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HIGH vs. TBIL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

HIGH vs. TBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Enhanced Income ETF (HIGH) and US Treasury 3 Month Bill ETF (TBIL). The values are adjusted to include any dividend payments, if applicable.

-2.00%-1.00%0.00%1.00%2.00%JuneJulyAugustSeptemberOctoberNovember
0.32%
2.44%
HIGH
TBIL

Returns By Period

In the year-to-date period, HIGH achieves a 3.19% return, which is significantly lower than TBIL's 4.80% return.


HIGH

YTD

3.19%

1M

1.02%

6M

0.32%

1Y

4.10%

5Y (annualized)

N/A

10Y (annualized)

N/A

TBIL

YTD

4.80%

1M

0.36%

6M

2.51%

1Y

5.41%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


HIGHTBIL
Sharpe Ratio1.2114.58
Sortino Ratio1.6178.99
Omega Ratio1.3124.05
Calmar Ratio1.20270.10
Martin Ratio3.411,234.62
Ulcer Index1.19%0.00%
Daily Std Dev3.36%0.37%
Max Drawdown-3.39%-0.10%
Current Drawdown-0.67%0.00%

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HIGH vs. TBIL - Expense Ratio Comparison

HIGH has a 0.51% expense ratio, which is higher than TBIL's 0.15% expense ratio.


HIGH
Simplify Enhanced Income ETF
Expense ratio chart for HIGH: current value at 0.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.51%
Expense ratio chart for TBIL: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.0-0.1

The correlation between HIGH and TBIL is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Risk-Adjusted Performance

HIGH vs. TBIL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) and US Treasury 3 Month Bill ETF (TBIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for HIGH, currently valued at 1.21, compared to the broader market0.002.004.001.2114.46
The chart of Sortino ratio for HIGH, currently valued at 1.61, compared to the broader market-2.000.002.004.006.008.0010.001.6178.40
The chart of Omega ratio for HIGH, currently valued at 1.31, compared to the broader market0.501.001.502.002.503.001.3123.87
The chart of Calmar ratio for HIGH, currently valued at 1.20, compared to the broader market0.005.0010.0015.001.20268.01
The chart of Martin ratio for HIGH, currently valued at 3.41, compared to the broader market0.0020.0040.0060.0080.00100.003.411,225.09
HIGH
TBIL

The current HIGH Sharpe Ratio is 1.21, which is lower than the TBIL Sharpe Ratio of 14.58. The chart below compares the historical Sharpe Ratios of HIGH and TBIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.005.0010.0015.00JuneJulyAugustSeptemberOctoberNovember
1.21
14.46
HIGH
TBIL

Dividends

HIGH vs. TBIL - Dividend Comparison

HIGH's dividend yield for the trailing twelve months is around 8.78%, more than TBIL's 5.38% yield.


TTM20232022
HIGH
Simplify Enhanced Income ETF
8.78%9.39%0.62%
TBIL
US Treasury 3 Month Bill ETF
5.38%5.00%1.10%

Drawdowns

HIGH vs. TBIL - Drawdown Comparison

The maximum HIGH drawdown since its inception was -3.39%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for HIGH and TBIL. For additional features, visit the drawdowns tool.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.67%
0
HIGH
TBIL

Volatility

HIGH vs. TBIL - Volatility Comparison

Simplify Enhanced Income ETF (HIGH) has a higher volatility of 1.09% compared to US Treasury 3 Month Bill ETF (TBIL) at 0.10%. This indicates that HIGH's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%2.50%JuneJulyAugustSeptemberOctoberNovember
1.09%
0.10%
HIGH
TBIL