SBIL vs. FOXY
SBIL (Simplify Government Money Market ETF) and FOXY (Simplify Currency Strategy ETF) are both exchange-traded funds - SBIL is a Money Market fund actively managed by Simplify, while FOXY is a Leveraged Currency fund actively managed by Simplify. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. SBIL charges 0.15%/yr vs 0.81%/yr for FOXY.
Performance
SBIL vs. FOXY - Performance Comparison
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Returns By Period
In the year-to-date period, SBIL achieves a 1.51% return, which is significantly lower than FOXY's 11.24% return.
SBIL
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.51%
- 6M
- 1.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FOXY
- 1D
- -0.31%
- 1M
- 1.36%
- YTD
- 11.24%
- 6M
- 7.77%
- 1Y
- 22.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBIL vs. FOXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBIL Simplify Government Money Market ETF | 1.51% | 1.88% |
FOXY Simplify Currency Strategy ETF | 11.24% | 7.45% |
Correlation
The correlation between SBIL and FOXY 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 16, 2025 | -0.11 |
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Return for Risk
SBIL vs. FOXY — Risk / Return Rank
SBIL
FOXY
SBIL vs. FOXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) and Simplify Currency Strategy ETF (FOXY). 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.
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Sharpe Ratios by Period
| SBIL | FOXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 14.15 | 1.35 | +12.79 |
Drawdowns
SBIL vs. FOXY - Drawdown Comparison
The maximum SBIL drawdown since its inception was -0.03%, smaller than the maximum FOXY drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for SBIL and FOXY.
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Drawdown Indicators
| SBIL | FOXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -13.09% | +13.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.32% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.59% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -2.12% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.54% | — |
Volatility
SBIL vs. FOXY - Volatility Comparison
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Volatility by Period
| SBIL | FOXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.42% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.28% | 10.00% | -9.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 15.09% | -14.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.28% | 15.09% | -14.81% |
SBIL vs. FOXY - Expense Ratio Comparison
SBIL has a 0.15% expense ratio, which is lower than FOXY's 0.81% expense ratio.
Dividends
SBIL vs. FOXY - Dividend Comparison
SBIL's dividend yield for the trailing twelve months is around 3.26%, less than FOXY's 8.16% yield.
| Position | TTM | 2025 |
|---|---|---|
FOXY Simplify Currency Strategy ETF | 8.16% | 5.51% |
SBIL Simplify Government Money Market ETF | 3.26% | 1.79% |
Frequently Asked Questions
SBIL and FOXY 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 0.81% for FOXY.
FOXY has the higher dividend yield at 8.16%, compared with 3.26% for SBIL.
SBIL is categorized as Money Market, while FOXY is Leveraged Currency. Their fees differ too: 0.15% for SBIL and 0.81% for FOXY.
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