SPBC vs VYM
Simplify US Equity PLUS Bitcoin Strategy ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | SPBC | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.04% | |
| AUM | $44M | $79.0B | |
| Dividend Yield | 0.85% | 2.86% | |
| Holdings | 4 | 568 | |
| YTD Return | +10.73% | +16.78% | |
| 1Y Return | +14.04% | +24.43% | |
| 3Y Return (annualized) | +26.34% | +18.60% | |
| 5Y Return (annualized) | +14.97% | +12.30% | |
| Volatility (annualized) | 19.8% | 14.6% | |
| Max Drawdown | -33.8% | -58.8% | |
| Fund Family | Simplify Exchange Traded Funds | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | May 24, 2021 | Nov 10, 2006 |
SPBC vs VYM Performance
Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC) is a ETF from Simplify Exchange Traded Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPBC returned +14.04% while VYM returned +24.43%. Year to date, SPBC is up 10.73% versus a gain of 16.78% for VYM.
Over three years, SPBC compounded at +26.34% per year against +18.60% for VYM; over five years the annualized figures are +14.97% and +12.30% respectively. Across the full 5-year window we track, SPBC has the edge at +16.18% annualized vs +7.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPBC has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 14.6% for VYM. 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 -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPBC charges 0.54% per year while VYM charges 0.04%. On a $10,000 position that is $54 vs $4 annually, a gap of $50 per year that compounds over a long holding period. On income, SPBC currently yields 0.85% against 2.86% for VYM.
Holdings Overlap
SPBC and VYM share 0 holdings out of 560 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPBC or VYM?
SPBC has an expense ratio of 0.54% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, SPBC or VYM?
Over the past year SPBC returned +14.04% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), SPBC annualized +16.18% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, SPBC or VYM?
SPBC has been the more volatile fund at 19.8% annualized versus 14.6% for VYM. Worst drawdown: SPBC -33.8% vs VYM -58.8%.
Should I hold both SPBC and VYM?
SPBC and VYM have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPBC and VYM?
SPBC and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, SPBC or VYM?
SPBC yields 0.85% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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