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SBIL vs VBIL

Simplify Government Money Market ETF

SBILANYSE Arca

Vanguard 0-3 Month Treasury Bill ETF

VBILANasdaq

Overlap

No data

Expense ratio

VBIL −0.09pt a year

SBIL0.15%VBIL0.06%

Avg volume · 30D

VBIL 7.0×the volume

SBIL432KVBIL3.04M

SBIL vs VBIL Performance

Nov 4, 2025 – Nov 4, 2026

+3.7%SBIL+3.7%VBIL

Nov 4, 2025 to Nov 4, 2026. SBIL +3.7%. VBIL +3.7%. Use the arrow keys to read each point.0%1%2%Nov 2025May 2026Nov 2026
Expense ratio
SBIL 0.15%
VBIL 0.06%, better
Fund size
SBIL $4.11B
VBIL $12.8B
1Y total return
SBIL +3.7%
VBIL +3.7%
Yield (12M)
SBIL 3.63%, better
VBIL 3.51%
Holdings
SBIL 174
VBIL 29
Avg volume (30D)
SBIL 432K sh
VBIL 3.04M sh, better
NAV per share
SBIL $100.12
VBIL $75.54
52W range

ETF.net Grade

SBIL: Cost 66, Risk 49, Mission 100, Tradability 81, Holdings 49, Durability 63. VBIL: Cost 95, Risk 49, Mission 100, Tradability 84, Holdings 42, Durability 79.
Pillar letters and Scores for SBIL, VBIL, with each pillar’s weight
PillarSBILVBIL
Cost30% weightB66A95Higher
Mission25% weightA100A100
Risk15% weightC49C49
Tradability15% weightA81A84Higher
Holdings10% weightC49HigherC42
Durability5% weightB63A79Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SBIL and VBIL are both graded against the same 78 Cash & Ultra-Short Income funds, so their Grades compare head to head.

Cash & Ultra-Short Income⁠

Category · 78 funds
See all 78 ›

VBIL ranks 3rd and SBIL 20th of 78 funds in the Cash & Ultra-Short Income Category.

  1. Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 84
  2. Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
  3. Rank 3AVBILVanguard 0-3 Month Treasury Bill ETFScore 81
  4. Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
  5. Rank 20AGSSTGoldman Sachs Ultra Short Bond ETFScore 72
  6. Rank 20ASBILSimplify Government Money Market ETFScore 72
  7. Rank 20ATBILF/m US Treasury 3 Month Bill FundScore 72

Our read on each fund

ETF.net Research

SBILASimplify Government Money Market ETF

VBILAVanguard 0-3 Month Treasury Bill ETF

In short

SBIL Money market discipline in an ETF wrapper: government cash instruments, current income, stability of principal, all for 0.15% a year with monthly payouts.

VBIL Vanguard's cash-parking ETF: roughly two dozen Treasury bills, none maturing more than three months out, at 0.06% a year. It landed in 2025 and undercut most of the T-bill shelf on price.

Stated mandate

SBIL The fund seeks current income while maintaining liquidity and stability of principal.

VBIL VBIL seeks to track the performance of a market-weighted Treasury index with an ultra-short-term dollar-weighted average maturity, using a passive approach designed to follow the Bloomberg U.S. Treasury Bills 0-3 Months Index.

Why people hold it

  • SBIL Costs 0.15% a year against a 0.20% median for cash-alternative ETFs. On parked cash, the fee is the part you actually control.
  • Government paper only, exactly as the mandate reads: current income with liquidity and stability of principal. No drift into corporate credit.
  • One of the strongest implementations in a 22-fund cash-alternative group, and it has already crossed the billion-dollar mark.
  • Distributions land monthly, and it changes hands on an exchange through the trading day rather than at a fund cutoff time.
  • VBIL It charges 0.06% a year, well under the 0.14% median for 0-1 year Treasury funds and under the category veteran, BIL.
  • Plain passive mandate on the Bloomberg U.S. Treasury Bills 0-3 Months Index, tracked very closely. One of the tightest implementations in its peer group.vanguard.com
  • Roughly two dozen bills backed by the US Treasury, every one maturing inside three months. Interest goes out monthly.
  • A multi-billion-dollar fund with active daily trading, which tends to keep bid-ask costs small.

Worth knowing

  • SBIL Launched July 2025, so the history behind any risk read is short.
  • ICSH runs 0.08%, so cheaper cash parking exists if the fee line is your only filter.
  • Government issues only means it skips the corporate paper broader ultra-short funds like JPST can hold: steadier ingredients, different income mix.
  • VBIL The payout floats with short-term rates. Monthly income rises and falls with what bills yield, and nothing about it is fixed.
  • It opened in 2025, so its live record is short next to T-bill funds that have been running for years.
  • Stretching maturity gets cheaper: peer XONE targets one-year duration at 0.03%, trading lower cost for more rate sensitivity.

Full SBIL profile⁠

Full VBIL profile⁠

SBIL vs VBIL Holdings

How SBIL and VBIL differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Asset classFixed Income100%
  • Countryby domicile100%

Sector

No Sector split for SBIL and VBIL.

Country, concentration and asset class

Country by domicile

Country weights in SBIL and VBIL, widest gap first
CountryMore in SBILMore in VBILGap
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • SBIL28.9%
  • VBIL52.0%

Securities held

  • SBIL169
  • VBIL27

Asset class

SBIL
Fixed Income
VBIL
Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. SBIL holds 169 securities, VBIL 27.

All SBIL holdings⁠All 27 VBIL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SBIL vs VBIL Cost

Overpaying SBIL vs VBIL

$1,867

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SBIL 0.15%

    $3,137

  • VBIL 0.06%

    $1,270

$10,000
30 years

Cost over time

  • SBIL 0.15%
  • VBIL 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530SBIL $3,137VBIL $1,270

Year by year

YearSBILVBILOverpaying
10$274$110$164
20$1,071$432$639
30$3,137$1,270$1,867

Expense ratio

  • 0.15%SBIL
  • 0.06%VBIL, cheaper
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

VBIL 6th cheapest of 78 funds

SBIL 23rd cheapest of 78 funds

SBIL vs VBIL Dividends

Last 12 months to Nov 4, 2026
Yield (12M)
SBIL 3.63%, better
VBIL 3.51%
Payout (12M)
SBIL $3.63
VBIL $2.65
Last payment
SBIL $0.32
VBIL $0.24
Ex-dividend
SBIL Oct 27, 2026
VBIL Nov 2, 2026
Paid on
SBIL Oct 30, 2026
VBIL Nov 4, 2026
Frequency
SBIL Monthly
VBIL Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

SBILMonthly · 15 paymentsAll SBIL payments⁠
One bar per payment. 15 payments from 2025 to 2026 YTD. Aug 26, 2025 $0.47; Sep 25, 2025 $0.35; Oct 28, 2025 $0.34; Nov 21, 2025 $0.27; Dec 23, 2025 $0.36; Jan 27, 2026 $0.32; Feb 24, 2026 $0.30; Mar 26, 2026 $0.27; Apr 27, 2026 $0.30; May 26, 2026 $0.28; Jun 25, 2026 $0.30; Jul 28, 2026 $0.31; Aug 26, 2026 $0.31; Sep 25, 2026 $0.29; Oct 27, 2026 $0.32. Use the arrow keys to read each point.$0$0.502026YTD
VBILMonthly · 20 paymentsAll VBIL payments⁠
One bar per payment. 20 payments from 2025 to 2026 YTD. Apr 1, 2025 $0.23; May 1, 2025 $0.21; Jun 2, 2025 $0.22; Jul 1, 2025 $0.24; Aug 1, 2025 $0.25; Sep 2, 2025 $0.25; Oct 1, 2025 $0.24; Nov 3, 2025 $0.24; Dec 1, 2025 $0.23; Dec 18, 2025 $0.23; Feb 2, 2026 $0.23; Mar 2, 2026 $0.20; Apr 1, 2026 $0.21; May 1, 2026 $0.22; Jun 1, 2026 $0.22; Jul 1, 2026 $0.21; Aug 3, 2026 $0.23; Sep 1, 2026 $0.22; Oct 1, 2026 $0.22; Nov 2, 2026 $0.24. Use the arrow keys to read each point.$0$0.502026YTD

SBIL vs VBIL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SBIL 0.1%since Aug 2025VBIL 0.1%since Mar 2025Same figure. Both funds show the same value, so neither comes out ahead.
Return per unit of riskSharpe ratio, 3 years
SBIL −1.02since Aug 2025VBIL −1.04since Mar 2025
Worst fallMax drawdown, 5 years
SBIL −0.03%since Jul 2025VBIL −0.1%since Feb 2025
Market sensitivityBeta, 5 years
SBIL 0.002VBIL −0.01

SBIL and VBIL in the news

All news⁠

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