SBIL vs. BRLN
SBIL (Simplify Government Money Market ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - SBIL is a Money Market fund actively managed by Simplify, while BRLN is a Bank Loan fund actively managed by BlackRock. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. SBIL charges 0.15%/yr vs 0.55%/yr for BRLN.
Performance
SBIL vs. BRLN - Performance Comparison
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Returns By Period
In the year-to-date period, SBIL achieves a 1.68% return, which is significantly higher than BRLN's 1.25% return.
SBIL
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- 1.68%
- 6M
- 1.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRLN
- 1D
- -0.31%
- 1M
- 0.60%
- YTD
- 1.25%
- 6M
- 1.66%
- 1Y
- 4.80%
- 3Y*
- 6.90%
- 5Y*
- —
- 10Y*
- —
SBIL vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBIL Simplify Government Money Market ETF | 1.68% | 1.88% |
BRLN BlackRock Floating Rate Loan ETF | 1.25% | 2.57% |
Correlation
The correlation between SBIL and BRLN 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 Jul 15, 2025 | -0.11 |
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Return for Risk
SBIL vs. BRLN — Risk / Return Rank
SBIL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BRLN
SBIL vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) and BlackRock Floating Rate Loan ETF (BRLN). 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 | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.41 | — |
| Martin ratioReturn relative to average drawdown | — | 9.21 | — |
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Drawdowns
SBIL vs. BRLN - Drawdown Comparison
The maximum SBIL drawdown since its inception was -0.03%, smaller than the maximum BRLN drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for SBIL and BRLN.
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Drawdown Indicators
| SBIL | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -3.85% | +3.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.00% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.85% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.59% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -0.32% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.52% | — |
Volatility
SBIL vs. BRLN - Volatility Comparison
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Volatility by Period
| SBIL | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 3.18% | -2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.27% | 3.75% | -3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 3.75% | -3.48% |
SBIL vs. BRLN - Expense Ratio Comparison
SBIL has a 0.15% expense ratio, which is lower than BRLN's 0.55% expense ratio.
Dividends
SBIL vs. BRLN - Dividend Comparison
SBIL's dividend yield for the trailing twelve months is around 3.25%, less than BRLN's 6.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.36% | 6.50% | 7.87% | 9.06% | 1.48% |
SBIL Simplify Government Money Market ETF | 3.25% | 1.79% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SBIL and BRLN 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.
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 0.55% for BRLN.
BRLN has the higher dividend yield at 6.36%, compared with 3.25% for SBIL.
SBIL is categorized as Money Market, while BRLN is Bank Loan. They also come from different issuers: Simplify and BlackRock. Their fees differ too: 0.15% for SBIL and 0.55% for BRLN.
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