Simplify Government Money Market ETF (SBIL) belongs to the Money Market category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SBIL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SBIL
SBIL charges 0.15% annually. No ETFs in the Money Market category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares GENIUS Money Market ETF | 0.15% | 17.39B | Feb 2026 | SBIL vs IQMM | |
| JPMorgan 100% U.S. Treasury Securities Money Marke... | 0.16% | 70.08M | Dec 2025 | SBIL vs JMMF | |
| State Street Prime Money Market ETF | 0.18% | 28.08M | Feb 2026 | SBIL vs MMK | |
| Texas Capital Government Money Market ETF | 0.20% | 62.65M | Sep 2024 | SBIL vs MMKT | |
| iShares Government Money Market ETF | 0.20% | 185.54M | Feb 2025 | SBIL vs GMMF |
Best Risk-Adjusted Alternatives to SBIL
SBIL has a PortfoliosLab risk / return rank of 100. There are 4 ETFs in the Money Market category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Government Money Market ETF | 100 | 185.54M | Feb 2025 | SBIL vs GMMF | |
| iShares Prime Money Market ETF | 100 | 664.87M | Feb 2025 | SBIL vs PMMF | |
| Schwab Government Money Market ETF | 100 | 860.66M | Jun 2025 | SBIL vs SGVT | |
| Texas Capital Government Money Market ETF | 100 | 62.65M | Sep 2024 | SBIL vs MMKT | |
| Leadershares Alphafactor Tactical Focused ETF | 51 | 61.78M | Oct 2020 | SBIL vs LSAT |
Top Performing SBIL Alternatives (YTD)
SBIL is at 2.09% YTD. There are 2 ETFs in the Money Market category with higher YTD returns, going as high as 16.87%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leadershares Alphafactor Tactical Focused ETF | 16.87% | 61.78M | Oct 2020 | SBIL vs LSAT | |
| iShares Prime Money Market ETF | 2.12% | 664.87M | Feb 2025 | SBIL vs PMMF | |
| iShares Government Money Market ETF | 2.04% | 185.54M | Feb 2025 | SBIL vs GMMF | |
| Texas Capital Government Money Market ETF | 2.03% | 62.65M | Sep 2024 | SBIL vs MMKT | |
| JPMorgan 100% U.S. Treasury Securities Money Marke... | 2.03% | 70.08M | Dec 2025 | SBIL vs JMMF |
Lowest Volatility Alternatives to SBIL
SBIL has 0.26% 1-year volatility. There are 6 ETFs in the Money Market category with lower 1-year volatility, going as low as 0.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Prime Money Market ETF | 0.18% | 28.08M | Feb 2026 | SBIL vs MMK | |
| iShares Prime Money Market ETF | 0.19% | 664.87M | Feb 2025 | SBIL vs PMMF | |
| iShares Government Money Market ETF | 0.20% | 185.54M | Feb 2025 | SBIL vs GMMF | |
| Texas Capital Government Money Market ETF | 0.22% | 62.65M | Sep 2024 | SBIL vs MMKT | |
| Schwab Government Money Market ETF | 0.22% | 860.66M | Jun 2025 | SBIL vs SGVT |
Lowest Drawdown Alternatives to SBIL
SBIL has a 1-year max drawdown of -0.02%. There is 1 ETF in the Money Market category with a shallower 1-year drawdown, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Government Money Market ETF | -0.01% | 185.54M | Feb 2025 | SBIL vs GMMF | |
| Texas Capital Government Money Market ETF | -0.02% | 62.65M | Sep 2024 | SBIL vs MMKT | |
| iShares Prime Money Market ETF | -0.02% | 664.87M | Feb 2025 | SBIL vs PMMF | |
| Schwab Government Money Market ETF | -0.03% | 860.66M | Jun 2025 | SBIL vs SGVT | |
| Columbia Multi-Sector Municipal Income ETF | -3.01% | 586.35M | Oct 2018 | SBIL vs MUST |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, HEQT and span 15 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | Volatility | 38 | 1.82% | 523.04M | May 2021 | SBIL vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 15 | 2.94% | 1.56B | Mar 2022 | SBIL vs CTA | |
| Simplify Hedged Equity ETF | Equity Hedged, Options Trading, Actively Managed | 77 | 5.74% | 296.16M | Nov 2021 | SBIL vs HEQT | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 95 | 2.42% | 489.70M | Oct 2022 | SBIL vs BUCK | |
| Simplify Bitcoin Strategy PLUS Income ETF | Cryptocurrency, Derivative Income | 1 | -36.57% | 24.53M | Sep 2022 | SBIL vs MAXI | |
| Simplify Interest Rate Hedge ETF | Inverse Bonds, Nontraditional Bonds | 13 | 10.66% | 182.81M | May 2021 | SBIL vs PFIX | |
| Simplify High Yield ETF | High Yield Bonds | 4 | -3.00% | 377.28M | Feb 2022 | SBIL vs CDX | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 8 | -1.00% | 66.82M | Oct 2022 | SBIL vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 39 | -0.43% | 574.10M | Feb 2022 | SBIL vs AGGH | |
| Simplify MBS ETF | Mortgage Backed Securities | 37 | -0.64% | 1.49B | Nov 2023 | SBIL vs MTBA |
Often Compared With SBIL
Investors most often compare SBIL with TUA, BIL, BOXX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare SBIL with Any Fund or Stock
Compare SBIL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SBIL with funds that move differently
Simplify Government Money Market ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SBIL.
Explore SBIL Diversifiers