SPBC vs. IVV
Compare and contrast key facts about Simplify US Equity PLUS GBTC ETF (SPBC) and iShares Core S&P 500 ETF (IVV).
SPBC and IVV 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. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Performance
SPBC vs. IVV - Performance Comparison
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SPBC vs. IVV - 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% |
IVV iShares Core S&P 500 ETF | -4.38% | 17.85% | 24.93% | 26.31% | -18.16% | 14.73% |
Returns By Period
In the year-to-date period, SPBC achieves a -6.79% return, which is significantly lower than IVV's -4.38% return.
SPBC
- 1D
- 3.13%
- 1M
- -4.69%
- YTD
- -6.79%
- 6M
- -6.85%
- 1Y
- 15.60%
- 3Y*
- 23.43%
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- 2.88%
- 1M
- -4.99%
- YTD
- -4.38%
- 6M
- -1.80%
- 1Y
- 17.69%
- 3Y*
- 18.29%
- 5Y*
- 11.76%
- 10Y*
- 14.02%
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SPBC vs. IVV - Expense Ratio Comparison
SPBC has a 0.50% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
SPBC vs. IVV — Risk / Return Rank
SPBC
IVV
SPBC vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.97 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.49 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.53 | -0.33 |
Martin ratioReturn relative to average drawdown | 4.37 | 7.32 | -2.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPBC | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.97 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.42 | +0.23 |
Correlation
The correlation between SPBC and IVV is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPBC vs. IVV - Dividend Comparison
SPBC's dividend yield for the trailing twelve months is around 0.96%, less than IVV's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPBC Simplify US Equity PLUS GBTC ETF | 0.96% | 0.85% | 0.98% | 3.79% | 0.60% | 1.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.23% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
SPBC vs. IVV - Drawdown Comparison
The maximum SPBC drawdown since its inception was -33.99%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for SPBC and IVV.
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Drawdown Indicators
| SPBC | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -55.25% | +21.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -12.06% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -9.50% | -6.26% | -3.24% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -10.85% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 2.53% | +1.09% |
Volatility
SPBC vs. IVV - Volatility Comparison
Simplify US Equity PLUS GBTC ETF (SPBC) has a higher volatility of 6.14% compared to iShares Core S&P 500 ETF (IVV) at 5.30%. This indicates that SPBC's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPBC | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 5.30% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 9.45% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 18.31% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 16.89% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 18.04% | +2.55% |