SBIL vs. VBIL

Last updated Jun 3, 2026

SBIL (Simplify Government Money Market ETF) and VBIL (Vanguard 0-3 Month Treasury Bill ETF) are both exchange-traded funds - SBIL is a Money Market fund actively managed by Simplify, while VBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index. SBIL is actively managed, while VBIL is passively managed. At a 0.23 correlation, their price movements are largely independent. SBIL charges 0.15%/yr vs 0.07%/yr for VBIL.

Performance

SBIL vs. VBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Government Money Market ETF (SBIL) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SBIL having a 1.51% return and VBIL slightly lower at 1.48%.

SBIL

• 1D: 0.02%
• 1M: 0.31%
• YTD: 1.51%
• 6M: 1.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VBIL

• 1D: 0.01%
• 1M: 0.29%
• YTD: 1.48%
• 6M: 1.80%
• 1Y: 3.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SBIL vs. VBIL - Yearly Performance Comparison

	2026 (YTD)	2025
SBIL Simplify Government Money Market ETF	1.51%	1.88%
VBIL Vanguard 0-3 Month Treasury Bill ETF	1.48%	1.92%

Correlation

The correlation between SBIL and VBIL is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.23

Return for Risk

SBIL vs. VBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VBIL

VBIL Risk / Return Rank: 100
VBIL Sharpe Ratio Rank: 100
VBIL Sortino Ratio Rank: 100
VBIL Omega Ratio Rank: 100
VBIL Calmar Ratio Rank: 99
VBIL Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SBIL vs. VBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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	VBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	15.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	14.15	13.42	+0.72

Drawdowns

SBIL vs. VBIL - Drawdown Comparison

The maximum SBIL drawdown since its inception was -0.03%, smaller than the maximum VBIL drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for SBIL and VBIL.

Drawdown Indicators

	SBIL	VBIL	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	-0.09%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.09%	—
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%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	SBIL	VBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.28%	0.26%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.28%	0.30%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.28%	0.30%	-0.02%

SBIL vs. VBIL - Expense Ratio Comparison

SBIL has a 0.15% expense ratio, which is higher than VBIL's 0.07% expense ratio. However, 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. VBIL - Dividend Comparison

SBIL's dividend yield for the trailing twelve months is around 3.26%, less than VBIL's 3.65% yield.

Position	TTM	2025
SBIL Simplify Government Money Market ETF	3.26%	1.79%
VBIL Vanguard 0-3 Month Treasury Bill ETF	3.65%	3.12%

Frequently Asked Questions

Can I hold both SBIL and VBIL in my portfolio?

SBIL and VBIL have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SBIL or VBIL?

On fees, VBIL is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SBIL or VBIL?

VBIL is cheaper with a 0.07% expense ratio, compared with 0.15% for SBIL.

Which ETF pays a higher dividend yield, SBIL or VBIL?

VBIL has the higher dividend yield at 3.65%, compared with 3.26% for SBIL.

What is the main difference between SBIL and VBIL?

SBIL is categorized as Money Market, while VBIL is Ultrashort Bond. They also come from different issuers: Simplify and Vanguard. Their fees differ too: 0.15% for SBIL and 0.07% for VBIL.