SPBC ETF — Simplify US Equity PLUS Bitcoin Strategy ETF

Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC)

Updated October 16, 2026.

SPBC is an ETF. its distribution rate is 0.80%, its trailing-12-month yield is 0.80%, its expense ratio is 0.54%. Dividend Vision Distribution Safety Score™ is 57/100 (Caution). Total return is 483.8% over the past 16 years, 269.0 points behind SPY at 752.8%.

Simplify US Equity PLUS Bitcoin Strategy ETF combines exposure to U.S. equity securities with bitcoin strategy overlays through direct bitcoin products and bitcoin-linked derivatives, investing at least eighty percent of assets in these holdings. The fund distributes quarterly and carries an expense ratio of 0.54%, with a modest current distribution rate. This ETF may appeal to investors seeking equity market participation alongside cryptocurrency exposure through a single strategy.

SPBC performance versus SPY

Price and return data through 2026-10-16.

Total return is 483.8% over the past 16 years, 269.0 points behind SPY at 752.8%. Over the past year its total return — price change plus distributions reinvested — is 14.2%. Its deepest 1-year drawdown was 12.2%.

SPBC key facts

Distribution Safety Score™

57 · Caution

Safety-Adjusted Yield

0.46%

Issuer

Simplify ETFs

Asset type

ETF

Asset class

Multi-Asset

Inception date

05/24/2021

Expense ratio

0.54%

Distribution rate

0.80%

Distribution frequency

Quarterly

Trailing yield

0.80%

Last close

$49.95 (as of 2026-10-16)

AUM

$43,391,960

Average volume

1500.0

Dividend

$0.10

Ex-dividend date

09/25/2026

Payment date

09/30/2026

Beta

1.1791

How Dividend Vision calculates yield and returns

Distribution rate (0.80%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.80%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Simplify ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SPBC risks and drawbacks

SPBC's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 12.2%.

Who may consider SPBC — and who may not

It is a weaker fit for investors who need monthly cash flow (SPBC pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SPBC

• All tickers starting with S

Tagged: Bitcoin, Crypto, Futures.

Frequently asked questions

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