- ISIN
- US82889N6572
- Issuer
- Simplify
- Inception Date
- Nov 14, 2022
- Category
- Intermediate Core Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $708M
Share Price Chart
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Performance
TUA Performance Chart
Simplify Short Term Treasury Futures Strategy ETF (TUA) is down 6.6% since the beginning of the year. TUA is currently trading at $20 per share.
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Returns By Period
Simplify Short Term Treasury Futures Strategy ETF (TUA) has returned -6.57% so far this year and -3.65% over the past 12 months.
Simplify Short Term Treasury Futures Strategy ETF
- 1D
- -0.49%
- 1M
- -0.93%
- YTD
- -6.57%
- 6M
- -6.35%
- 1Y
- -3.65%
- 3Y*
- -0.34%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TUA Monthly Returns History
Based on dividend-adjusted daily data since Nov 15, 2022, TUA's average daily return is 0.00%, while the average monthly return is -0.11%.
Historically, 45% of months were positive and 55% were negative. The best month was Mar 2023 with a return of +7.5%, while the worst month was Jun 2023 at -5.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TUA closed higher 48% of trading days. The best single day was Mar 13, 2023 with a return of +5.6%, while the worst single day was Mar 16, 2023 at -2.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.52% | 1.38% | -4.04% | -0.67% | -0.79% | -2.05% | -6.57% | ||||||
| 2025 | 0.80% | 2.44% | 0.97% | 2.78% | -2.89% | 1.66% | -2.18% | 2.85% | -0.23% | 0.23% | 0.73% | 0.06% | 7.27% |
| 2024 | -0.17% | -4.00% | -0.46% | -3.98% | 1.49% | 1.47% | 4.18% | 2.62% | 2.12% | -5.14% | -0.36% | -0.97% | -3.59% |
| 2023 | 2.03% | -5.56% | 7.51% | -0.20% | -3.77% | -5.76% | -0.44% | 0.19% | -2.59% | -0.18% | 3.74% | 3.83% | -2.04% |
| 2022 | -0.13% | -0.70% | -0.83% |
Benchmark Metrics
Simplify Short Term Treasury Futures Strategy ETF has an annualized alpha of -0.17%, beta of -0.05, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 15, 2022.
- This ETF participated in 47.74% of S&P 500 Index downside but only 9.11% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.05 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.17%
- Beta
- -0.05
- R²
- 0.01
- Upside Capture
- 9.11%
- Downside Capture
- 47.74%
Expense Ratio
TUA has an expense ratio of 0.16%, which is considered low.
Return for Risk
Risk / Return Rank
TUA ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TUA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.37 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.78 | -3.28 |
| Martin ratioReturn relative to average drawdown | -1.26 | 12.44 | -13.70 |
Dividends
Dividend History
Simplify Short Term Treasury Futures Strategy ETF provided a 3.60% dividend yield over the last twelve months, with an annual payout of $0.73 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.73 | $0.84 | $1.10 | $1.12 | $0.04 |
Dividend yield | 3.60% | 3.84% | 5.19% | 4.83% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Short Term Treasury Futures Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.03 | $0.05 | $0.05 | $0.05 | $0.00 | $0.20 | ||||||
| 2025 | $0.05 | $0.05 | $0.05 | $0.08 | $0.08 | $0.10 | $0.10 | $0.08 | $0.06 | $0.03 | $0.05 | $0.11 | $0.84 |
| 2024 | $0.10 | $0.10 | $0.02 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.08 | $0.10 | $0.10 | $0.10 | $1.10 |
| 2023 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.00 | $0.10 | $0.10 | $0.12 | $1.12 |
| 2022 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify Short Term Treasury Futures Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Simplify Short Term Treasury Futures Strategy ETF was 15.85%, occurring on Oct 17, 2023. The portfolio has not yet recovered.
The current Simplify Short Term Treasury Futures Strategy ETF drawdown is 11.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -15.85%Oct 2023 | 6mo 24d | — | 3y 2moMar 2023 - now |
2023 pullback2023 | -9.27%Mar 2023 | 1mo 18d | 5d | 1mo 23dJan 2023 - Mar 2023 |
2023 pullback2023 | -2.81%Mar 2023 | 1d | 2d | 3dMar 2023 - Mar 2023 |
2023 pullback2023 | -2.63%Jan 2023 | 17d | 7d | 24dDec 2022 - Jan 2023 |
2023 pullback2023 | -2.47%Mar 2023 | 0s | 1d | 1dMar 2023 - Mar 2023 |
Drawdown Indicators
| TUA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -56.78% | +40.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -9.10% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -9.14% | -18.90% | +9.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.19% | -1.80% | -9.39% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -10.71% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.03% | +0.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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