SBIL vs. ISCMF
SBIL (Simplify Government Money Market ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - SBIL is a Money Market fund actively managed by Simplify, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. SBIL is actively managed, while ISCMF is passively managed. Over the past year, SBIL returned 3.85% vs 21.66% for ISCMF. Their -0.09 correlation means they have often moved in opposite directions in the past. SBIL charges 0.15%/yr vs 0.19%/yr for ISCMF.
Performance
SBIL vs. ISCMF - 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 ISCMF's 11.96% return.
SBIL
- 1D
- 0.02%
- 1M
- 0.31%
- 6M
- 1.75%
- YTD
- 2.09%
- 1Y
- 3.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.84%
ISCMF
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.00%
- YTD
- 11.96%
- 1Y
- 21.66%
- 3Y*
- 10.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $9.78K | $53.76K | |
| $31.14M | $24.02M | $26.67M |
SBIL vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBIL Simplify Government Money Market ETF | 2.09% | 1.88% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 11.96% | 9.46% |
Correlation
The correlation between SBIL and ISCMF is -0.06, 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. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | -0.09 |
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Return for Risk
SBIL vs. ISCMF — Risk / Return Rank
SBIL
ISCMF
SBIL vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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 | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +13.97 | ||
| Sortino ratioReturn per unit of downside risk | +56.60 | ||
| Omega ratioGain probability vs. loss probability | 12.98 | 1.81 | +11.17 |
| Calmar ratioReturn relative to maximum drawdown | 154.53 | 1.59 | +152.94 |
| Martin ratioReturn relative to average drawdown | 868.15 | 4.79 | +863.36 |
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Drawdowns
SBIL vs. ISCMF - Drawdown Comparison
The maximum SBIL drawdown since its inception was -0.03%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for SBIL and ISCMF.
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Drawdown Indicators
| SBIL | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -25.42% | +25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -13.68% | +13.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.68% | — |
Current DrawdownCurrent decline from peak | 0.00% | -13.68% | +13.68% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -13.31% | +13.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 4.53% | -4.53% |
Volatility
SBIL vs. ISCMF - Volatility Comparison
The current volatility for Simplify Government Money Market ETF (SBIL) is 0.05%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 9.30%. This indicates that SBIL experiences smaller price fluctuations and is considered to be less risky than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBIL | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 9.30% | -9.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 17.32% | -17.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.26% | 19.57% | -19.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 14.74% | -14.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 14.74% | -14.48% |
SBIL vs. ISCMF - Expense Ratio Comparison
SBIL has a 0.15% expense ratio, which is lower than ISCMF's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SBIL vs. ISCMF - Dividend Comparison
SBIL's dividend yield for the trailing twelve months is around 3.87%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% |
SBIL Simplify Government Money Market ETF | 3.87% | 1.79% |
Frequently Asked Questions
SBIL and ISCMF have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (9.30%) compared to SBIL (0.05%). In terms of maximum drawdown, SBIL dropped -0.03% vs ISCMF's -25.42%.
On 1-year performance, ISCMF leads with 21.66% 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, ISCMF has performed better with a 21.66% 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 0.19% for ISCMF.
SBIL has the higher dividend yield at 3.87%, compared with 0.00% for ISCMF.
SBIL is categorized as Money Market, while ISCMF is Commodities. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.15% for SBIL and 0.19% for ISCMF.
SBIL currently has the higher Sharpe Ratio (15.08 vs 1.11), 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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