SBIL vs. LSAT
SBIL (Simplify Government Money Market ETF) and LSAT (Leadershares Alphafactor Tactical Focused ETF) are both Money Market funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. SBIL charges 0.15%/yr vs 0.99%/yr for LSAT.
Performance
SBIL vs. LSAT - Performance Comparison
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Returns By Period
In the year-to-date period, SBIL achieves a 1.66% return, which is significantly lower than LSAT's 9.79% return.
SBIL
- 1D
- 0.00%
- 1M
- 0.24%
- YTD
- 1.66%
- 6M
- 1.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LSAT
- 1D
- -0.23%
- 1M
- -0.48%
- YTD
- 9.79%
- 6M
- 8.01%
- 1Y
- 10.52%
- 3Y*
- 11.86%
- 5Y*
- 6.45%
- 10Y*
- —
SBIL vs. LSAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBIL Simplify Government Money Market ETF | 1.66% | 1.88% |
LSAT Leadershares Alphafactor Tactical Focused ETF | 9.79% | -1.72% |
Correlation
The correlation between SBIL and LSAT is 0.07, 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 | 0.07 |
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Return for Risk
SBIL vs. LSAT — Risk / Return Rank
SBIL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LSAT
SBIL vs. LSAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) and Leadershares Alphafactor Tactical Focused ETF (LSAT). 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 | LSAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.33 | — |
| Martin ratioReturn relative to average drawdown | — | 3.12 | — |
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Drawdowns
SBIL vs. LSAT - Drawdown Comparison
The maximum SBIL drawdown since its inception was -0.03%, smaller than the maximum LSAT drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for SBIL and LSAT.
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Drawdown Indicators
| SBIL | LSAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -20.48% | +20.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.94% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.48% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.96% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -5.51% | +5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.38% | — |
Volatility
SBIL vs. LSAT - Volatility Comparison
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Volatility by Period
| SBIL | LSAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 12.91% | -12.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.27% | 16.25% | -15.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 16.75% | -16.48% |
SBIL vs. LSAT - Expense Ratio Comparison
SBIL has a 0.15% expense ratio, which is lower than LSAT's 0.99% expense ratio.
Dividends
SBIL vs. LSAT - Dividend Comparison
SBIL's dividend yield for the trailing twelve months is around 3.25%, more than LSAT's 1.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.73% | 1.90% | 1.31% | 1.85% | 0.36% | 3.44% | 0.30% |
SBIL Simplify Government Money Market ETF | 3.25% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SBIL and LSAT 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.
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 0.99% for LSAT.
SBIL has the higher dividend yield at 3.25%, compared with 1.73% for LSAT.
They also come from different issuers: Simplify and Redwood. Their fees differ too: 0.15% for SBIL and 0.99% for LSAT.
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