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. At a correlation of -0.10, they often move in opposite directions. 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 0.93% return, which is significantly lower than SBIL's 1.68% return.
IBMQ
- 1D
- 0.00%
- 1M
- 0.52%
- YTD
- 0.93%
- 6M
- 1.12%
- 1Y
- 3.24%
- 3Y*
- 2.84%
- 5Y*
- 0.55%
- 10Y*
- —
SBIL
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- 1.68%
- 6M
- 1.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMQ vs. SBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF | 0.93% | 1.68% |
SBIL Simplify Government Money Market ETF | 1.68% | 1.88% |
Correlation
The correlation between IBMQ and SBIL is -0.10, 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 Jul 15, 2025 | -0.10 |
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Return for Risk
IBMQ vs. SBIL — Risk / Return Rank
IBMQ
SBIL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.57 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | — | — |
| Martin ratioReturn relative to average drawdown | 7.58 | — | — |
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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% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | 0.00% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -0.00% | -3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | — | — |
Volatility
IBMQ vs. SBIL - Volatility Comparison
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Volatility by Period
| IBMQ | SBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.19% | 0.27% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 0.27% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 0.27% | +5.26% |
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 2.44%, less than SBIL's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF | 2.44% | 2.43% | 2.33% | 1.93% | 1.25% | 1.05% | 1.24% | 1.03% |
SBIL Simplify Government Money Market ETF | 3.25% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBMQ and SBIL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SBIL is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SBIL is cheaper with a 0.15% expense ratio, compared with 0.18% for IBMQ.
SBIL has the higher dividend yield at 3.25%, compared with 2.44% 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.
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