SPBC
This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.NASDAQSimplify US Equity PLUS Bitcoin Strategy ETF
$50.69−0.50 (−0.98%)
- Expense ratio
- 0.54%
- Fund size
- $41M
- 1Y return
- +15.0%
- Yield · Last 12 months
- 0.78%
- Holdings
- 5
- Volume · 30D
- 0M sh
- NAV per share
- $51.14
- 52W range
Our read on SPBC
A US equity core with a bitcoin sleeve and an active options overlay, in one ticker. The bitcoin piece comes from futures and bitcoin-linked funds, never coins, and it charges about half its cohort's median fee.
The fund seeks income and capital appreciation through Bitcoin exposure obtained via Bitcoin futures and/or Bitcoin-related exchange-traded products, combined with an actively managed options overlay. It does not invest directly in Bitcoin.
Why people hold it
- Fee is 0.54%, against a 0.96% median for its crypto-overlay income cohort. Roughly half price for the same shelf.
- One ticker, two jobs: US equity exposure plus bitcoin exposure, with an actively managed options overlay run for income on top.
- Ordinary 1940 Act fund wrapper. Bitcoin exposure arrives through futures and bitcoin-related exchange-traded products, so there is no wallet, key or crypto account on your end.
- Stands among the strongest builds in a 19-fund crypto-overlay group, and it has been running this blend since 2021, before most of the field existed.
Worth knowing
- Two engines under one hood: equity moves and bitcoin moves land in the same NAV, so swings can stack rather than offset.
- Bitcoin exposure is indirect. Futures roll costs and the pricing of bitcoin-related ETPs can pull the sleeve's path away from spot bitcoin.
- Assets are modest and the shares trade lightly, which tends to mean wider spreads than the giants of the category. Payouts land quarterly.
SPBC Holdings
- Stocks
- 5
- 100%
- IVV
Sectors
- Technology38.7%
- Financials12.1%
- Communication9.5%
- Consumer Discr.9.3%
- Health Care9.3%
- Industrials7.8%
- Cons. Staples4.5%
- Energy3.5%
- Utilities2.0%
- Real Estate1.8%
- Materials1.7%
Geography
- United States100.00%
SPBC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SPBC |
|---|---|
| Year to date | +15.0% |
| 1 month | +2.8% |
| 3 months | +8.0% |
| 1 year | +15.0% |
| 3 years | +29.7% |
| 5 years | +16.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPBC |
|---|---|---|
| 2026 YTD | +15.0% | |
| 2025 | +16.9% | |
| 2024 | +37.3% | |
| 2023 | +48.1% | |
| 2022 | −28.0% | |
| 2021 | +15.2% |
SPBC in the news
ETF.net Research hasn’t filed on SPBC yet — coverage lands here as it’s written.
SPBC Dividends
- 0.78%
- $0.40
- $0.10 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.10 |
| Mar 26, 2026 | Mar 31, 2026 | $0.10 |
| Dec 23, 2025 | Dec 31, 2025 | $0.10 |
| Sep 25, 2025 | Sep 30, 2025 | $0.10 |
| Jun 25, 2025 | Jun 30, 2025 | $0.10 |
| Mar 26, 2025 | Mar 31, 2025 | $0.08 |
| Dec 23, 2024 | Dec 31, 2024 | $0.10 |
| Sep 25, 2024 | Sep 30, 2024 | $0.08 |
| Jun 25, 2024 | Jun 28, 2024 | $0.10 |
| Mar 25, 2024 | Mar 28, 2024 | $0.10 |
| Sep 27, 2023 | Sep 29, 2023 | $0.10 |
| Jun 27, 2023 | Jul 3, 2023 | $0.10 |
SPBC Risk
- 16.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.27
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −33.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPBC Cost
- 0.54%