SBIL vs. MUST
SBIL (Simplify Government Money Market ETF) and MUST (Columbia Multi-Sector Municipal Income ETF) are both Money Market funds. SBIL is actively managed, while MUST is passively managed. At a correlation of -0.05, they often move in opposite directions. SBIL charges 0.15%/yr vs 0.23%/yr for MUST.
Performance
SBIL vs. MUST - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SBIL having a 1.51% return and MUST slightly lower at 1.45%.
SBIL
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.51%
- 6M
- 1.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUST
- 1D
- 0.49%
- 1M
- 1.18%
- YTD
- 1.45%
- 6M
- 1.84%
- 1Y
- 6.55%
- 3Y*
- 3.77%
- 5Y*
- 0.80%
- 10Y*
- —
SBIL vs. MUST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBIL Simplify Government Money Market ETF | 1.51% | 1.88% |
MUST Columbia Multi-Sector Municipal Income ETF | 1.45% | 4.28% |
Correlation
The correlation between SBIL and MUST is -0.05, 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 16, 2025 | -0.05 |
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Return for Risk
SBIL vs. MUST — Risk / Return Rank
SBIL
MUST
SBIL vs. MUST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) and Columbia Multi-Sector Municipal Income ETF (MUST). 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 | MUST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.27 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 14.15 | 0.54 | +13.61 |
Drawdowns
SBIL vs. MUST - Drawdown Comparison
The maximum SBIL drawdown since its inception was -0.03%, smaller than the maximum MUST drawdown of -13.83%. Use the drawdown chart below to compare losses from any high point for SBIL and MUST.
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Drawdown Indicators
| SBIL | MUST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -13.83% | +13.80% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.83% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.09% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -3.41% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.10% | — |
Volatility
SBIL vs. MUST - Volatility Comparison
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Volatility by Period
| SBIL | MUST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.28% | 5.18% | -4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 5.44% | -5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.28% | 5.60% | -5.32% |
SBIL vs. MUST - Expense Ratio Comparison
SBIL has a 0.15% expense ratio, which is lower than MUST's 0.23% 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. MUST - Dividend Comparison
SBIL's dividend yield for the trailing twelve months is around 3.26%, less than MUST's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MUST Columbia Multi-Sector Municipal Income ETF | 3.33% | 3.28% | 3.13% | 2.51% | 1.76% | 1.62% | 2.33% | 2.70% | 0.55% |
SBIL Simplify Government Money Market ETF | 3.26% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SBIL and MUST have a correlation of -0.05, 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 0.23% for MUST.
MUST has the higher dividend yield at 3.33%, compared with 3.26% for SBIL.
They also come from different issuers: Simplify and Ameriprise Financial. Their fees differ too: 0.15% for SBIL and 0.23% for MUST.
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