SPBC vs. IYLD
Compare and contrast key facts about Simplify US Equity PLUS GBTC ETF (SPBC) and iShares Morningstar Multi-Asset Income ETF (IYLD).
SPBC and IYLD 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. IYLD is a passively managed fund by iShares that tracks the performance of the Morningstar Multi-Asset High Income Index. It was launched on Apr 5, 2012.
Performance
SPBC vs. IYLD - Performance Comparison
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SPBC vs. IYLD - 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% |
IYLD iShares Morningstar Multi-Asset Income ETF | 1.98% | 15.44% | 2.00% | 12.55% | -16.80% | 2.81% |
Returns By Period
In the year-to-date period, SPBC achieves a -6.79% return, which is significantly lower than IYLD's 1.98% return.
SPBC
- 1D
- 3.13%
- 1M
- -4.69%
- YTD
- -6.79%
- 6M
- -6.85%
- 1Y
- 15.60%
- 3Y*
- 23.43%
- 5Y*
- —
- 10Y*
- —
IYLD
- 1D
- 1.07%
- 1M
- -2.98%
- YTD
- 1.98%
- 6M
- 4.60%
- 1Y
- 13.49%
- 3Y*
- 9.83%
- 5Y*
- 3.40%
- 10Y*
- 3.99%
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SPBC vs. IYLD - Expense Ratio Comparison
SPBC has a 0.50% expense ratio, which is lower than IYLD's 0.60% expense ratio.
Return for Risk
SPBC vs. IYLD — Risk / Return Rank
SPBC
IYLD
SPBC vs. IYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and iShares Morningstar Multi-Asset Income ETF (IYLD). 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 | IYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 1.99 | -1.22 |
Sortino ratioReturn per unit of downside risk | 1.24 | 2.72 | -1.49 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 2.89 | -1.69 |
Martin ratioReturn relative to average drawdown | 4.37 | 11.00 | -6.63 |
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 | IYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.99 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.48 | +0.17 |
Correlation
The correlation between SPBC and IYLD is 0.59, 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. IYLD - Dividend Comparison
SPBC's dividend yield for the trailing twelve months is around 0.96%, less than IYLD's 4.61% 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% |
IYLD iShares Morningstar Multi-Asset Income ETF | 4.61% | 4.72% | 5.32% | 5.76% | 5.45% | 3.47% | 4.38% | 5.25% | 5.78% | 4.22% | 4.84% | 5.26% |
Drawdowns
SPBC vs. IYLD - Drawdown Comparison
The maximum SPBC drawdown since its inception was -33.99%, which is greater than IYLD's maximum drawdown of -30.23%. Use the drawdown chart below to compare losses from any high point for SPBC and IYLD.
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Drawdown Indicators
| SPBC | IYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -30.23% | -3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -4.63% | -8.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.23% | — |
Current DrawdownCurrent decline from peak | -9.50% | -3.36% | -6.14% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -4.58% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 1.22% | +2.40% |
Volatility
SPBC vs. IYLD - Volatility Comparison
Simplify US Equity PLUS GBTC ETF (SPBC) has a higher volatility of 6.14% compared to iShares Morningstar Multi-Asset Income ETF (IYLD) at 2.83%. This indicates that SPBC's price experiences larger fluctuations and is considered to be riskier than IYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPBC | IYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 2.83% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 4.52% | +7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 6.79% | +13.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 7.84% | +12.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 9.56% | +11.03% |