The Alpha DAC 2 definitely doesn't have the dynamic punch of the Simaudio, particularly in the bass. The Sim is pretty spectacular in that regard. The Sim is also pretty special in terms of the soundstage - it is absolutely enormous - deep, wide, tall with an almost 3 dimensional portrayal of the performers within the soundstage. Totally, though, the Alpha DAC 2 seems more natural and neutral which makes instruments sound more lifelike. The Sim can sometimes be a little thin in the lower midrange/upper bass which can "take a little of the meat off the bone" of instruments, so to speak.