SBIL vs. BRLN

Last updated Jun 4, 2026

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 -0.14, they often move in opposite directions. SBIL charges 0.15%/yr vs 0.55%/yr for BRLN.

Performance

SBIL vs. BRLN - Performance Comparison

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

Returns By Period

In the year-to-date period, SBIL achieves a 1.51% return, which is significantly higher than BRLN's 1.35% return.

SBIL

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.51%
• 6M: 1.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRLN

• 1D: -0.21%
• 1M: 0.94%
• YTD: 1.35%
• 6M: 2.23%
• 1Y: 5.10%
• 3Y*: 7.36%
• 5Y*: —
• 10Y*: —

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

SBIL vs. BRLN - Yearly Performance Comparison

	2026 (YTD)	2025
SBIL Simplify Government Money Market ETF	1.51%	1.88%
BRLN BlackRock Floating Rate Loan ETF	1.35%	2.58%

Correlation

The correlation between SBIL and BRLN is -0.14, 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 16, 2025	-0.14

Return for Risk

SBIL vs. BRLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRLN

BRLN Risk / Return Rank: 52
BRLN Sharpe Ratio Rank: 48
BRLN Sortino Ratio Rank: 53
BRLN Omega Ratio Rank: 51
BRLN Calmar Ratio Rank: 51
BRLN Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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

Sharpe Ratios by Period

	SBIL	BRLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	14.09	2.19	+11.90

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.

Drawdown Indicators

	SBIL	BRLN	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	-0.21%	+0.21%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.31%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.51%	—

Volatility

Volatility by Period

	SBIL	BRLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.28%	3.06%	-2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.28%	3.73%	-3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.28%	3.73%	-3.45%

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 3.26%, less than BRLN's 6.35% yield.

Position	TTM	2025	2024	2023	2022
BRLN BlackRock Floating Rate Loan ETF	6.35%	6.50%	7.87%	9.06%	1.48%
SBIL Simplify Government Money Market ETF	3.26%	1.79%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SBIL and BRLN in my portfolio?

SBIL and BRLN 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, SBIL or BRLN?

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, SBIL or BRLN?

SBIL is cheaper with a 0.15% expense ratio, compared with 0.55% for BRLN.

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

BRLN has the higher dividend yield at 6.35%, compared with 3.26% for SBIL.

What is the main difference between SBIL and BRLN?

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.