SPBC vs SPY
Simplify US Equity PLUS Bitcoin Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SPBC or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. SPBC led over 3Y, 5Y and the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.95.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPBC | SPY |
|---|---|---|
| Expense Ratio | 0.54% | 0.09%Best |
| AUM | $40M | $804.7B |
| Dividend Yield | 0.80% | 0.98% |
| Holdings | 4 | 505 |
| YTD Return | +11.77% | +12.09%Best |
| 1Y Return | +12.74% | +16.29%Best |
| 3Y Return (annualized) | +27.12%Best | +21.20% |
| 5Y Return (annualized) | +16.03%Best | +13.37% |
| Volatility (annualized) | 19.7% | 15.4%Best |
| Max Drawdown | -33.8% | -24.5%Best |
| $10,000 over 5 years | $21,031Best | $18,728 |
| Fund Family | Simplify Exchange Traded Funds | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | May 24, 2021 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 25, 2021 to Sep 18, 2026 (5.3 years).
SPBC vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.3 years both funds cover.
SPBC vs SPY Performance
Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC) is an ETF from Simplify Exchange Traded Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SPBC returned +12.74% while SPY returned +16.29%. Year to date, SPBC is up 11.77% versus a gain of 12.09% for SPY.
Over three years, SPBC compounded at +27.12% per year against +21.20% for SPY; over five years the annualized figures are +16.03% and +13.37% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPBC has been the more volatile fund, with annualized monthly volatility of 19.7% compared with 15.4% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.8% for SPBC and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPBC charges 0.54% per year while SPY charges 0.09%. On a $10,000 position that is $54 vs $9 annually, a gap of $45 per year that compounds over a long holding period. On income, SPBC currently yields 0.80% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 2 holdings in SPBC and 504 in SPY, totalling 98.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in SPBC and 504 in SPY, against full books of 4 and 505.
You are not choosing between two funds in isolation.
Whichever of SPBC and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPBC or SPY?
SPBC has an expense ratio of 0.54% while SPY charges 0.09%. SPY is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, SPBC or SPY?
Over the past year SPBC returned +12.74% vs +16.29% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPBC or SPY?
SPBC has been the more volatile fund at 19.7% annualized versus 15.4% for SPY. Worst drawdown: SPBC -33.8% vs SPY -24.5%.
Should I hold both SPBC and SPY?
SPBC and SPY have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SPBC or SPY?
SPBC yields 0.80% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than SPBC?
SPY has a lower expense ratio. SPBC led over 3Y, 5Y and the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.