- Issuer
- Simplify
- Inception Date
- Jul 14, 2025
- Category
- Money Market
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $5B
Highlights
- Avg. Volume (1M)
- 240K
- Avg. Volume Value (1M)
- $24.02M
Share Price Chart
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Performance
SBIL Performance Chart
Simplify Government Money Market ETF (SBIL) is up 2.1% since the beginning of the year. SBIL is currently trading at $100 per share.
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Returns By Period
Simplify Government Money Market ETF (SBIL) has returned 2.09% so far this year and 3.85% over the past 12 months.
Simplify Government Money Market ETF
- 1D
- 0.02%
- 1M
- 0.31%
- 6M
- 1.75%
- YTD
- 2.09%
- 1Y
- 3.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.84%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SBIL Monthly Returns History
Based on dividend-adjusted daily data since Jul 15, 2025, SBIL's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 100% of months were positive and 0% were negative. The best month was Aug 2025 with a return of +0.4%, while the worst month was Jul 2025 at 0.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 0 months.
On a daily basis, SBIL closed higher 76% of trading days. The best single day was Aug 22, 2025 with a return of +0.1%, while the worst single day was Jul 29, 2025 at -0.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.33% | 0.25% | 0.27% | 0.31% | 0.30% | 0.27% | 0.33% | 2.09% | |||||
| 2025 | 0.16% | 0.38% | 0.35% | 0.35% | 0.33% | 0.30% | 1.88% |
Benchmark Metrics
Simplify Government Money Market ETF has an annualized alpha of 3.78%, beta of 0.00, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since July 15, 2025.
- This ETF captured 8.33% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -21.63%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.78%
- Beta
- 0.00
- R²
- 0.01
- Upside Capture
- 8.33%
- Downside Capture
- -21.63%
Expense Ratio
SBIL has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
SBIL ranks 100 for risk / return — above 100% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SBIL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +13.66 | ||
| Sortino ratioReturn per unit of downside risk | +56.40 | ||
| Omega ratioGain probability vs. loss probability | 12.98 | 1.25 | +11.72 |
| Calmar ratioReturn relative to maximum drawdown | 154.53 | 2.00 | +152.53 |
| Martin ratioReturn relative to average drawdown | 868.15 | 8.49 | +859.66 |
Dividends
Dividend History
Simplify Government Money Market ETF provided a 3.87% dividend yield over the last twelve months, with an annual payout of $3.87 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $3.87 | $1.79 |
Dividend yield | 3.87% | 1.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Government Money Market ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.32 | $0.30 | $0.27 | $0.30 | $0.28 | $0.30 | $0.31 | $2.08 | |||||
| 2025 | $0.47 | $0.35 | $0.34 | $0.27 | $0.36 | $1.79 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify Government Money Market ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Simplify Government Money Market ETF was 0.03%, occurring on Jul 29, 2025. Recovery took 2 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-0.03%Jul 2025 | 1d | 2d | 2dJul 2025 - Jul 2025 | — |
-0.02%Apr 2026 | 1d | 1d | 1dApr 2026 - Apr 2026 | — |
-0.02%May 2026 | 1d | 1d | 1dMay 2026 - May 2026 | — |
-0.02%May 2026 | 1d | 1d | 1dMay 2026 - May 2026 | — |
-0.02%Nov 2025 | 1d | 2d | 3dNov 2025 - Nov 2025 | — |
Drawdown Indicators
| SBIL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -56.78% | +56.75% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -9.10% | +9.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -10.70% | +10.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.14% | -2.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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