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. SBIL offers more diversification with 162 holdings.
Side-by-Side Comparison
| Metric | SBIL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $4.9B | $108.7B | |
| Dividend Yield | 3.87% | 3.13% | |
| Holdings | 162 | 104 | |
| YTD Return | +2.03% | +27.93% | |
| 1Y Return | +3.44% | +30.06% | |
| 3Y Return (annualized) | - | +16.25% | |
| 5Y Return (annualized) | - | +10.03% | |
| Volatility (annualized) | 0.3% | 13.6% | |
| Max Drawdown | -0.3% | -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 +3.44% while SCHD returned +30.06%. Year to date, SBIL is up 2.03% versus a gain of 27.93% 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 -0.3% 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 -0.09. 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 3.87% against 3.13% for SCHD.
Holdings Overlap
SBIL and SCHD share 0 holdings out of 113 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 +3.44% vs +30.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SBIL annualized +3.56% vs +11.56% 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 -0.3% vs SCHD -33.4%.
Should I hold both SBIL and SCHD?
SBIL and SCHD have a monthly-return correlation of -0.09, 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 113 unique securities.
Which pays a higher dividend, SBIL or SCHD?
SBIL yields 3.87% while SCHD yields 3.13%, so SBIL currently pays the higher dividend yield.
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