HIGHvsSBILETF Comparison
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Simplify Enhanced Income ETF (HIGH) belongs to the Multi-Asset: Other segment. Simplify Government Money Market ETF (SBIL) is part of the Money Market Bonds segment. Both ETFs have the same top 2 sector exposures: Government Agencies and Sovereign. HIGH is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.15% for SBIL. HIGH is up 0.07% year-to-date (YTD) with -$82M in YTD flows. SBIL performs better with 2.38% YTD performance, and +$421M in YTD flows. Run a side-by-side ETF comparison of HIGH and SBIL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HIGH vs SBIL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HIGH SBIL | +1.13%+0.30% | +0.41%+0.90% | +0.07%+2.38% | -0.41%+3.73% | +7.96%n/a | n/an/a |
| Flows | HIGH SBIL | -$5M-$147M | -$11M-$100M | -$82M+$421M | -$117M+$2.05B | +$48M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HIGH SBIL | +10.24%+0.13% | +7.44%+0.12% | +10.86%n/a | n/an/a |
| Max drawdown | HIGH SBIL | -3.16%n/a | -6.89%n/a | -9.20%n/a | n/an/a |
| Max drawdown duration | HIGH SBIL | 27dn/a | 307dn/a | 421dn/a | n/an/a |
Trading data
HIGH | SBIL | |
Last sale 9/1/2026 at 7:54 PM | $21.43 | $100.09 |
| Previous close 09/01/2026 | $21.48 | $100.06 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/1/2026 at 7:54 PM
Live
Closed
HIGH | SBIL | |
|---|---|---|
| Last price | $21.43 | $100.09 |
| 1D performance | -0.23% | +0.03% |
| AuM | $64.04 M | $4.82 B |
| E/R | 0.5% | 0.15% |
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Exposure
Countries
HIGH
USA
73.83%
Other
26.17%
SBIL
USA
70.59%
Other
29.41%
Sectors
HIGH
Government Agenci.
41.79%
Sovereign
32.04%
Other
26.17%
SBIL
Government Agenci.
45.9%
Sovereign
24.69%
Other
29.41%
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Diversification
HIGH
Total weight of top 15 holdings out of 15
29.74%
SBIL
Total weight of top 15 holdings out of 15
25.05%
Top 15 holdings
Data as of July 31, 2026
HIGH
USA, Bills 0% 1sep2026, USD (119D)
4.35%
USA, Bills 0% 3dec2026, USD (182D)
3.44%
Freddie Mac, FRN 22sep2027, USD
2.64%
USA, Notes FRN 31jul2026, USD (BF-2026)
2.29%
USA, Bills 0% 15oct2026, USD (182D)
2.13%
USA, Notes FRN 31jul2027, USD (BF-2027)
1.84%
FHLB, 0% 7aug2026, USD (365D)
1.83%
FHLB, 0% 21aug2026, USD (365D)
1.83%
FHLB, 0% 27aug2026, USD (365D)
1.83%
FHLB, 0% 3sep2026, USD (365D)
1.46%
USA, Notes FRN 31oct2027, USD (BK-2027)
1.29%
FHLB, 0% 28aug2026, USD (365D)
1.28%
USA, Bills 0% 8oct2026, USD (182D)
1.27%
USA, Notes FRN 30apr2027, USD (BB-2027)
1.16%
US313313F450
1.10%
SBIL
Freddie Mac, FRN 22sep2027, USD
2.90%
USA, Notes FRN 31jul2026, USD (BF-2026)
2.52%
USA, Notes FRN 31jul2027, USD (BF-2027)
2.02%
FHLB, 0% 7aug2026, USD (365D)
2.01%
FHLB, 0% 21aug2026, USD (365D)
2.01%
FHLB, 0% 27aug2026, USD (365D)
2.01%
FHLB, 0% 3sep2026, USD (365D)
1.61%
USA, Notes FRN 31oct2027, USD (BK-2027)
1.41%
FHLB, 0% 28aug2026, USD (365D)
1.41%
USA, Bills 0% 8oct2026, USD (182D)
1.40%
USA, Notes FRN 30apr2027, USD (BB-2027)
1.27%
US313313F450
1.20%
US313589C353
1.13%
US313589B447
1.09%
FHLB, 0% 31jul2026, USD (365D)
1.06%
Frequently asked questions about HIGH and SBIL
How have the HIGH and SBIL ETFs performed in 2026?
As of August 31, 2026, HIGH is up 0.07% year-to-date (YTD), while SBIL has returned 2.38%. That puts SBIL better performer ahead so far this year.
Which ETF is attracting more investor money: HIGH or SBIL?
Year-to-date, the HIGH ETF saw -$82M in flows, compared to +$421M for SBIL.
Which ETF is more volatile: HIGH or SBIL?
Over the past year, HIGH had a volatility of 7.44%, while SBIL experienced 0.12%.
Which ETF is bigger: HIGH or SBIL?
As of August 31, 2026, HIGH holds $64.04 M in assets under management (AUM), while SBIL manages $4.82 B.
What sectors do the HIGH and SBIL ETFs invest in?
HIGH leans toward sectors like Government Agencies and Sovereign. Meanwhile, SBIL focuses on Government Agencies and Sovereign.
What are the top holdings of the HIGH ETF and SBIL ETF?
HIGH top holdings include USA, Bills 0% 1sep2026, USD (119D), USA, Bills 0% 3dec2026, USD (182D) and Freddie Mac, FRN 22sep2027, USD. SBIL holds in its top three: Freddie Mac, FRN 22sep2027, USD, USA, Notes FRN 31jul2026, USD (BF-2026) and USA, Notes FRN 31jul2027, USD (BF-2027).
Which ETF is more diversified: HIGH or SBIL?
HIGH holds 169 securities with 29.74% of its assets in the top 15. SBIL has 167 securities and a top 15 weight of 25.05%.
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