SBIL vs VUSB: Grades, Fees and Holdings Compared

Simplify Government Money Market ETF

SBILANYSE Arca

Vanguard Ultra-Short Bond ETF

VUSBACboe

Overlap

No data

Expense ratio

VUSB −0.05pt a year

SBIL0.15%VUSB0.10%

Avg volume · 30D

VUSB 4.6×the volume

SBIL432KVUSB2.01M

SBIL vs VUSB Performance

Nov 4, 2025 – Nov 4, 2026

+3.7%SBIL+3.7%VUSB

Expense ratio: SBIL 0.15%; VUSB 0.10%, better
Fund size: SBIL $4.11B; VUSB $9.9B
1Y total return: SBIL +3.7%; VUSB +3.7%
Yield (12M): SBIL 3.63%; VUSB 4.28%, better
Holdings: SBIL 174; VUSB 1352
Avg volume (30D): SBIL 432K sh; VUSB 2.01M sh, better
NAV per share: SBIL $100.12; VUSB $49.45
52W range

ETF.net Grade

Pillar letters and Scores for SBIL, VUSB, with each pillar’s weight
Pillar	SBIL	VUSB
Cost30% weight	B66	A84Higher
Mission25% weight	A100	A100
Risk15% weight	C49	C53Higher
Tradability15% weight	A81Higher	B67
Holdings10% weight	C49	A86Higher
Durability5% weight	B63	A88Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. SBIL and VUSB 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 ›

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

Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 84
Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
Rank 3AVBILVanguard 0-3 Month Treasury Bill ETFScore 81
Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
Rank 5ASGOViShares 0-3 Month Treasury Bond ETFScore 80
Rank 20AGSSTGoldman Sachs Ultra Short Bond ETFScore 72
Rank 20ASBILSimplify Government Money Market ETFScore 72
Rank 20ATBILF/m US Treasury 3 Month Bill FundScore 72

Our read on each fund

ETF.net Research

SBILASimplify Government Money Market ETF

VUSBAVanguard Ultra-Short Bond 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.

VUSB Vanguard's first actively managed bond ETF, run by its in-house fixed income team and priced at 0.10%. It holds investment-grade paper maturing inside two years: a step past a money fund, well short of a real bond fund.

Stated mandate

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

VUSB The fund seeks current income with limited price volatility while investing in diversified high- and medium-quality fixed-income securities. It expects to maintain a dollar-weighted average maturity of 0–2 years.

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.

VUSB At 0.10%, it costs half the typical ultra-short bond ETF and undercuts the other leaders in the group: SHV, PULS, FLDR and DUSB all charge 0.15%.
Active, not adventurous. The managers buy investment-grade bonds (A3-or-better high quality plus BBB-tier medium quality) and hold average maturity to zero-to-two years.vanguard.com
Income lands monthly, sourced from roughly 170 bonds, so no single issuer drives the outcome.
A multi-billion-dollar fund that trades actively, and the same portfolio team also runs a similar Vanguard ultra-short fund.vanguard.com

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.

VUSB This is not a money market fund. No fixed $1 share price, and the market price can trade above or below the value of the holdings.vanguard.com
The mandate allows BBB-tier credit, a notch of risk a Treasury-only neighbor like SHV doesn't take.vanguard.com
Bonds this short reprice with short-term rates, so the monthly payout drifts up and down instead of holding a set level.vanguard.com

Full SBIL profile⁠

Full VUSB profile⁠

SBIL vs VUSB Holdings

How SBIL and VUSB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile76.9%
Asset classFixed Income100%

Sector

No Sector split for SBIL and VUSB.

Country, concentration and asset class

Country by domicile

Country weights in SBIL and VUSB, widest gap first
Country	Gap	SBIL	VUSB
United States	SBIL +23.1 points	100.0%	76.9%
Canada	VUSB +7.2 points	0.0%	7.2%
United Kingdom	VUSB +3.5 points	0.0%	3.5%
Cayman Islands	VUSB +2.5 points	0.0%	2.5%
Japan	VUSB +2.1 points	0.0%	2.1%
Germany	VUSB +1.7 points	0.0%	1.7%
Australia	VUSB +1.6 points	0.0%	1.6%
Switzerland	VUSB +1.0 points	0.0%	1.0%
Other countries (13)	VUSB +3.6 points	0.0%	3.6%

Concentration

Weight in the 10 largest Holdings

SBIL28.9%
VUSB12.6%

Securities held

SBIL169
VUSB1,346

Asset class

SBIL: Fixed Income
VUSB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. SBIL holds 169 securities, VUSB 1,346.

All SBIL holdings⁠All 1,347 VUSB 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 VUSB Cost

Overpaying SBIL vs VUSB

$1,031

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

SBIL 0.15%
$3,137
VUSB 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

SBIL 0.15%
VUSB 0.10%
Overpaying

Year by year

Year	SBIL	VUSB	Overpaying
10	$274	$183	$91
20	$1,071	$717	$354
30	$3,137	$2,106	$1,031

Expense ratio

0.15%SBIL
0.10%VUSB, cheaper

VUSB0.10%SBIL0.15%

0.03%1.00%

Middle half of Cash & Ultra-Short Income funds
Median 0.18%

VUSB 13th cheapest of 78 funds

SBIL 23rd cheapest of 78 funds

SBIL vs VUSB Dividends

Last 12 months to Nov 4, 2026

Yield (12M): SBIL 3.63%; VUSB 4.28%, better
Payout (12M): SBIL $3.63; VUSB $2.12
Last payment: SBIL $0.32; VUSB $0.18
Ex-dividend: SBIL Oct 27, 2026; VUSB Nov 2, 2026
Paid on: SBIL Oct 30, 2026; VUSB Nov 4, 2026
Frequency: SBIL Monthly; VUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

SBILMonthly · 15 paymentsAll SBIL payments⁠

VUSBMonthly · 46 paymentsAll VUSB payments⁠

SBIL vs VUSB 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 2025VUSB 0.8%
Return per unit of riskSharpe ratio, 3 years: SBIL −1.02since Aug 2025VUSB 0.86
Worst fallMax drawdown, 5 years: SBIL −0.03%since Jul 2025VUSB −1.7%
Market sensitivityBeta, 5 years: SBIL 0.002VUSB 0.10; Market = 1

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