SBIL vs SCHD
Simplify Government Money Market ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SBIL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $5.0B | $103.7B | |
| Dividend Yield | 3.56% | 3.31% | |
| Holdings | 115 | 104 | |
| YTD Return | +2.10% | +24.26% | |
| 1Y Return | +3.78% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 0.3% | 13.6% | |
| Max Drawdown | -0.0% | -33.4% | |
| Fund Family | Simplify Exchange Traded Funds | Charles Schwab Asset Management | |
| Category | Money Market | Equity | |
| Inception | Jul 14, 2025 | Oct 20, 2011 |
SBIL vs SCHD Performance
Simplify Government Money Market ETF (SBIL) is a ETF from Simplify Exchange Traded Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year SBIL returned +3.78% while SCHD returned +31.38%. Year to date, SBIL is up 2.10% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 0.3% for SBIL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.0% for SBIL and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.13. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SBIL charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, SBIL currently yields 3.56% against 3.31% for SCHD.
Holdings Overlap
SBIL and SCHD share 0 holdings out of 115 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SBIL or SCHD?
SBIL has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, SBIL or SCHD?
Over the past year SBIL returned +3.78% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SBIL annualized +3.82% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, SBIL or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 0.3% for SBIL. Worst drawdown: SBIL -0.0% vs SCHD -33.4%.
Should I hold both SBIL and SCHD?
SBIL and SCHD have a monthly-return correlation of 0.13, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SBIL and SCHD?
SBIL and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 115 unique securities.
Which pays a higher dividend, SBIL or SCHD?
SBIL yields 3.56% while SCHD yields 3.31%, so SBIL currently pays the higher dividend yield.
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