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TBIL vs. HIGH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TBIL vs. HIGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Treasury 3 Month Bill ETF (TBIL) and Simplify Enhanced Income ETF (HIGH). The values are adjusted to include any dividend payments, if applicable.

-2.00%-1.00%0.00%1.00%2.00%3.00%JuneJulyAugustSeptemberOctoberNovember
2.52%
0.03%
TBIL
HIGH

Returns By Period

In the year-to-date period, TBIL achieves a 4.80% return, which is significantly higher than HIGH's 2.88% return.


TBIL

YTD

4.80%

1M

0.36%

6M

2.52%

1Y

5.45%

5Y (annualized)

N/A

10Y (annualized)

N/A

HIGH

YTD

2.88%

1M

0.73%

6M

0.03%

1Y

3.79%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


TBILHIGH
Sharpe Ratio14.461.15
Sortino Ratio75.481.52
Omega Ratio22.141.29
Calmar Ratio269.061.13
Martin Ratio1,229.883.23
Ulcer Index0.00%1.19%
Daily Std Dev0.38%3.35%
Max Drawdown-0.10%-3.39%
Current Drawdown0.00%-0.97%

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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.


HIGH
Simplify Enhanced Income ETF
Expense ratio chart for HIGH: current value at 0.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.51%
Expense ratio chart for TBIL: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.0-0.1

The correlation between TBIL and HIGH is -0.05. 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.

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.


Sharpe ratio
The chart of Sharpe ratio for TBIL, currently valued at 14.46, compared to the broader market0.002.004.006.0014.461.15
The chart of Sortino ratio for TBIL, currently valued at 75.48, compared to the broader market-2.000.002.004.006.008.0010.0012.0075.481.52
The chart of Omega ratio for TBIL, currently valued at 22.14, compared to the broader market0.501.001.502.002.503.0022.141.29
The chart of Calmar ratio for TBIL, currently valued at 269.06, compared to the broader market0.005.0010.0015.00269.061.13
The chart of Martin ratio for TBIL, currently valued at 1229.88, compared to the broader market0.0020.0040.0060.0080.00100.00120.001,229.883.23
TBIL
HIGH

The current TBIL Sharpe Ratio is 14.46, which is higher than the HIGH Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of TBIL and HIGH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.005.0010.0015.00JuneJulyAugustSeptemberOctoberNovember
14.46
1.15
TBIL
HIGH

Dividends

TBIL vs. HIGH - Dividend Comparison

TBIL's dividend yield for the trailing twelve months is around 5.38%, less than HIGH's 8.81% yield.


TTM20232022
TBIL
US Treasury 3 Month Bill ETF
5.38%5.00%1.10%
HIGH
Simplify Enhanced Income ETF
8.81%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.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.97%
TBIL
HIGH

Volatility

TBIL vs. HIGH - Volatility Comparison

The current volatility for US Treasury 3 Month Bill ETF (TBIL) is 0.10%, while Simplify Enhanced Income ETF (HIGH) has a volatility of 1.06%. 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.


0.00%0.50%1.00%1.50%2.00%2.50%JuneJulyAugustSeptemberOctoberNovember
0.10%
1.06%
TBIL
HIGH