SPBC vs. RAAX

Last updated Jun 4, 2026

SPBC (Simplify US Equity PLUS GBTC ETF) and RAAX (VanEck Inflation Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, SPBC returned 15.96%/yr vs 13.54%/yr for RAAX. At a 0.48 correlation, their price movements are largely independent. SPBC charges 0.50%/yr vs 0.78%/yr for RAAX.

Performance

SPBC vs. RAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity PLUS GBTC ETF (SPBC) and VanEck Inflation Allocation ETF (RAAX). 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 RAAX's 19.15% return.

SPBC

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

RAAX

• 1D: 0.39%
• 1M: -1.28%
• YTD: 19.15%
• 6M: 19.65%
• 1Y: 37.19%
• 3Y*: 22.13%
• 5Y*: 13.54%
• 10Y*: —

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

SPBC vs. RAAX - 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%
RAAX VanEck Inflation Allocation ETF	19.15%	26.74%	12.50%	6.71%	1.51%	6.24%

Correlation

The correlation between SPBC and RAAX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.48

The correlation between SPBC and RAAX shifts across timeframes, from 0.29 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.

SPBC vs. RAAX - Sectors Allocation Comparison

Sectors	SPBC	RAAX
Technology	35.6%	1.7%
Financial Services	11.8%	0.0%
Communication Services	11.2%	0.1%
Consumer Cyclical	10.1%	1.0%
Healthcare	8.5%	0.2%
Industrials	8.3%	28.6%
Consumer Defensive	4.9%	0.5%
Energy	3.5%	32.6%
Utilities	2.4%	13.0%
Real Estate	1.9%	5.0%
Basic Materials	1.8%	17.4%

Return for Risk

SPBC vs. RAAX — 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

RAAX

RAAX Risk / Return Rank: 85
RAAX Sharpe Ratio Rank: 83
RAAX Sortino Ratio Rank: 78
RAAX Omega Ratio Rank: 82
RAAX Calmar Ratio Rank: 90
RAAX Martin Ratio Rank: 90

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. RAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and VanEck Inflation Allocation ETF (RAAX). 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	RAAX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.75	-1.26
Sortino ratio: Return per unit of downside risk	2.08	3.57	-1.49
Omega ratio: Gain probability vs. loss probability	1.26	1.50	-0.24
Calmar ratio: Return relative to maximum drawdown	1.76	5.64	-3.88
Martin ratio: Return relative to average drawdown	6.38	21.06	-14.68
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. RAAX - Sharpe Ratio Comparison

The current SPBC Sharpe Ratio is 1.49, which is lower than the RAAX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of SPBC and RAAX, 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	RAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	2.75	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.87	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.62	+0.18

Drawdowns

SPBC vs. RAAX - Drawdown Comparison

The maximum SPBC drawdown since its inception was -33.99%, roughly equal to the maximum RAAX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for SPBC and RAAX.

Drawdown Indicators

	SPBC	RAAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-33.91%	-0.08%
Max Drawdown (1Y) Largest decline over 1 year	-12.24%	-6.62%	-5.62%
Max Drawdown (3Y) Largest decline over 3 years	-21.00%	-11.59%	-9.41%
Max Drawdown (5Y) Largest decline over 5 years	-33.99%	-23.55%	-10.44%
Current Drawdown Current decline from peak	-1.28%	-2.53%	+1.25%
Average Drawdown Average peak-to-trough decline	-8.64%	-6.78%	-1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	1.77%	+1.60%

Volatility

SPBC vs. RAAX - Volatility Comparison

Simplify US Equity PLUS GBTC ETF (SPBC) has a higher volatility of 3.38% compared to VanEck Inflation Allocation ETF (RAAX) at 2.95%. This indicates that SPBC's price experiences larger fluctuations and is considered to be riskier than RAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPBC	RAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	2.95%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	10.92%	11.58%	-0.66%
Volatility (1Y) Calculated over the trailing 1-year period	14.49%	13.60%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	15.60%	+4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.39%	15.76%	+4.63%

SPBC vs. RAAX - Expense Ratio Comparison

SPBC has a 0.50% expense ratio, which is lower than RAAX's 0.78% expense ratio.

Dividends

SPBC vs. RAAX - Dividend Comparison

SPBC's dividend yield for the trailing twelve months is around 0.83%, less than RAAX's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
RAAX VanEck Inflation Allocation ETF	1.96%	2.34%	1.91%	3.66%	1.53%	8.72%	6.27%	2.37%	0.56%
SPBC Simplify US Equity PLUS GBTC ETF	0.83%	0.85%	0.98%	3.79%	0.60%	1.41%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPBC and RAAX in my portfolio?

SPBC and RAAX have a correlation of 0.29, 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 RAAX?

SPBC has higher volatility (3.38%) compared to RAAX (2.95%). In terms of maximum drawdown, SPBC dropped -33.99% vs RAAX's -33.91%.

Which ETF is better, SPBC or RAAX?

On 5-year performance, SPBC leads with 15.96% vs 13.54% for RAAX. On fees, SPBC is cheaper at 0.50% per year. On volatility, RAAX has been the lower-risk option at 2.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPBC or RAAX?

Over the 5-year period, SPBC has performed better with a 15.96% return vs 13.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPBC or RAAX?

SPBC is cheaper with a 0.50% expense ratio, compared with 0.78% for RAAX.

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

RAAX has the higher dividend yield at 1.96%, compared with 0.83% for SPBC.

What is the main difference between SPBC and RAAX?

They also come from different issuers: Simplify and VanEck. Their fees differ too: 0.50% for SPBC and 0.78% for RAAX.

Which has better risk-adjusted returns?

RAAX currently has the higher Sharpe Ratio (2.75 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.