IBDW vs. SDMF

Last updated Jun 4, 2026

IBDW (iShares iBonds Dec 2031 Term Corporate ETF) and SDMF (Simplify DBi CTA Managed Futures Index ETF) are both exchange-traded funds - IBDW is a Corporate Bonds fund tracking the Bloomberg December 2031 Maturity Corporate Index, while SDMF is a Systematic Trend fund tracking the DBi CTA Managed Futures Index. Both are passively managed. At a correlation of -0.11, they often move in opposite directions. IBDW charges 0.10%/yr vs 0.35%/yr for SDMF.

Performance

IBDW vs. SDMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2031 Term Corporate ETF (IBDW) and Simplify DBi CTA Managed Futures Index ETF (SDMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBDW

• 1D: -0.10%
• 1M: 0.11%
• YTD: 0.14%
• 6M: 0.26%
• 1Y: 5.40%
• 3Y*: 5.87%
• 5Y*: —
• 10Y*: —

SDMF

• 1D: 0.09%
• 1M: 2.33%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBDW vs. SDMF - Yearly Performance Comparison

	2026 (YTD)
IBDW iShares iBonds Dec 2031 Term Corporate ETF	-0.85%
SDMF Simplify DBi CTA Managed Futures Index ETF	3.37%

Correlation

The correlation between IBDW and SDMF is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 20, 2026	-0.11

Return for Risk

IBDW vs. SDMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBDW

IBDW Risk / Return Rank: 46
IBDW Sharpe Ratio Rank: 45
IBDW Sortino Ratio Rank: 49
IBDW Omega Ratio Rank: 44
IBDW Calmar Ratio Rank: 46
IBDW Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBDW vs. SDMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Corporate ETF (IBDW) and Simplify DBi CTA Managed Futures Index ETF (SDMF). 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.

	IBDW	SDMF	Difference
Sharpe ratio: Return per unit of total volatility	1.54	—	—
Sortino ratio: Return per unit of downside risk	2.34	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.24	—	—
Martin ratio: Return relative to average drawdown	7.54	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBDW	SDMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.93	-0.87

Drawdowns

IBDW vs. SDMF - Drawdown Comparison

The maximum IBDW drawdown since its inception was -23.87%, which is greater than SDMF's maximum drawdown of -6.23%. Use the drawdown chart below to compare losses from any high point for IBDW and SDMF.

Drawdown Indicators

	IBDW	SDMF	Difference
Max Drawdown Largest peak-to-trough decline	-23.87%	-6.23%	-17.64%
Max Drawdown (1Y) Largest decline over 1 year	-2.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.61%	—	—
Current Drawdown Current decline from peak	-1.13%	0.00%	-1.13%
Average Drawdown Average peak-to-trough decline	-9.47%	-2.26%	-7.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	—	—

Volatility

Volatility by Period

	IBDW	SDMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	13.27%	-9.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	13.27%	-6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.26%	13.27%	-6.01%

IBDW vs. SDMF - Expense Ratio Comparison

IBDW has a 0.10% expense ratio, which is lower than SDMF's 0.35% expense ratio.

Dividends

IBDW vs. SDMF - Dividend Comparison

IBDW's dividend yield for the trailing twelve months is around 4.79%, while SDMF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
IBDW iShares iBonds Dec 2031 Term Corporate ETF	4.79%	4.78%	5.00%	4.50%	3.70%	1.10%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBDW and SDMF in my portfolio?

IBDW and SDMF have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBDW or SDMF?

On fees, IBDW is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBDW or SDMF?

IBDW is cheaper with a 0.10% expense ratio, compared with 0.35% for SDMF.

Which ETF pays a higher dividend yield, IBDW or SDMF?

IBDW has the higher dividend yield at 4.79%, compared with 0.00% for SDMF.

What is the main difference between IBDW and SDMF?

IBDW is categorized as Corporate Bonds, while SDMF is Systematic Trend. IBDW tracks Bloomberg December 2031 Maturity Corporate Index, while SDMF tracks DBi CTA Managed Futures Index. They also come from different issuers: iShares and Simplify. Their fees differ too: 0.10% for IBDW and 0.35% for SDMF.