HIGH vs. TBIL
Compare and contrast key facts about Simplify Enhanced Income ETF (HIGH) and US Treasury 3 Month Bill ETF (TBIL).
HIGH and TBIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIGH is an actively managed fund by Simplify Asset Management Inc.. It was launched on Oct 27, 2022. TBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US Treasury Bill 3 Month Index. It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIGH or TBIL.
Key characteristics
| HIGH | TBIL | |
|---|---|---|
| YTD Return | 2.80% | 4.73% |
| 1Y Return | 3.77% | 5.47% |
| Sharpe Ratio | 1.09 | 14.58 |
| Sortino Ratio | 1.45 | 79.35 |
| Omega Ratio | 1.28 | 24.15 |
| Calmar Ratio | 1.05 | 271.14 |
| Martin Ratio | 3.00 | 1,240.29 |
| Ulcer Index | 1.18% | 0.00% |
| Daily Std Dev | 3.26% | 0.38% |
| Max Drawdown | -3.39% | -0.10% |
| Current Drawdown | -1.05% | 0.00% |
Correlation
The correlation between HIGH and TBIL is -0.04. 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.
Performance
HIGH vs. TBIL - Performance Comparison
In the year-to-date period, HIGH achieves a 2.80% return, which is significantly lower than TBIL's 4.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
HIGH vs. TBIL - Dividend Comparison
HIGH's dividend yield for the trailing twelve months is around 8.82%, more than TBIL's 5.38% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
HIGH Simplify Enhanced Income ETF | 8.82% | 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.
Volatility
HIGH vs. TBIL - Volatility Comparison
Simplify Enhanced Income ETF (HIGH) has a higher volatility of 0.68% compared to US Treasury 3 Month Bill ETF (TBIL) at 0.09%. 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.