SBIL vs. VBIL

Last updated Aug 1, 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. Over the past year, SBIL returned 3.85% vs 3.83% for VBIL. Their 0.22 correlation means their historical movements had little consistent relationship. 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 investments are quite close, with SBIL having a 2.09% return and VBIL slightly higher at 2.12%.

SBIL

• 1D: 0.02%
• 1M: 0.31%
• 6M: 1.75%
• YTD: 2.09%
• 1Y: 3.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.84%

VBIL

• 1D: 0.04%
• 1M: 0.28%
• 6M: 1.84%
• YTD: 2.12%
• 1Y: 3.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SBIL Simplify Government Money Market ETF	$31.14M	$24.02M	$26.67M
VBIL Vanguard 0-3 Month Treasury Bill ETF	$162.29M	$169.08M	$188.29M

SBIL vs. VBIL - Yearly Performance Comparison

	2026 (YTD)	2025
SBIL Simplify Government Money Market ETF	2.09%	1.88%
VBIL Vanguard 0-3 Month Treasury Bill ETF	2.12%	1.92%

Correlation

The correlation between SBIL and VBIL is 0.20, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.20
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.22

Return for Risk

SBIL vs. VBIL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SBIL

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

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: 100
VBIL Martin Ratio Rank: 100

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	VBIL	Difference
Sharpe ratio: Return per unit of total volatility	15.08	18.00	-2.92
Sortino ratio: Return per unit of downside risk	58.38	120.14	-61.76
Omega ratio: Gain probability vs. loss probability	12.98	45.23	-32.26
Calmar ratio: Return relative to maximum drawdown	154.53	293.89	-139.36
Martin ratio: Return relative to average drawdown	868.15	1,943.77	-1,075.62

SBIL vs. VBIL - Sharpe Ratio Comparison

The current SBIL Sharpe Ratio is 15.08, which is comparable to the VBIL Sharpe Ratio of 18.00. The chart below compares the historical Sharpe Ratios of SBIL and VBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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	-0.02%	-0.01%	-0.01%
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	0.00%	0.00%	0.00%

Volatility

SBIL vs. VBIL - Volatility Comparison

The current volatility for Simplify Government Money Market ETF (SBIL) is 0.05%, while Vanguard 0-3 Month Treasury Bill ETF (VBIL) has a volatility of 0.07%. This indicates that SBIL experiences smaller price fluctuations and is considered to be less risky than VBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBIL	VBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.05%	0.07%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	0.18%	0.16%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	0.26%	0.22%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.26%	0.29%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.26%	0.29%	-0.03%

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 3.87%, more than VBIL's 3.60% yield.

Position	TTM	2025
SBIL Simplify Government Money Market ETF	3.87%	1.79%
VBIL Vanguard 0-3 Month Treasury Bill ETF	3.28%	3.12%

Frequently Asked Questions

Can I hold both SBIL and VBIL in my portfolio?

SBIL and VBIL have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBIL or VBIL?

VBIL has higher volatility (0.07%) compared to SBIL (0.05%). In terms of maximum drawdown, SBIL dropped -0.03% vs VBIL's -0.09%.

Which ETF is better, SBIL or VBIL?

On 1-year performance, SBIL leads with 3.85% vs 3.83% for VBIL. On fees, VBIL is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SBIL or VBIL?

Over the 1-year period, SBIL has performed better with a 3.85% return vs 3.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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?

SBIL has the higher dividend yield at 3.87%, compared with 3.28% for VBIL.

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.

Which has better risk-adjusted returns?

VBIL currently has the higher Sharpe Ratio (18.00 vs 15.08), 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.