RMME vs. SBIL

Last updated Jun 24, 2026

RMME (Rareview Government Money Market ETF) and SBIL (Simplify Government Money Market ETF) are both Money Market funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. RMME charges 0.30%/yr vs 0.15%/yr for SBIL.

Performance

RMME vs. SBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rareview Government Money Market ETF (RMME) and Simplify Government Money Market ETF (SBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMME achieves a 1.56% return, which is significantly lower than SBIL's 1.68% return.

RMME

• 1D: -0.00%
• 1M: 0.25%
• YTD: 1.56%
• 6M: 1.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBIL

• 1D: 0.01%
• 1M: 0.25%
• YTD: 1.68%
• 6M: 1.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RMME vs. SBIL - Yearly Performance Comparison

	2026 (YTD)	2025
RMME Rareview Government Money Market ETF	1.56%	0.29%
SBIL Simplify Government Money Market ETF	1.68%	0.31%

Correlation

The correlation between RMME and SBIL is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.14

Return for Risk

RMME vs. SBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rareview Government Money Market ETF (RMME) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

RMME vs. SBIL - Drawdown Comparison

The maximum RMME drawdown since its inception was -0.17%, which is greater than SBIL's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for RMME and SBIL.

Drawdown Indicators

	RMME	SBIL	Difference
Max Drawdown Largest peak-to-trough decline	-0.17%	-0.03%	-0.14%
Current Drawdown Current decline from peak	-0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.00%	0.00%

Volatility

Volatility by Period

	RMME	SBIL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.43%	0.27%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.43%	0.27%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.43%	0.27%	+0.16%

RMME vs. SBIL - Expense Ratio Comparison

RMME has a 0.30% expense ratio, which is higher than SBIL's 0.15% expense ratio.

Dividends

RMME vs. SBIL - Dividend Comparison

RMME's dividend yield for the trailing twelve months is around 1.60%, less than SBIL's 3.25% yield.

Position	TTM	2025
RMME Rareview Government Money Market ETF	1.60%	0.26%
SBIL Simplify Government Money Market ETF	3.25%	1.79%

Frequently Asked Questions

Can I hold both RMME and SBIL in my portfolio?

RMME and SBIL have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RMME or SBIL?

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.

Which ETF is cheaper, RMME or SBIL?

SBIL is cheaper with a 0.15% expense ratio, compared with 0.30% for RMME.

Which ETF pays a higher dividend yield, RMME or SBIL?

SBIL has the higher dividend yield at 3.25%, compared with 1.60% for RMME.

What is the main difference between RMME and SBIL?

They also come from different issuers: Rareview and Simplify. Their fees differ too: 0.30% for RMME and 0.15% for SBIL.