SBIL vs. CTA
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 -0.02, they often move in opposite directions. SBIL charges 0.15%/yr vs 0.78%/yr for CTA.
Performance
SBIL vs. CTA - 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 CTA's 0.24% return.
SBIL
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- 1.68%
- 6M
- 1.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CTA
- 1D
- -1.04%
- 1M
- -12.64%
- YTD
- 0.24%
- 6M
- -0.16%
- 1Y
- 2.63%
- 3Y*
- 7.91%
- 5Y*
- —
- 10Y*
- —
SBIL vs. CTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBIL Simplify Government Money Market ETF | 1.68% | 1.88% |
CTA Simplify Managed Futures Strategy ETF | 0.24% | 0.84% |
Correlation
The correlation between SBIL and CTA is -0.02, 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 15, 2025 | -0.02 |
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Return for Risk
SBIL vs. CTA — Risk / Return Rank
SBIL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CTA
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.04 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.15 | — |
| Martin ratioReturn relative to average drawdown | — | 0.51 | — |
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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.
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Drawdown Indicators
| SBIL | CTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -18.07% | +18.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.75% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.75% | — |
Current DrawdownCurrent decline from peak | 0.00% | -17.75% | +17.75% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -5.77% | +5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.13% | — |
Volatility
SBIL vs. CTA - Volatility Comparison
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Volatility by Period
| SBIL | CTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 20.39% | -20.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.27% | 16.62% | -16.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 16.62% | -16.35% |
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 3.25%, less than CTA's 5.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 5.43% | 3.19% | 4.80% | 7.78% | 6.58% |
SBIL Simplify Government Money Market ETF | 3.25% | 1.79% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
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.
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 0.78% for CTA.
CTA has the higher dividend yield at 5.43%, compared with 3.25% for SBIL.
SBIL is categorized as Money Market, while CTA is Systematic Trend. Their fees differ too: 0.15% for SBIL and 0.78% for CTA.
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