SGVT vs. SBIL

Last updated Apr 1, 2026

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

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

Performance

SGVT vs. SBIL - Performance Comparison

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

SGVT vs. SBIL - Yearly Performance Comparison

	2026 (YTD)	2025
SGVT Schwab Government Money Market ETF	0.81%	1.86%
SBIL Simplify Government Money Market ETF	0.86%	1.88%

Returns By Period

In the year-to-date period, SGVT achieves a 0.81% return, which is significantly lower than SBIL's 0.86% return.

SGVT

• 1D: 0.01%
• 1M: 0.27%
• YTD: 0.81%
• 6M: 1.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBIL

• 1D: -0.00%
• 1M: 0.27%
• YTD: 0.86%
• 6M: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SGVT vs. SBIL - Expense Ratio Comparison

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

SGVT

Schwab Government Money Market ETF

SBIL

Simplify Government Money Market ETF

Return for Risk

SGVT vs. SBIL - Risk-Adjusted Trends Comparison

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

	SGVT	SBIL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	18.85	14.25	+4.59

Correlation

The correlation between SGVT and SBIL 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

SGVT vs. SBIL - Dividend Comparison

SGVT's dividend yield for the trailing twelve months is around 2.30%, less than SBIL's 2.68% yield.

	TTM	2025
SGVT Schwab Government Money Market ETF	2.30%	1.73%
SBIL Simplify Government Money Market ETF	2.68%	1.79%

Drawdowns

SGVT vs. SBIL - Drawdown Comparison

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

Drawdown Indicators

	SGVT	SBIL	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

	SGVT	SBIL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.21%	0.28%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.21%	0.28%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.21%	0.28%	-0.07%