Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC) Performance
SPBC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.0% since Dec 31, 2025
- 1 year
- +11.5% total return
- 5 years
- +14.0% a year
- 10 years
- +6.5% a year
- Since first price
- +11.7% a year since 2010
SPBC trailing returns vs SPY, QQQ, AGG
| Period | SPBC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.6% | −1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.9% | +5.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.8% | +8.4% | +7.8% | +8.4% | −1.5% |
| YTD | +12.0% | +11.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.5% | +10.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +110.6%+28.2%/yr | +105.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +92.9%+14.0%/yr | +75.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +88.2%+6.5%/yr | +70.9% | — | — | — |
| 15 years | +435.3%+11.8%/yr | +386.3% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionNov 1, 2010 | +482.5%+11.7%/yr | +429.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPBC vs SPY
From Nov 1, 2010: SPBC grew to $58,251, SPY to $84,911.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPBC returns by calendar year
7 of 9 full years positive. Best 2012 (+50.6%), worst 2022 (−28.0%). 2026 is year to date.
SPBC annual returns table
| Year | SPBC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.0% | −11.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +16.8% | −21.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +37.3% | −10.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +48.0% | −8.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −28.0% | −32.0% | −18.2% | −32.6% | −13.0% |
| 2021 | −1.7% | −7.4% | +28.7% | +27.4% | −1.8% |
| 2014 | +47.4% | −4.6% | +13.5% | +19.2% | +6.0% |
| 2013 | +27.4% | −8.2% | +32.3% | +36.6% | −2.0% |
| 2012 | +50.6% | −16.6% | +16.0% | +18.1% | +3.8% |
| 2011 | +9.7% | −19.0% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPBC largest drawdowns
Now 3.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 9, 2021 | −33.8% | Oct 14, 2022 | Dec 8, 2023 | 11 months | 2.1 years |
| Dec 16, 2024 | −21.0% | Apr 8, 2025 | Jun 24, 2025 | 4 months | 6 months |
| May 4, 2011 | −19.0% | Nov 2, 2011 | Mar 27, 2012 | 6 months | 11 months |
| Sep 15, 2014 | −16.6% | Jun 18, 2021 | Nov 8, 2021 | 6.8 years | 7.1 years |
| Aug 21, 2012 | −16.6% | Sep 19, 2012 | Dec 3, 2012 | 29 days | 3 months |
| Oct 28, 2025 | −12.2% | Mar 30, 2026 | Apr 17, 2026 | 5 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPBC risk statistics
| Statistic | 3 years | 5 years | Since 2010 |
|---|---|---|---|
| Annualized return | +29.0% | +16.4% | +21.4% |
| Volatility (annualized) | 15.8% | 20.1% | 22.9% |
| Sharpe ratio | 1.43 | 0.68 | 0.88 |
| Sortino ratio | 3.07 | 1.14 | 1.79 |
| Best month | +11.7% | +11.7% | +40.0% |
| Worst month | −6.2% | −12.1% | −14.6% |
| Best 12 months | +52.9% | +55.9% | +57.3% |
| Worst 12 months | +8.4% | −28.0% | −28.0% |
| Positive months | 75% | 63% | 62% |
| Beta vs S&P 500 | 1.19 | 1.22 | — |
| Correlation with S&P 500 | 0.94 | 0.95 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPBC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 102 | −28.0% | +22.8% | +57.3% | 82% |
| 3-year (a year) | 78 | +0.1% | +19.8% | +41.5% | 100% |
| 5-year (a year) | 54 | +9.4% | +17.1% | +21.7% | 100% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
SPBC performance overview
Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC) returned +11.5% over the past year and +6.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +11.7% a year, turning $10,000 into about $58,251. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.8%, from Nov 9, 2021 to Oct 14, 2022, and it took 1.1 years to get back to the old high. SPBC finished 7 of its 9 full calendar years with a gain; the best year was 2012 (+50.6%) and the worst 2022 (−28.0%). Volatility has been 22.9% a year.
Related: SPBC chart, SPBC dividends. See the SPBC overview for the latest quote and fund facts.
SPBC performance FAQ
What is the SPBC return over the past year?
SPBC returned +11.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.5%.
What is the average annual return of SPBC?
SPBC has returned +14.0% a year over 5 years, +6.5% a year over 10 years, +11.7% a year since November 1, 2010 (total return, distributions reinvested).
How much would $10,000 invested in SPBC be worth?
$10,000 invested in SPBC at its first recorded close on November 1, 2010 would be worth about $58,251 on October 23, 2026 with distributions reinvested.
What was the worst year for SPBC?
The worst calendar year was 2022, with a total return of −28.0%. The best was 2012 at +50.6%.
What is the biggest drawdown of SPBC?
The largest peak-to-trough decline was −33.8% between November 9, 2021 and October 14, 2022. It recovered to the old high on December 8, 2023, 1.1 years after the bottom.
How volatile is SPBC?
Over the past 3 years SPBC had an annualized volatility of 15.8% and a Sharpe ratio of 1.43 (excess return over 1–3 month T-bills per unit of risk).