3.79%	0.60%	1.41%	0.00%
EAOK iShares ESG Aware Conservative Allocation ETF	3.24%	3.18%	3.15%	2.80%	2.27%	1.19%	1.00%

Drawdowns

SPBC vs. EAOK - Drawdown Comparison

The maximum SPBC drawdown since its inception was -33.99%, which is greater than EAOK's maximum drawdown of -19.91%. Use the drawdown chart below to compare losses from any high point for SPBC and EAOK.

Drawdown Indicators

	SPBC	EAOK	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-19.91%	-14.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-4.49%	-8.67%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.91%	—
Current Drawdown Current decline from peak	-9.50%	-3.10%	-6.40%
Average Drawdown Average peak-to-trough decline	-8.89%	-5.15%	-3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	1.12%	+2.50%

Volatility

SPBC vs. EAOK - Volatility Comparison

Simplify US Equity PLUS GBTC ETF (SPBC) has a higher volatility of 6.14% compared to iShares ESG Aware Conservative Allocation ETF (EAOK) at 2.87%. This indicates that SPBC's price experiences larger fluctuations and is considered to be riskier than EAOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPBC	EAOK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	2.87%	+3.27%
Volatility (6M) Calculated over the trailing 6-month period	11.68%	4.01%	+7.67%
Volatility (1Y) Calculated over the trailing 1-year period	20.28%	6.50%	+13.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	6.99%	+13.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.59%	6.83%	+13.76%