SBIL vs. SGVT

Last updated Apr 2, 2026

Compare and contrast key facts about Simplify Government Money Market ETF (SBIL) and Schwab Government Money Market ETF (SGVT).

SBIL and SGVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBIL is an actively managed fund by Simplify. It was launched on Jul 14, 2025. SGVT is an actively managed fund by Charles Schwab. It was launched on Jun 12, 2025.

Performance

SBIL vs. SGVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Government Money Market ETF (SBIL) and Schwab Government Money Market ETF (SGVT). The values are adjusted to include any dividend payments, if applicable.

SBIL vs. SGVT - Yearly Performance Comparison

	2026 (YTD)	2025
SBIL Simplify Government Money Market ETF	0.88%	1.88%
SGVT Schwab Government Money Market ETF	0.82%	1.86%

Returns By Period

In the year-to-date period, SBIL achieves a 0.88% return, which is significantly higher than SGVT's 0.82% return.

SBIL

• 1D: 0.01%
• 1M: 0.30%
• YTD: 0.88%
• 6M: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGVT

• 1D: 0.01%
• 1M: 0.26%
• YTD: 0.82%
• 6M: 1.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SBIL vs. SGVT - Expense Ratio Comparison

SBIL has a 0.15% expense ratio, which is lower than SGVT's 0.28% expense ratio.

SGVT

Schwab Government Money Market ETF

SBIL

Simplify Government Money Market ETF

Return for Risk

SBIL vs. SGVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) and Schwab Government Money Market ETF (SGVT). 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.

Sharpe Ratios by Period

	SBIL	SGVT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	14.29	18.81	-4.52

Correlation

The correlation between SBIL and SGVT is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SBIL vs. SGVT - Dividend Comparison

SBIL's dividend yield for the trailing twelve months is around 2.68%, more than SGVT's 2.55% yield.

	TTM	2025
SBIL Simplify Government Money Market ETF	2.68%	1.79%
SGVT Schwab Government Money Market ETF	2.55%	1.73%

Drawdowns

SBIL vs. SGVT - Drawdown Comparison

The maximum SBIL drawdown since its inception was -0.03%, roughly equal to the maximum SGVT drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SBIL and SGVT.

Drawdown Indicators

	SBIL	SGVT	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	-0.03%	0.00%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	0.00%	0.00%

Volatility

Volatility by Period

	SBIL	SGVT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.27%	0.20%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.27%	0.20%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.27%	0.20%	+0.07%