AGGH vs. TLTW

Last updated Apr 2, 2026

Compare and contrast key facts about Simplify Aggregate Bond ETF (AGGH) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).

AGGH and TLTW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGGH is an actively managed fund by Simplify. It was launched on Feb 14, 2022. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022.

Performance

AGGH vs. TLTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Aggregate Bond ETF (AGGH) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). The values are adjusted to include any dividend payments, if applicable.

AGGH vs. TLTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AGGH Simplify Aggregate Bond ETF	0.04%	8.23%	1.97%	8.47%	-4.16%
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	1.39%	11.36%	-2.18%	0.73%	-11.09%

Returns By Period

In the year-to-date period, AGGH achieves a 0.04% return, which is significantly lower than TLTW's 1.39% return.

AGGH

• 1D: -0.05%
• 1M: -1.44%
• YTD: 0.04%
• 6M: 1.83%
• 1Y: 3.61%
• 3Y*: 5.05%
• 5Y*: —
• 10Y*: —

TLTW

• 1D: -0.04%
• 1M: -2.53%
• YTD: 1.39%
• 6M: 1.87%
• 1Y: 6.62%
• 3Y*: 0.68%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGGH vs. TLTW - Expense Ratio Comparison

AGGH has a 0.33% expense ratio, which is lower than TLTW's 0.35% expense ratio.

TLTW

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

AGGH

Simplify Aggregate Bond ETF

Return for Risk

AGGH vs. TLTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGGH

AGGH Risk / Return Rank: 23
AGGH Sharpe Ratio Rank: 24
AGGH Sortino Ratio Rank: 22
AGGH Omega Ratio Rank: 21
AGGH Calmar Ratio Rank: 24
AGGH Martin Ratio Rank: 22

TLTW

TLTW Risk / Return Rank: 37
TLTW Sharpe Ratio Rank: 38
TLTW Sortino Ratio Rank: 34
TLTW Omega Ratio Rank: 32
TLTW Calmar Ratio Rank: 47
TLTW Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGGH vs. TLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Aggregate Bond ETF (AGGH) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AGGH	TLTW	Difference
Sharpe ratio Return per unit of total volatility	0.42	0.75	-0.33
Sortino ratio Return per unit of downside risk	0.64	1.05	-0.41
Omega ratio Gain probability vs. loss probability	1.08	1.14	-0.05
Calmar ratio Return relative to maximum drawdown	0.56	1.28	-0.72
Martin ratio Return relative to average drawdown	1.52	3.35	-1.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGGH vs. TLTW - Sharpe Ratio Comparison

The current AGGH Sharpe Ratio is 0.42, which is lower than the TLTW Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of AGGH and TLTW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AGGH	TLTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	0.75	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	-0.03	+0.29

Correlation

The correlation between AGGH and TLTW is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AGGH vs. TLTW - Dividend Comparison

AGGH's dividend yield for the trailing twelve months is around 7.57%, less than TLTW's 13.67% yield.

	TTM	2025	2024	2023	2022
AGGH Simplify Aggregate Bond ETF	7.57%	7.54%	8.97%	9.51%	2.11%
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	13.67%	14.82%	14.47%	19.59%	8.71%

Drawdowns

AGGH vs. TLTW - Drawdown Comparison

The maximum AGGH drawdown since its inception was -13.26%, smaller than the maximum TLTW drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for AGGH and TLTW.

Drawdown Indicators

	AGGH	TLTW	Difference
Max Drawdown Largest peak-to-trough decline	-13.26%	-18.61%	+5.35%
Max Drawdown (1Y) Largest decline over 1 year	-6.50%	-5.80%	-0.70%
Current Drawdown Current decline from peak	-2.01%	-3.02%	+1.01%
Average Drawdown Average peak-to-trough decline	-4.57%	-8.49%	+3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.21%	+0.19%

Volatility

AGGH vs. TLTW - Volatility Comparison

The current volatility for Simplify Aggregate Bond ETF (AGGH) is 1.87%, while iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) has a volatility of 3.46%. This indicates that AGGH experiences smaller price fluctuations and is considered to be less risky than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGGH	TLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.87%	3.46%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	3.49%	5.80%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	8.56%	8.88%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.57%	11.55%	-2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.57%	11.55%	-2.98%