IBMQ vs. SBIL
IBMQ (iShares iBonds Dec 2028 Term Muni Bond ETF) and SBIL (Simplify Government Money Market ETF) are both exchange-traded funds - IBMQ is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 Index, while SBIL is a Money Market fund actively managed by Simplify. IBMQ is passively managed, while SBIL is actively managed. Over the past year, IBMQ returned 2.02% vs 3.85% for SBIL. Their -0.11 correlation means they have often moved in opposite directions in the past. IBMQ charges 0.18%/yr vs 0.15%/yr for SBIL.
Performance
IBMQ vs. SBIL - Performance Comparison
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Returns By Period
In the year-to-date period, IBMQ achieves a 0.90% return, which is significantly lower than SBIL's 2.09% return.
IBMQ
- 1D
- 0.04%
- 1M
- -0.16%
- 6M
- 0.41%
- YTD
- 0.90%
- 1Y
- 2.02%
- 3Y*
- 2.88%
- 5Y*
- 0.35%
- 10Y*
- —
- ALL TIME*
- 1.95%
SBIL
- 1D
- 0.02%
- 1M
- 0.31%
- 6M
- 1.75%
- YTD
- 2.09%
- 1Y
- 3.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.97M | $1.98M | $1.89M | |
| $31.14M | $24.02M | $26.67M |
IBMQ vs. SBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF | 0.90% | 1.68% |
SBIL Simplify Government Money Market ETF | 2.09% | 1.88% |
Correlation
The correlation between IBMQ and SBIL is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | -0.11 |
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Return for Risk
IBMQ vs. SBIL — Risk / Return Rank
IBMQ
SBIL
IBMQ vs. SBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) and Simplify Government Money Market ETF (SBIL). 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.
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.
| IBMQ | SBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.13 | ||
| Sortino ratioReturn per unit of downside risk | -55.53 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 12.98 | -11.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 154.53 | -152.44 |
| Martin ratioReturn relative to average drawdown | 5.46 | 868.15 | -862.69 |
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Drawdowns
IBMQ vs. SBIL - Drawdown Comparison
The maximum IBMQ drawdown since its inception was -15.85%, which is greater than SBIL's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IBMQ and SBIL.
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Drawdown Indicators
| IBMQ | SBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -0.03% | -15.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -0.02% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -2.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.45% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | 0.00% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -3.19% | 0.00% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.00% | +0.43% |
Volatility
IBMQ vs. SBIL - Volatility Comparison
iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) has a higher volatility of 0.37% compared to Simplify Government Money Market ETF (SBIL) at 0.05%. This indicates that IBMQ's price experiences larger fluctuations and is considered to be riskier than SBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBMQ | SBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.05% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 0.18% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 0.26% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 0.26% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 0.26% | +5.23% |
IBMQ vs. SBIL - Expense Ratio Comparison
IBMQ has a 0.18% expense ratio, which is higher than SBIL's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBMQ vs. SBIL - Dividend Comparison
IBMQ's dividend yield for the trailing twelve months is around 2.45%, less than SBIL's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF | 2.24% | 2.43% | 2.33% | 1.93% | 1.25% | 1.05% | 1.24% | 1.03% |
SBIL Simplify Government Money Market ETF | 3.87% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBMQ and SBIL have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBMQ has higher volatility (0.37%) compared to SBIL (0.05%). In terms of maximum drawdown, IBMQ dropped -15.85% vs SBIL's -0.03%.
On 1-year performance, SBIL leads with 3.85% vs 2.02% for IBMQ. On fees, SBIL is cheaper at 0.15% per year. On volatility, SBIL has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SBIL has performed better with a 3.85% return vs 2.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SBIL is cheaper with a 0.15% expense ratio, compared with 0.18% for IBMQ.
SBIL has the higher dividend yield at 3.87%, compared with 2.24% for IBMQ.
IBMQ is categorized as Municipal Bonds, while SBIL is Money Market. They also come from different issuers: iShares and Simplify. Their fees differ too: 0.18% for IBMQ and 0.15% for SBIL.
SBIL currently has the higher Sharpe Ratio (15.08 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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