SPBC vs. EAOR

Last updated Jun 4, 2026

SPBC (Simplify US Equity PLUS GBTC ETF) and EAOR (iShares ESG Aware Growth Allocation ETF) are both Diversified Portfolio funds. SPBC is actively managed, while EAOR is passively managed. Over the past 5 years, SPBC returned 15.96%/yr vs 6.41%/yr for EAOR. Their correlation of 0.86 suggests significant overlap in exposure. SPBC charges 0.50%/yr vs 0.18%/yr for EAOR.

Performance

SPBC vs. EAOR - 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 Growth Allocation ETF (EAOR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SPBC having a 7.71% return and EAOR slightly lower at 7.50%.

SPBC

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

EAOR

• 1D: -0.65%
• 1M: 3.41%
• YTD: 7.50%
• 6M: 7.84%
• 1Y: 19.56%
• 3Y*: 13.83%
• 5Y*: 6.41%
• 10Y*: —

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

SPBC vs. EAOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPBC Simplify US Equity PLUS GBTC ETF	7.71%	16.83%	37.32%	48.04%	-28.00%	14.87%
EAOR iShares ESG Aware Growth Allocation ETF	7.50%	15.59%	10.69%	14.96%	-16.66%	4.57%

Correlation

The correlation between SPBC and EAOR is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.86

The correlation between SPBC and EAOR has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

SPBC vs. EAOR - Sectors Allocation Comparison

Sectors	SPBC	EAOR
Technology	35.6%	22.3%
Financial Services	11.8%	10.3%
Communication Services	11.2%	5.6%
Consumer Cyclical	10.1%	5.8%
Healthcare	8.5%	5.2%
Industrials	8.3%	6.8%
Consumer Defensive	4.9%	2.8%
Energy	3.5%	2.3%
Utilities	2.4%	1.7%
Real Estate	1.9%	1.2%
Basic Materials	1.8%	1.8%

Return for Risk

SPBC vs. EAOR — 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

EAOR

EAOR Risk / Return Rank: 69
EAOR Sharpe Ratio Rank: 69
EAOR Sortino Ratio Rank: 72
EAOR Omega Ratio Rank: 71
EAOR Calmar Ratio Rank: 60
EAOR Martin Ratio Rank: 70

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. EAOR - 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 Growth Allocation ETF (EAOR). 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	EAOR	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.30	-0.81
Sortino ratio: Return per unit of downside risk	2.08	3.30	-1.22
Omega ratio: Gain probability vs. loss probability	1.26	1.43	-0.16
Calmar ratio: Return relative to maximum drawdown	1.76	2.97	-1.21
Martin ratio: Return relative to average drawdown	6.38	13.04	-6.66
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. EAOR - Sharpe Ratio Comparison

The current SPBC Sharpe Ratio is 1.49, which is lower than the EAOR Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of SPBC and EAOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPBC	EAOR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	2.30	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.61	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.87	-0.08

Drawdowns

SPBC vs. EAOR - Drawdown Comparison

The maximum SPBC drawdown since its inception was -33.99%, which is greater than EAOR's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for SPBC and EAOR.

Drawdown Indicators

	SPBC	EAOR	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-22.91%	-11.08%
Max Drawdown (1Y) Largest decline over 1 year	-12.24%	-6.62%	-5.62%
Max Drawdown (3Y) Largest decline over 3 years	-21.00%	-10.28%	-10.72%
Max Drawdown (5Y) Largest decline over 5 years	-33.99%	-22.91%	-11.08%
Current Drawdown Current decline from peak	-1.28%	-0.65%	-0.63%
Average Drawdown Average peak-to-trough decline	-8.64%	-5.05%	-3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	1.50%	+1.87%

Volatility

SPBC vs. EAOR - Volatility Comparison

Simplify US Equity PLUS GBTC ETF (SPBC) has a higher volatility of 3.38% compared to iShares ESG Aware Growth Allocation ETF (EAOR) at 2.79%. This indicates that SPBC's price experiences larger fluctuations and is considered to be riskier than EAOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPBC	EAOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	2.79%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	10.92%	6.90%	+4.02%
Volatility (1Y) Calculated over the trailing 1-year period	14.49%	8.55%	+5.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	10.52%	+9.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.39%	10.39%	+10.00%

SPBC vs. EAOR - Expense Ratio Comparison

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

Dividends

SPBC vs. EAOR - Dividend Comparison

SPBC's dividend yield for the trailing twelve months is around 0.83%, less than EAOR's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EAOR iShares ESG Aware Growth Allocation ETF	2.34%	2.45%	2.52%	2.39%	1.99%	1.39%	1.07%
SPBC Simplify US Equity PLUS GBTC ETF	0.83%	0.85%	0.98%	3.79%	0.60%	1.41%	0.00%

Frequently Asked Questions

Can I hold both SPBC and EAOR in my portfolio?

With a correlation of 0.91, SPBC and EAOR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SPBC or EAOR?

SPBC has higher volatility (3.38%) compared to EAOR (2.79%). In terms of maximum drawdown, SPBC dropped -33.99% vs EAOR's -22.91%.

Which ETF is better, SPBC or EAOR?

On 5-year performance, SPBC leads with 15.96% vs 6.41% for EAOR. On fees, EAOR is cheaper at 0.18% per year. On volatility, EAOR has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPBC or EAOR?

Over the 5-year period, SPBC has performed better with a 15.96% return vs 6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPBC or EAOR?

EAOR is cheaper with a 0.18% expense ratio, compared with 0.50% for SPBC.

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

EAOR has the higher dividend yield at 2.34%, compared with 0.83% for SPBC.

What is the main difference between SPBC and EAOR?

They also come from different issuers: Simplify and iShares. Their fees differ too: 0.50% for SPBC and 0.18% for EAOR.

Which has better risk-adjusted returns?

EAOR currently has the higher Sharpe Ratio (2.30 vs 1.49), 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.