TUA vs. SBIL
TUA (Simplify Short Term Treasury Futures Strategy ETF) and SBIL (Simplify Government Money Market ETF) are both exchange-traded funds - TUA is a Intermediate Core Bond fund actively managed by Simplify, while SBIL is a Money Market fund actively managed by Simplify. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. TUA charges 0.16%/yr vs 0.15%/yr for SBIL.
Performance
TUA vs. SBIL - Performance Comparison
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Returns By Period
In the year-to-date period, TUA achieves a -4.96% return, which is significantly lower than SBIL's 1.52% return.
TUA
- 1D
- 0.44%
- 1M
- -0.67%
- YTD
- -4.96%
- 6M
- -4.51%
- 1Y
- -2.21%
- 3Y*
- -0.77%
- 5Y*
- —
- 10Y*
- —
SBIL
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.52%
- 6M
- 1.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TUA vs. SBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | -4.96% | 3.76% |
SBIL Simplify Government Money Market ETF | 1.52% | 1.88% |
Correlation
The correlation between TUA and SBIL is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.09 |
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Return for Risk
TUA vs. SBIL — Risk / Return Rank
TUA
SBIL
TUA vs. SBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) 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.
| TUA | SBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.95 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | — | — |
| Martin ratioReturn relative to average drawdown | -0.87 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TUA | SBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 14.10 | -14.22 |
Drawdowns
TUA vs. SBIL - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, which is greater than SBIL's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TUA and SBIL.
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Drawdown Indicators
| TUA | SBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -0.03% | -15.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -9.14% | — | — |
Current DrawdownCurrent decline from peak | -9.65% | 0.00% | -9.65% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -0.00% | -8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | — | — |
Volatility
TUA vs. SBIL - Volatility Comparison
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Volatility by Period
| TUA | SBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.86% | 0.28% | +6.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 0.28% | +10.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.76% | 0.28% | +10.48% |
TUA vs. SBIL - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is higher than SBIL's 0.15% 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
TUA vs. SBIL - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 3.54%, more than SBIL's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SBIL Simplify Government Money Market ETF | 3.26% | 1.79% | 0.00% | 0.00% | 0.00% |
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.54% | 3.84% | 5.19% | 4.83% | 0.15% |
Frequently Asked Questions
TUA and SBIL have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SBIL is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SBIL is cheaper with a 0.15% expense ratio, compared with 0.16% for TUA.
TUA has the higher dividend yield at 3.54%, compared with 3.26% for SBIL.
TUA is categorized as Intermediate Core Bond, while SBIL is Money Market. Their fees differ too: 0.16% for TUA and 0.15% for SBIL.
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