AGRH vs. BUCK

Last updated Jun 4, 2026

AGRH (iShares Interest Rate Hedged U.S. Aggregate Bond ETF) and BUCK (Simplify Treasury Option Income ETF) are both exchange-traded funds - AGRH is a Ultrashort Bond fund tracking the BlackRock Interest Rate Hedged U.S. Aggregate Bond Index - Benchmark TR Gross, while BUCK is a Government Bonds fund actively managed by Simplify. AGRH is passively managed, while BUCK is actively managed. Over the past 3 years, AGRH returned 5.97%/yr vs 5.27%/yr for BUCK. At a 0.02 correlation, their price movements are largely independent. AGRH charges 0.13%/yr vs 0.35%/yr for BUCK.

Performance

AGRH vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and Simplify Treasury Option Income ETF (BUCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGRH achieves a 1.78% return, which is significantly lower than BUCK's 1.90% return.

AGRH

• 1D: -0.04%
• 1M: 0.73%
• YTD: 1.78%
• 6M: 2.44%
• 1Y: 6.30%
• 3Y*: 5.97%
• 5Y*: —
• 10Y*: —

BUCK

• 1D: 0.02%
• 1M: 0.38%
• YTD: 1.90%
• 6M: 2.09%
• 1Y: 7.95%
• 3Y*: 5.27%
• 5Y*: —
• 10Y*: —

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

AGRH vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF	1.78%	6.00%	5.93%	6.40%	1.73%
BUCK Simplify Treasury Option Income ETF	1.90%	4.13%	7.25%	4.63%	0.39%

Correlation

The correlation between AGRH and BUCK is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.02

AGRH vs. BUCK - Sectors Allocation Comparison

Sectors	AGRH	BUCK
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

AGRH vs. BUCK — Risk / Return Rank

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

AGRH

AGRH Risk / Return Rank: 97
AGRH Sharpe Ratio Rank: 96
AGRH Sortino Ratio Rank: 98
AGRH Omega Ratio Rank: 98
AGRH Calmar Ratio Rank: 96
AGRH Martin Ratio Rank: 97

BUCK

BUCK Risk / Return Rank: 87
BUCK Sharpe Ratio Rank: 77
BUCK Sortino Ratio Rank: 84
BUCK Omega Ratio Rank: 86
BUCK Calmar Ratio Rank: 92
BUCK Martin Ratio Rank: 95

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.

AGRH vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and Simplify Treasury Option Income ETF (BUCK). 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.

	AGRH	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	4.41	2.54	+1.87
Sortino ratio: Return per unit of downside risk	7.67	3.83	+3.84
Omega ratio: Gain probability vs. loss probability	2.12	1.54	+0.57
Calmar ratio: Return relative to maximum drawdown	9.44	6.11	+3.33
Martin ratio: Return relative to average drawdown	44.94	32.31	+12.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGRH vs. BUCK - Sharpe Ratio Comparison

The current AGRH Sharpe Ratio is 4.41, which is higher than the BUCK Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of AGRH and BUCK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGRH	BUCK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.41	2.54	+1.87
Sharpe Ratio (All Time) Calculated using the full available price history	3.13	1.47	+1.66

Drawdowns

AGRH vs. BUCK - Drawdown Comparison

The maximum AGRH drawdown since its inception was -1.73%, smaller than the maximum BUCK drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for AGRH and BUCK.

Drawdown Indicators

	AGRH	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-1.73%	-5.43%	+3.70%
Max Drawdown (1Y) Largest decline over 1 year	-0.67%	-1.31%	+0.64%
Max Drawdown (3Y) Largest decline over 3 years	-1.73%	-5.43%	+3.70%
Current Drawdown Current decline from peak	-0.07%	-0.04%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.16%	-0.49%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.14%	0.25%	-0.11%

Volatility

AGRH vs. BUCK - Volatility Comparison

The current volatility for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) is 0.43%, while Simplify Treasury Option Income ETF (BUCK) has a volatility of 0.70%. This indicates that AGRH experiences smaller price fluctuations and is considered to be less risky than BUCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGRH	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	0.70%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	1.00%	1.53%	-0.53%
Volatility (1Y) Calculated over the trailing 1-year period	1.44%	3.14%	-1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.78%	3.49%	-1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.78%	3.49%	-1.71%

AGRH vs. BUCK - Expense Ratio Comparison

AGRH has a 0.13% expense ratio, which is lower than BUCK's 0.35% expense ratio.

Dividends

AGRH vs. BUCK - Dividend Comparison

AGRH's dividend yield for the trailing twelve months is around 4.18%, less than BUCK's 7.42% yield.

Position	TTM	2025	2024	2023	2022
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF	4.18%	4.63%	5.17%	4.69%	1.24%
BUCK Simplify Treasury Option Income ETF	7.42%	7.59%	8.84%	4.84%	0.59%

Frequently Asked Questions

Can I hold both AGRH and BUCK in my portfolio?

AGRH and BUCK have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGRH or BUCK?

BUCK has higher volatility (0.70%) compared to AGRH (0.43%). In terms of maximum drawdown, AGRH dropped -1.73% vs BUCK's -5.43%.

Which ETF is better, AGRH or BUCK?

On 3-year performance, AGRH leads with 5.97% vs 5.27% for BUCK. On fees, AGRH is cheaper at 0.13% per year. On volatility, AGRH has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGRH or BUCK?

Over the 3-year period, AGRH has performed better with a 5.97% return vs 5.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGRH or BUCK?

AGRH is cheaper with a 0.13% expense ratio, compared with 0.35% for BUCK.

Which ETF pays a higher dividend yield, AGRH or BUCK?

BUCK has the higher dividend yield at 7.42%, compared with 4.18% for AGRH.

What is the main difference between AGRH and BUCK?

AGRH is categorized as Ultrashort Bond, while BUCK is Government Bonds. They also come from different issuers: iShares and Simplify. Their fees differ too: 0.13% for AGRH and 0.35% for BUCK.

Which has better risk-adjusted returns?

AGRH currently has the higher Sharpe Ratio (4.41 vs 2.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.