SBIL vs. BCD
SBIL (Simplify Government Money Market ETF) and BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) are both exchange-traded funds - SBIL is a Money Market fund actively managed by Simplify, while BCD is a Commodities fund tracking the Bloomberg Commodity Index 3 Month Forward Total Return. SBIL is actively managed, while BCD is passively managed. Over the past year, SBIL returned 3.85% vs 28.51% for BCD. Their -0.08 correlation means they have often moved in opposite directions in the past. SBIL charges 0.15%/yr vs 0.30%/yr for BCD.
Performance
SBIL vs. BCD - Performance Comparison
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Returns By Period
In the year-to-date period, SBIL achieves a 2.09% return, which is significantly lower than BCD's 16.41% return.
SBIL
- 1D
- 0.02%
- 1M
- 0.31%
- 6M
- 1.75%
- YTD
- 2.09%
- 1Y
- 3.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.84%
BCD
- 1D
- -0.06%
- 1M
- 5.50%
- 6M
- 7.33%
- YTD
- 16.41%
- 1Y
- 28.51%
- 3Y*
- 10.83%
- 5Y*
- 10.65%
- 10Y*
- —
- ALL TIME*
- 8.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.39M | $1.55M | $2.26M | |
| $31.14M | $24.02M | $26.67M |
SBIL vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBIL Simplify Government Money Market ETF | 2.09% | 1.88% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 16.41% | 7.51% |
Correlation
The correlation between SBIL and BCD is -0.08, 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. | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | -0.08 |
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Return for Risk
SBIL vs. BCD — Risk / Return Rank
SBIL
BCD
SBIL vs. BCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD). 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.
| SBIL | BCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +13.09 | ||
| Sortino ratioReturn per unit of downside risk | +55.75 | ||
| Omega ratioGain probability vs. loss probability | 12.98 | 1.35 | +11.62 |
| Calmar ratioReturn relative to maximum drawdown | 154.53 | 2.22 | +152.31 |
| Martin ratioReturn relative to average drawdown | 868.15 | 7.25 | +860.89 |
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Drawdowns
SBIL vs. BCD - Drawdown Comparison
The maximum SBIL drawdown since its inception was -0.03%, smaller than the maximum BCD drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for SBIL and BCD.
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Drawdown Indicators
| SBIL | BCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -29.81% | +29.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -12.70% | +12.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.03% | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.83% | +6.83% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -9.83% | +9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 3.88% | -3.88% |
Volatility
SBIL vs. BCD - Volatility Comparison
The current volatility for Simplify Government Money Market ETF (SBIL) is 0.05%, while abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) has a volatility of 3.93%. This indicates that SBIL experiences smaller price fluctuations and is considered to be less risky than BCD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBIL | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 3.93% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 11.95% | -11.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.26% | 14.22% | -13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 15.36% | -15.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 13.91% | -13.65% |
SBIL vs. BCD - Expense Ratio Comparison
SBIL has a 0.15% expense ratio, which is lower than BCD's 0.30% expense ratio.
Dividends
SBIL vs. BCD - Dividend Comparison
SBIL's dividend yield for the trailing twelve months is around 3.87%, less than BCD's 14.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 14.79% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% |
SBIL Simplify Government Money Market ETF | 3.87% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SBIL and BCD have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCD has higher volatility (3.93%) compared to SBIL (0.05%). In terms of maximum drawdown, SBIL dropped -0.03% vs BCD's -29.81%.
On 1-year performance, BCD leads with 28.51% vs 3.85% for SBIL. 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, BCD has performed better with a 28.51% return vs 3.85%. 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 0.30% for BCD.
BCD has the higher dividend yield at 14.79%, compared with 3.87% for SBIL.
SBIL is categorized as Money Market, while BCD is Commodities. They also come from different issuers: Simplify and Aberdeen. Their fees differ too: 0.15% for SBIL and 0.30% for BCD.
SBIL currently has the higher Sharpe Ratio (15.08 vs 1.98), 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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