SPYC vs. BIBL

Last updated Jun 4, 2026

SPYC (Simplify US Equity PLUS Convexity ETF) and BIBL (Inspire 100 ETF) are both Large Cap Growth Equities funds. SPYC is actively managed, while BIBL is passively managed. Over the past 5 years, SPYC returned 9.87%/yr vs 10.11%/yr for BIBL. Their correlation of 0.85 suggests significant overlap in exposure. SPYC charges 0.28%/yr vs 0.35%/yr for BIBL.

Performance

SPYC vs. BIBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity PLUS Convexity ETF (SPYC) and Inspire 100 ETF (BIBL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYC achieves a 7.59% return, which is significantly lower than BIBL's 23.84% return.

SPYC

• 1D: -0.84%
• 1M: 5.51%
• YTD: 7.59%
• 6M: 6.63%
• 1Y: 16.39%
• 3Y*: 19.24%
• 5Y*: 9.87%
• 10Y*: —

BIBL

• 1D: 0.42%
• 1M: 5.68%
• YTD: 23.84%
• 6M: 22.77%
• 1Y: 40.34%
• 3Y*: 22.20%
• 5Y*: 10.11%
• 10Y*: —

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

SPYC vs. BIBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPYC Simplify US Equity PLUS Convexity ETF	7.59%	15.31%	22.57%	23.98%	-25.65%	29.26%	9.10%
BIBL Inspire 100 ETF	23.84%	17.27%	12.49%	17.87%	-23.26%	27.44%	11.47%

Correlation

The correlation between SPYC and BIBL is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 8, 2020	0.85

The correlation between SPYC and BIBL shifts across timeframes, from 0.75 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

SPYC vs. BIBL - Sectors Allocation Comparison

Sectors	SPYC	BIBL
Technology	35.6%	30.1%
Financial Services	11.8%	8.3%
Communication Services	11.2%	-
Consumer Cyclical	10.1%	0.3%
Healthcare	8.5%	4.3%
Industrials	8.3%	26.8%
Consumer Defensive	4.9%	0.5%
Energy	3.5%	6.9%
Utilities	2.4%	3.5%
Real Estate	1.9%	14.7%
Basic Materials	1.8%	4.2%

Return for Risk

SPYC vs. BIBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYC

SPYC Risk / Return Rank: 27
SPYC Sharpe Ratio Rank: 29
SPYC Sortino Ratio Rank: 29
SPYC Omega Ratio Rank: 27
SPYC Calmar Ratio Rank: 25
SPYC Martin Ratio Rank: 26

BIBL

BIBL Risk / Return Rank: 81
BIBL Sharpe Ratio Rank: 80
BIBL Sortino Ratio Rank: 78
BIBL Omega Ratio Rank: 75
BIBL Calmar Ratio Rank: 84
BIBL Martin Ratio Rank: 88

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.

SPYC vs. BIBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Convexity ETF (SPYC) and Inspire 100 ETF (BIBL). 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.

	SPYC	BIBL	Difference
Sharpe ratio: Return per unit of total volatility	1.07	2.62	-1.56
Sortino ratio: Return per unit of downside risk	1.60	3.53	-1.93
Omega ratio: Gain probability vs. loss probability	1.19	1.45	-0.27
Calmar ratio: Return relative to maximum drawdown	1.22	4.53	-3.31
Martin ratio: Return relative to average drawdown	3.66	19.63	-15.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYC vs. BIBL - Sharpe Ratio Comparison

The current SPYC Sharpe Ratio is 1.07, which is lower than the BIBL Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of SPYC and BIBL, 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

	SPYC	BIBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	2.62	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.52	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.63	+0.02

Drawdowns

SPYC vs. BIBL - Drawdown Comparison

The maximum SPYC drawdown since its inception was -28.51%, smaller than the maximum BIBL drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for SPYC and BIBL.

Drawdown Indicators

	SPYC	BIBL	Difference
Max Drawdown Largest peak-to-trough decline	-28.51%	-36.12%	+7.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.47%	-8.94%	-4.53%
Max Drawdown (3Y) Largest decline over 3 years	-22.81%	-20.60%	-2.21%
Max Drawdown (5Y) Largest decline over 5 years	-28.51%	-30.85%	+2.34%
Current Drawdown Current decline from peak	-0.87%	0.00%	-0.87%
Average Drawdown Average peak-to-trough decline	-8.24%	-7.04%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	2.06%	+2.43%

Volatility

SPYC vs. BIBL - Volatility Comparison

The current volatility for Simplify US Equity PLUS Convexity ETF (SPYC) is 3.73%, while Inspire 100 ETF (BIBL) has a volatility of 4.62%. This indicates that SPYC experiences smaller price fluctuations and is considered to be less risky than BIBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYC	BIBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	4.62%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	12.63%	-2.88%
Volatility (1Y) Calculated over the trailing 1-year period	15.47%	15.47%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	19.59%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.65%	21.08%	-1.43%

SPYC vs. BIBL - Expense Ratio Comparison

SPYC has a 0.28% expense ratio, which is lower than BIBL's 0.35% expense ratio.

Dividends

SPYC vs. BIBL - Dividend Comparison

SPYC's dividend yield for the trailing twelve months is around 0.87%, less than BIBL's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIBL Inspire 100 ETF	0.95%	1.01%	0.92%	1.02%	0.98%	17.87%	1.67%	1.30%	1.49%	0.31%
SPYC Simplify US Equity PLUS Convexity ETF	0.87%	0.89%	1.02%	1.76%	1.34%	1.01%	0.40%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPYC and BIBL in my portfolio?

SPYC and BIBL have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPYC or BIBL?

BIBL has higher volatility (4.62%) compared to SPYC (3.73%). In terms of maximum drawdown, SPYC dropped -28.51% vs BIBL's -36.12%.

Which ETF is better, SPYC or BIBL?

On 5-year performance, BIBL leads with 10.11% vs 9.87% for SPYC. On fees, SPYC is cheaper at 0.28% per year. On volatility, SPYC has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPYC or BIBL?

Over the 5-year period, BIBL has performed better with a 10.11% return vs 9.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPYC or BIBL?

SPYC is cheaper with a 0.28% expense ratio, compared with 0.35% for BIBL.

Which ETF pays a higher dividend yield, SPYC or BIBL?

BIBL has the higher dividend yield at 0.95%, compared with 0.87% for SPYC.

What is the main difference between SPYC and BIBL?

They also come from different issuers: Simplify and Inspire. Their fees differ too: 0.28% for SPYC and 0.35% for BIBL.

Which has better risk-adjusted returns?

BIBL currently has the higher Sharpe Ratio (2.62 vs 1.07), 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.