SPBC vs. NTSE

Last updated Jun 4, 2026

SPBC (Simplify US Equity PLUS GBTC ETF) and NTSE (WisdomTree Emerging Markets Efficient Core Fund) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, SPBC returned 15.96%/yr vs 6.43%/yr for NTSE. A 0.59 correlation means they provide meaningful diversification when combined. SPBC charges 0.50%/yr vs 0.38%/yr for NTSE.

Performance

SPBC vs. NTSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity PLUS GBTC ETF (SPBC) and WisdomTree Emerging Markets Efficient Core Fund (NTSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPBC achieves a 7.71% return, which is significantly lower than NTSE's 32.02% return.

SPBC

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

NTSE

• 1D: -1.17%
• 1M: 11.32%
• YTD: 32.02%
• 6M: 34.98%
• 1Y: 64.08%
• 3Y*: 25.03%
• 5Y*: 6.43%
• 10Y*: —

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

SPBC vs. NTSE - 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%
NTSE WisdomTree Emerging Markets Efficient Core Fund	32.02%	36.29%	4.42%	9.47%	-26.31%	-6.72%

Correlation

The correlation between SPBC and NTSE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.59

The correlation between SPBC and NTSE shifts across timeframes, from 0.59 (3 years) to 0.69 (1 year), reflecting how their relationship changes across market environments.

SPBC vs. NTSE - Sectors Allocation Comparison

Sectors	SPBC	NTSE
Technology	35.6%	0.8%
Financial Services	11.8%	2.1%
Communication Services	11.2%	1.8%
Consumer Cyclical	10.1%	2.2%
Healthcare	8.5%	0.2%
Industrials	8.3%	0.2%
Consumer Defensive	4.9%	0.3%
Energy	3.5%	0.1%
Utilities	2.4%	0.0%
Real Estate	1.9%	0.1%
Basic Materials	1.8%	0.5%

Return for Risk

SPBC vs. NTSE — 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

NTSE

NTSE Risk / Return Rank: 87
NTSE Sharpe Ratio Rank: 90
NTSE Sortino Ratio Rank: 88
NTSE Omega Ratio Rank: 89
NTSE Calmar Ratio Rank: 83
NTSE Martin Ratio Rank: 84

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. NTSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and WisdomTree Emerging Markets Efficient Core Fund (NTSE). 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	NTSE	Difference
Sharpe ratio: Return per unit of total volatility	1.49	3.11	-1.62
Sortino ratio: Return per unit of downside risk	2.08	4.07	-1.99
Omega ratio: Gain probability vs. loss probability	1.26	1.57	-0.30
Calmar ratio: Return relative to maximum drawdown	1.76	4.54	-2.78
Martin ratio: Return relative to average drawdown	6.38	17.57	-11.18
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. NTSE - Sharpe Ratio Comparison

The current SPBC Sharpe Ratio is 1.49, which is lower than the NTSE Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of SPBC and NTSE, 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	NTSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	3.11	-1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.34	+0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.38	+0.41

Drawdowns

SPBC vs. NTSE - Drawdown Comparison

The maximum SPBC drawdown since its inception was -33.99%, smaller than the maximum NTSE drawdown of -42.84%. Use the drawdown chart below to compare losses from any high point for SPBC and NTSE.

Drawdown Indicators

	SPBC	NTSE	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-42.84%	+8.85%
Max Drawdown (1Y) Largest decline over 1 year	-12.24%	-14.20%	+1.96%
Max Drawdown (3Y) Largest decline over 3 years	-21.00%	-18.73%	-2.27%
Max Drawdown (5Y) Largest decline over 5 years	-33.99%	-42.84%	+8.85%
Current Drawdown Current decline from peak	-1.28%	-1.17%	-0.11%
Average Drawdown Average peak-to-trough decline	-8.64%	-19.74%	+11.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	3.66%	-0.29%

Volatility

SPBC vs. NTSE - Volatility Comparison

The current volatility for Simplify US Equity PLUS GBTC ETF (SPBC) is 3.38%, while WisdomTree Emerging Markets Efficient Core Fund (NTSE) has a volatility of 9.08%. This indicates that SPBC experiences smaller price fluctuations and is considered to be less risky than NTSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPBC	NTSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	9.08%	-5.70%
Volatility (6M) Calculated over the trailing 6-month period	10.92%	18.18%	-7.26%
Volatility (1Y) Calculated over the trailing 1-year period	14.49%	20.73%	-6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	19.26%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.39%	19.23%	+1.16%

SPBC vs. NTSE - Expense Ratio Comparison

SPBC has a 0.50% expense ratio, which is higher than NTSE's 0.38% expense ratio.

Dividends

SPBC vs. NTSE - Dividend Comparison

SPBC's dividend yield for the trailing twelve months is around 0.83%, less than NTSE's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021
NTSE WisdomTree Emerging Markets Efficient Core Fund	2.51%	3.35%	3.23%	2.44%	3.22%	2.10%
SPBC Simplify US Equity PLUS GBTC ETF	0.83%	0.85%	0.98%	3.79%	0.60%	1.41%

Frequently Asked Questions

Can I hold both SPBC and NTSE in my portfolio?

SPBC and NTSE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPBC or NTSE?

NTSE has higher volatility (9.08%) compared to SPBC (3.38%). In terms of maximum drawdown, SPBC dropped -33.99% vs NTSE's -42.84%.

Which ETF is better, SPBC or NTSE?

On 5-year performance, SPBC leads with 15.96% vs 6.43% for NTSE. On fees, NTSE is cheaper at 0.38% per year. On volatility, SPBC has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPBC or NTSE?

Over the 5-year period, SPBC has performed better with a 15.96% return vs 6.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPBC or NTSE?

NTSE is cheaper with a 0.38% expense ratio, compared with 0.50% for SPBC.

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

NTSE has the higher dividend yield at 2.51%, compared with 0.83% for SPBC.

What is the main difference between SPBC and NTSE?

They also come from different issuers: Simplify and WisdomTree. Their fees differ too: 0.50% for SPBC and 0.38% for NTSE.

Which has better risk-adjusted returns?

NTSE currently has the higher Sharpe Ratio (3.11 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.