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ETFs

Simplify Exchange Traded Funds Simplify U.S. Equity PLUS GBTC ETF

SPBC
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
May 24, 2021
Expense Ratio
0.73%
Type
US Equities
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$70,187
AUM
$4,231,524
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
84.8%
GBTC
GRAYSCALE BITCOIN TR BTC NPV
9.87%
—
Cash
5.33%
—
Derivatives offset
-20.61%
Invest with SPBC
Trade SPBC Options

What is SPBC?

The Fund invests in equity securities of U.S. companies through (i) exchange-traded futures contracts, (ii) equity securities of U.S. companies, and (iii) ETFs that primarily invest in the equity securities of U.S. companies. The Fund defines equity securities as common stock, preferred stock, or futures on common or preferred stock. The Fund defines U.S. companies as those organized in the U.S.; having a class of securities whose principal securities market is in the U.S.; or derives 50% or more of its total revenues or earnings from goods produced, sales made, or services provided in the U.S.; or maintains 50% or more of its employees, assets, investments, operations, or other business activity in the U.S. The Fund invests in companies without restriction as to capitalization. The Fund invests up to 15% of its total assets in the Grayscale Bitcoin Trust. The Grayscale Bitcoin Trust is a private fund that is not registered as an investment company under the Investment Company Act of 1940, as amended (the 1940 Act ). The Grayscale Bitcoin Trust seeks for its shares to track the price of Bitcoin. The Fund expects to gain exposure to cryptocurrencies indirectly by investing up to 15% of its total assets (measured at the time of investment) in a wholly-owned and controlled subsidiary, which is designed to enhance the ability of the Fund to obtain exposure to cryptocurrencies consistent with the limits of the U.S. federal tax law requirements applicable to regulated investment companies.

1M
3M
6M
YTD
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Max
www.composer.trade

SPBC
Performance Measures**

for the time period May 25, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 0.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 3.9%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -33.8%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 20.8%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.83

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.48

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSPBC

ETFs correlated to SPBC include GAUG, VOTE, SPUU

SPBC
Simplify Exchange Traded Funds - Simplify U.S. Equity PLUS GBTC ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

SPBC is a US Equities ETF. The Fund invests in equity securities of U.S. companies through (i) exchange-traded futures contracts, (ii) equity securities of U.S. companies, and (iii) ETFs that primarily invest in the equity securities of U.S. companies. The Fund defines equity securities as common stock, preferred stock, or futures on common or preferred stock. The Fund defines U.S. companies as those organized in the U.S.; having a class of securities whose principal securities market is in the U.S.; or derives 50% or more of its total revenues or earnings from goods produced, sales made, or services provided in the U.S.; or maintains 50% or more of its employees, assets, investments, operations, or other business activity in the U.S. The Fund invests in companies without restriction as to capitalization. The Fund invests up to 15% of its total assets in the Grayscale Bitcoin Trust. The Grayscale Bitcoin Trust is a private fund that is not registered as an investment company under the Investment Company Act of 1940, as amended (the 1940 Act ). The Grayscale Bitcoin Trust seeks for its shares to track the price of Bitcoin. The Fund expects to gain exposure to cryptocurrencies indirectly by investing up to 15% of its total assets (measured at the time of investment) in a wholly-owned and controlled subsidiary, which is designed to enhance the ability of the Fund to obtain exposure to cryptocurrencies consistent with the limits of the U.S. federal tax law requirements applicable to regulated investment companies.

Yes, SPBC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, SPBC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPBC is -0.0066%. This is the percent change in the value of SPBC over the most recent 1-month period. The 3-month return on SPBC is 0.0026%. This is the percent change in the value of SPBC over the most recent 3-month period.

The standard deviation of SPBC for the past year is 0.2167%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPBC include IVV, MDY, and IJR.

ETFs correlated to SPBC include GAUG, VOTE, and SPUU.

ETFs that are inversely correlated to SPBC include SPXS, SDS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.