SBIL vs. FTGC
SBIL (Simplify Government Money Market ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both exchange-traded funds - SBIL is a Money Market fund actively managed by Simplify, while FTGC is a Commodities fund actively managed by First Trust. Both are actively managed. Over the past year, SBIL returned 3.85% vs 39.60% for FTGC. Their -0.07 correlation means they have often moved in opposite directions in the past. SBIL charges 0.15%/yr vs 0.95%/yr for FTGC.
Performance
SBIL vs. FTGC - Performance Comparison
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Returns By Period
In the year-to-date period, SBIL achieves a 2.09% return, which is significantly lower than FTGC's 27.22% return.
SBIL
- 1D
- 0.02%
- 1M
- 0.31%
- 6M
- 1.75%
- YTD
- 2.09%
- 1Y
- 3.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.84%
FTGC
- 1D
- 0.03%
- 1M
- 6.75%
- 6M
- 16.44%
- YTD
- 27.22%
- 1Y
- 39.60%
- 3Y*
- 14.53%
- 5Y*
- 12.93%
- 10Y*
- 8.01%
- ALL TIME*
- 3.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.55M | $14.47M | $23.37M | |
| $31.14M | $24.02M | $26.67M |
SBIL vs. FTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBIL Simplify Government Money Market ETF | 2.09% | 1.88% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 27.22% | 7.32% |
Correlation
The correlation between SBIL and FTGC is -0.07, 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. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | -0.07 |
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Return for Risk
SBIL vs. FTGC — Risk / Return Rank
SBIL
FTGC
SBIL vs. FTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) and First Trust Global Tactical Commodity Strategy Fund (FTGC). 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 | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.64 | ||
| Sortino ratioReturn per unit of downside risk | +55.16 | ||
| Omega ratioGain probability vs. loss probability | 12.98 | 1.42 | +11.55 |
| Calmar ratioReturn relative to maximum drawdown | 154.53 | 3.14 | +151.40 |
| Martin ratioReturn relative to average drawdown | 868.15 | 10.32 | +857.82 |
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Drawdowns
SBIL vs. FTGC - Drawdown Comparison
The maximum SBIL drawdown since its inception was -0.03%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for SBIL and FTGC.
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Drawdown Indicators
| SBIL | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -59.47% | +59.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -12.34% | +12.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.60% | +4.60% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -27.17% | +27.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 3.75% | -3.75% |
Volatility
SBIL vs. FTGC - Volatility Comparison
The current volatility for Simplify Government Money Market ETF (SBIL) is 0.05%, while First Trust Global Tactical Commodity Strategy Fund (FTGC) has a volatility of 4.34%. This indicates that SBIL experiences smaller price fluctuations and is considered to be less risky than FTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBIL | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 4.34% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 13.35% | -13.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.26% | 15.87% | -15.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 15.71% | -15.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 14.73% | -14.47% |
SBIL vs. FTGC - Expense Ratio Comparison
SBIL has a 0.15% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
SBIL vs. FTGC - Dividend Comparison
SBIL's dividend yield for the trailing twelve months is around 3.87%, less than FTGC's 15.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.23% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
SBIL Simplify Government Money Market ETF | 3.87% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SBIL and FTGC have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTGC has higher volatility (4.34%) compared to SBIL (0.05%). In terms of maximum drawdown, SBIL dropped -0.03% vs FTGC's -59.47%.
On 1-year performance, FTGC leads with 39.60% 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.
Over the 1-year period, FTGC has performed better with a 39.60% return vs 3.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SBIL is cheaper with a 0.15% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 15.23%, compared with 3.87% for SBIL.
SBIL is categorized as Money Market, while FTGC is Commodities. They also come from different issuers: Simplify and First Trust. Their fees differ too: 0.15% for SBIL and 0.95% for FTGC.
SBIL currently has the higher Sharpe Ratio (15.08 vs 2.44), 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.
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