SPBC vs. IBIT
Compare and contrast key facts about Simplify US Equity PLUS GBTC ETF (SPBC) and iShares Bitcoin Trust (IBIT).
SPBC and IBIT 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPBC or IBIT.
Correlation
The correlation between SPBC and IBIT 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. IBIT - Performance Comparison
Key characteristics
SPBC:
2.72
IBIT:
2.49
SPBC:
1.37
IBIT:
1.29
SPBC:
2.66%
IBIT:
12.01%
SPBC:
16.18%
IBIT:
56.83%
SPBC:
-33.81%
IBIT:
-27.51%
SPBC:
-5.27%
IBIT:
-9.72%
Returns By Period
In the year-to-date period, SPBC achieves a -0.19% return, which is significantly lower than IBIT's 3.36% return.
SPBC
-0.19%
-4.71%
7.50%
34.31%
N/A
N/A
IBIT
3.36%
-5.32%
47.51%
119.58%
N/A
N/A
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SPBC vs. IBIT - Expense Ratio Comparison
SPBC has a 0.50% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
SPBC vs. IBIT — Risk-Adjusted Performance Rank
SPBC
IBIT
SPBC vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and iShares Bitcoin Trust (IBIT). 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.
Not enough dataDividends
SPBC vs. IBIT - Dividend Comparison
SPBC's dividend yield for the trailing twelve months is around 0.99%, while IBIT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
SPBC Simplify US Equity PLUS GBTC ETF | 0.99% | 0.98% | 3.79% | 0.60% | 1.69% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPBC vs. IBIT - Drawdown Comparison
The maximum SPBC drawdown since its inception was -33.81%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for SPBC and IBIT. For additional features, visit the drawdowns tool.
Volatility
SPBC vs. IBIT - Volatility Comparison
The current volatility for Simplify US Equity PLUS GBTC ETF (SPBC) is 5.68%, while iShares Bitcoin Trust (IBIT) has a volatility of 15.52%. This indicates that SPBC experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.