SBIL vs. CTA

Last updated Jun 3, 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. At a correlation of -0.04, they often move in opposite directions. 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 1.51% return, which is significantly lower than CTA's 11.70% return.

SBIL

• 1D: 0.02%
• 1M: 0.31%
• YTD: 1.51%
• 6M: 1.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTA

• 1D: 0.54%
• 1M: -6.72%
• YTD: 11.70%
• 6M: 12.40%
• 1Y: 15.29%
• 3Y*: 11.59%
• 5Y*: —
• 10Y*: —

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

SBIL vs. CTA - Yearly Performance Comparison

	2026 (YTD)	2025
SBIL Simplify Government Money Market ETF	1.51%	1.88%
CTA Simplify Managed Futures Strategy ETF	11.70%	0.40%

Correlation

The correlation between SBIL and CTA is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	-0.04

Return for Risk

SBIL vs. CTA — Risk / Return Rank

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

CTA

CTA Risk / Return Rank: 24
CTA Sharpe Ratio Rank: 22
CTA Sortino Ratio Rank: 21
CTA Omega Ratio Rank: 23
CTA Calmar Ratio Rank: 29
CTA Martin Ratio Rank: 26

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. 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.

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

Sharpe Ratios by Period

	SBIL	CTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	14.15	0.61	+13.54

Drawdowns

SBIL vs. CTA - Drawdown Comparison

The maximum SBIL drawdown since its inception was -0.03%, smaller than the maximum CTA drawdown of -18.07%. 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%	-18.07%	+18.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.23%	—
Current Drawdown Current decline from peak	0.00%	-8.35%	+8.35%
Average Drawdown Average peak-to-trough decline	-0.00%	-5.67%	+5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.16%	—

Volatility

Volatility by Period

	SBIL	CTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.28%	20.12%	-19.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.28%	16.59%	-16.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.28%	16.59%	-16.31%

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 3.26%, less than CTA's 4.88% yield.

Position	TTM	2025	2024	2023	2022
CTA Simplify Managed Futures Strategy ETF	4.88%	3.19%	4.80%	7.78%	6.58%
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 CTA in my portfolio?

SBIL and CTA have a correlation of -0.04, 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 CTA?

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 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 4.88%, compared with 3.26% 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.