SBILvsPFIXETF Comparison
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Simplify Government Money Market ETF (SBIL) belongs to the Money Market Bonds segment. Simplify Interest Rate Hedge ETF (PFIX) is part of the Alternatives segment. SBIL's top 2 sector exposures are Government Agencies and Sovereign. In contrast, PFIX's top sector exposures are Sovereign and Government Agencies. SBIL is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.5% for PFIX. SBIL is up 2.38% year-to-date (YTD) with +$421M in YTD flows. PFIX performs better with 9.37% YTD performance, and +$16M in YTD flows. Run a side-by-side ETF comparison of SBIL and PFIX 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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SBIL vs PFIX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SBIL PFIX | +0.30%-2.17% | +0.90%+10.55% | +2.38%+9.37% | +3.73%-2.80% | n/a+46.51% | n/a+192.63% |
| Flows | SBIL PFIX | -$147M-$3M | -$100M-$67M | +$421M+$16M | +$2.05B+$25M | -+$23M | --$15M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SBIL PFIX | +0.13%+25.66% | +0.12%+26.26% | n/a+35.80% | n/a+36.84% |
| Max drawdown | SBIL PFIX | n/a-10.38% | n/a-22.17% | n/a-36.75% | n/a-36.75% |
| Max drawdown duration | SBIL PFIX | n/a30d | n/a346d | n/a568d | n/a568d |
Trading data
SBIL | PFIX | |
Last sale 9/2/2026 at 1:30 PM | $100.09 | $51.80 |
| Previous close 09/01/2026 | $100.06 | $51.59 |
| 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 9/2/2026 at 1:30 PM
Live
Closed
SBIL | PFIX | |
|---|---|---|
| Last price | $100.09 | $51.80 |
| 1D performance | +0.03% | +0.41% |
| AuM | $4.82 B | $178.50 M |
| E/R | 0.15% | 0.5% |
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Exposure
Countries
SBIL
USA
70.59%
Other
29.41%
PFIX
USA
79.98%
Other
20.02%
Sectors
SBIL
Government Agenci.
45.9%
Sovereign
24.69%
Other
29.41%
PFIX
Sovereign
74.98%
Other
25.02%
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Diversification
SBIL
Total weight of top 15 holdings out of 15
25.05%
PFIX
Total weight of top 15 holdings out of 15
74.55%
Top 15 holdings
Data as of July 31, 2026
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%
PFIX
USA, Bills 0% 31dec2026, USD (182D)
26.83%
USA, Bills 0% 3dec2026, USD (182D)
22.70%
USA, Bills 0% 20aug2026, USD (182D)
8.92%
USA, Bills 0% 1sep2026, USD (119D)
8.49%
USA, Bills 0% 15oct2026, USD (182D)
5.51%
Freddie Mac, FRN 22sep2027, USD
0.32%
USA, Notes FRN 31jul2026, USD (BF-2026)
0.27%
USA, Notes FRN 31jul2027, USD (BF-2027)
0.22%
FHLB, 0% 7aug2026, USD (365D)
0.22%
FHLB, 0% 21aug2026, USD (365D)
0.22%
FHLB, 0% 27aug2026, USD (365D)
0.22%
FHLB, 0% 3sep2026, USD (365D)
0.18%
USA, Notes FRN 31oct2027, USD (BK-2027)
0.15%
FHLB, 0% 28aug2026, USD (365D)
0.15%
USA, Bills 0% 8oct2026, USD (182D)
0.15%
Frequently asked questions about SBIL and PFIX
How have the SBIL and PFIX ETFs performed in 2026?
As of August 31, 2026, SBIL is up 2.38% year-to-date (YTD), while PFIX has returned 9.37%. That puts PFIX better performer ahead so far this year.
Which ETF is attracting more investor money: SBIL or PFIX?
Year-to-date, the SBIL ETF saw +$421M in flows, compared to +$16M for PFIX.
Which ETF is more volatile: SBIL or PFIX?
Over the past year, SBIL had a volatility of 0.12%, while PFIX experienced 26.26%.
Which ETF is bigger: SBIL or PFIX?
As of August 31, 2026, SBIL holds $4.82 B in assets under management (AUM), while PFIX manages $178.50 M.
What sectors do the SBIL and PFIX ETFs invest in?
SBIL leans toward sectors like Government Agencies and Sovereign. Meanwhile, PFIX focuses on Sovereign.
What are the top holdings of the SBIL ETF and PFIX ETF?
SBIL top holdings include Freddie Mac, FRN 22sep2027, USD, USA, Notes FRN 31jul2026, USD (BF-2026) and USA, Notes FRN 31jul2027, USD (BF-2027). PFIX holds in its top three: USA, Bills 0% 31dec2026, USD (182D), USA, Bills 0% 3dec2026, USD (182D) and USA, Bills 0% 20aug2026, USD (182D).
Which ETF is more diversified: SBIL or PFIX?
SBIL holds 167 securities with 25.05% of its assets in the top 15. PFIX has 170 securities and a top 15 weight of 74.55%.
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Latest news about SBIL & PFIX
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