SBIL vs. CTA

Last updated Aug 1, 2026

SBIL (Simplify Government Money Market ETF) and CTA (Simplify Managed Futures Strategy ETF) are both exchange-traded funds - SBIL is a Money Market fund actively managed by Simplify, while CTA is a Systematic Trend fund actively managed by Simplify. Both are actively managed. Over the past year, SBIL returned 3.85% vs 7.76% for CTA. Their 0.00 correlation means their historical movements had little consistent relationship. SBIL charges 0.15%/yr vs 0.78%/yr for CTA.

Performance

SBIL vs. CTA - Performance Comparison

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

Returns By Period

In the year-to-date period, SBIL achieves a 2.09% return, which is significantly lower than CTA's 2.94% return.

SBIL

• 1D: 0.02%
• 1M: 0.31%
• 6M: 1.75%
• YTD: 2.09%
• 1Y: 3.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.84%

CTA

• 1D: 0.41%
• 1M: 6.16%
• 6M: -0.31%
• YTD: 2.94%
• 1Y: 7.76%
• 3Y*: 8.35%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CTA Simplify Managed Futures Strategy ETF	$11.61M	$12.21M	$14.75M
SBIL Simplify Government Money Market ETF	$31.14M	$24.02M	$26.67M

SBIL vs. CTA - Yearly Performance Comparison

	2026 (YTD)	2025
SBIL Simplify Government Money Market ETF	2.09%	1.88%
CTA Simplify Managed Futures Strategy ETF	2.94%	0.84%

Correlation

The correlation between SBIL and CTA is 0.02, 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.	0.02
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.00

Return for Risk

SBIL vs. CTA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SBIL

SBIL Risk / Return Rank: 100
SBIL Sharpe Ratio Rank: 100
SBIL Sortino Ratio Rank: 100
SBIL Omega Ratio Rank: 100
SBIL Calmar Ratio Rank: 100
SBIL Martin Ratio Rank: 100

CTA

CTA Risk / Return Rank: 15
CTA Sharpe Ratio Rank: 15
CTA Sortino Ratio Rank: 15
CTA Omega Ratio Rank: 15
CTA Calmar Ratio Rank: 14
CTA Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SBIL vs. CTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) and Simplify Managed Futures Strategy ETF (CTA). 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	CTA	Difference
Sharpe ratio: Return per unit of total volatility	15.08	0.19	+14.89
Sortino ratio: Return per unit of downside risk	58.38	0.39	+57.98
Omega ratio: Gain probability vs. loss probability	12.98	1.05	+11.93
Calmar ratio: Return relative to maximum drawdown	154.53	0.20	+154.33
Martin ratio: Return relative to average drawdown	868.15	0.53	+867.61

SBIL vs. CTA - Sharpe Ratio Comparison

The current SBIL Sharpe Ratio is 15.08, which is higher than the CTA Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of SBIL and CTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SBIL vs. CTA - Drawdown Comparison

The maximum SBIL drawdown since its inception was -0.03%, smaller than the maximum CTA drawdown of -20.44%. Use the drawdown chart below to compare losses from any high point for SBIL and CTA.

Drawdown Indicators

	SBIL	CTA	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	-20.44%	+20.41%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-20.44%	+20.42%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.44%	—
Current Drawdown Current decline from peak	0.00%	-15.54%	+15.54%
Average Drawdown Average peak-to-trough decline	0.00%	-6.06%	+6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	7.61%	-7.61%

Volatility

SBIL vs. CTA - Volatility Comparison

The current volatility for Simplify Government Money Market ETF (SBIL) is 0.05%, while Simplify Managed Futures Strategy ETF (CTA) has a volatility of 8.38%. This indicates that SBIL experiences smaller price fluctuations and is considered to be less risky than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBIL	CTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.05%	8.38%	-8.33%
Volatility (6M) Calculated over the trailing 6-month period	0.18%	19.10%	-18.92%
Volatility (1Y) Calculated over the trailing 1-year period	0.26%	21.74%	-21.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.26%	16.92%	-16.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.26%	16.92%	-16.66%

SBIL vs. CTA - Expense Ratio Comparison

SBIL has a 0.15% expense ratio, which is lower than CTA's 0.78% expense ratio.

Dividends

SBIL vs. CTA - Dividend Comparison

SBIL's dividend yield for the trailing twelve months is around 3.87%, less than CTA's 5.38% yield.

Position	TTM	2025	2024	2023	2022
CTA Simplify Managed Futures Strategy ETF	5.38%	3.19%	4.80%	7.78%	6.58%
SBIL Simplify Government Money Market ETF	3.87%	1.79%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SBIL and CTA in my portfolio?

SBIL and CTA have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBIL or CTA?

CTA has higher volatility (8.38%) compared to SBIL (0.05%). In terms of maximum drawdown, SBIL dropped -0.03% vs CTA's -20.44%.

Which ETF is better, SBIL or CTA?

On 1-year performance, CTA leads with 7.76% 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.

Which ETF has performed better, SBIL or CTA?

Over the 1-year period, CTA has performed better with a 7.76% return vs 3.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SBIL or CTA?

SBIL is cheaper with a 0.15% expense ratio, compared with 0.78% for CTA.

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

CTA has the higher dividend yield at 5.38%, compared with 3.87% for SBIL.

What is the main difference between SBIL and CTA?

SBIL is categorized as Money Market, while CTA is Systematic Trend. Their fees differ too: 0.15% for SBIL and 0.78% for CTA.

Which has better risk-adjusted returns?

SBIL currently has the higher Sharpe Ratio (15.08 vs 0.19), 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.