TBIL vs. HIGH
Compare and contrast key facts about US Treasury 3 Month Bill ETF (TBIL) and Simplify Enhanced Income ETF (HIGH).
TBIL and HIGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US Treasury Bill 3 Month Index. It was launched on Aug 8, 2022. HIGH is an actively managed fund by Simplify Asset Management Inc.. It was launched on Oct 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBIL or HIGH.
Key characteristics
| TBIL | HIGH | |
|---|---|---|
| YTD Return | 4.73% | 2.80% |
| 1Y Return | 5.47% | 3.77% |
| Sharpe Ratio | 14.58 | 1.09 |
| Sortino Ratio | 79.35 | 1.45 |
| Omega Ratio | 24.15 | 1.28 |
| Calmar Ratio | 271.14 | 1.05 |
| Martin Ratio | 1,240.29 | 3.00 |
| Ulcer Index | 0.00% | 1.18% |
| Daily Std Dev | 0.38% | 3.26% |
| Max Drawdown | -0.10% | -3.39% |
| Current Drawdown | 0.00% | -1.05% |
Correlation
The correlation between TBIL and HIGH is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TBIL vs. HIGH - Performance Comparison
In the year-to-date period, TBIL achieves a 4.73% return, which is significantly higher than HIGH's 2.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TBIL vs. HIGH - Expense Ratio Comparison
TBIL has a 0.15% expense ratio, which is lower than HIGH's 0.51% expense ratio.
Risk-Adjusted Performance
TBIL vs. HIGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 3 Month Bill ETF (TBIL) and Simplify Enhanced Income ETF (HIGH). 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.
Dividends
TBIL vs. HIGH - Dividend Comparison
TBIL's dividend yield for the trailing twelve months is around 5.38%, less than HIGH's 8.82% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TBIL US Treasury 3 Month Bill ETF | 5.38% | 5.00% | 1.10% |
HIGH Simplify Enhanced Income ETF | 8.82% | 9.39% | 0.62% |
Drawdowns
TBIL vs. HIGH - Drawdown Comparison
The maximum TBIL drawdown since its inception was -0.10%, smaller than the maximum HIGH drawdown of -3.39%. Use the drawdown chart below to compare losses from any high point for TBIL and HIGH. For additional features, visit the drawdowns tool.
Volatility
TBIL vs. HIGH - Volatility Comparison
The current volatility for US Treasury 3 Month Bill ETF (TBIL) is 0.09%, while Simplify Enhanced Income ETF (HIGH) has a volatility of 0.68%. This indicates that TBIL experiences smaller price fluctuations and is considered to be less risky than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.