BUCK vs. AWF
BUCK (Simplify Treasury Option Income ETF) and AWF (AllianceBernstein Global High Income Closed Fund) are both funds - BUCK is a Government Bonds fund actively managed by Simplify, while AWF is a High Yield Bonds fund actively managed by AllianceBernstein. Both are actively managed. Over the past 3 years, BUCK returned 5.24%/yr vs 8.78%/yr for AWF. Their 0.11 correlation means their historical movements had little consistent relationship. BUCK charges 0.35%/yr vs 1.00%/yr for AWF.
Performance
BUCK vs. AWF - Performance Comparison
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Returns By Period
In the year-to-date period, BUCK achieves a 2.60% return, which is significantly higher than AWF's -1.31% return.
BUCK
- 1D
- 0.17%
- 1M
- 0.34%
- 6M
- 1.97%
- YTD
- 2.60%
- 1Y
- 5.54%
- 3Y*
- 5.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.10%
AWF
- 1D
- 0.50%
- 1M
- -0.59%
- 6M
- -1.56%
- YTD
- -1.31%
- 1Y
- -1.92%
- 3Y*
- 8.78%
- 5Y*
- 3.59%
- 10Y*
- 5.40%
- ALL TIME*
- 6.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.79M | $3.34M | $3.76M | |
| $3.71M | $3.67M | $3.97M |
BUCK vs. AWF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BUCK Simplify Treasury Option Income ETF | 2.60% | 4.13% | 7.25% | 4.63% | 0.59% |
AWF AllianceBernstein Global High Income Closed Fund | -1.31% | 7.54% | 14.30% | 18.37% | 0.64% |
Correlation
The correlation between BUCK and AWF is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.11 |
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Return for Risk
BUCK vs. AWF — Risk / Return Rank
BUCK
AWF
BUCK vs. AWF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Treasury Option Income ETF (BUCK) and AllianceBernstein Global High Income Closed Fund (AWF). 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.
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.
| BUCK | AWF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.48 | ||
| Sortino ratioReturn per unit of downside risk | +3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.97 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 6.65 | -0.19 | +6.84 |
| Martin ratioReturn relative to average drawdown | 31.30 | -0.40 | +31.70 |
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Drawdowns
BUCK vs. AWF - Drawdown Comparison
The maximum BUCK drawdown since its inception was -5.43%, smaller than the maximum AWF drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for BUCK and AWF.
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Drawdown Indicators
| BUCK | AWF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.43% | -55.54% | +50.11% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -10.19% | +9.35% |
Max Drawdown (3Y)Largest decline over 3 years | -5.43% | -11.12% | +5.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.43% | +5.43% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -12.27% | +11.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 4.81% | -4.63% |
Volatility
BUCK vs. AWF - Volatility Comparison
The current volatility for Simplify Treasury Option Income ETF (BUCK) is 0.42%, while AllianceBernstein Global High Income Closed Fund (AWF) has a volatility of 1.77%. This indicates that BUCK experiences smaller price fluctuations and is considered to be less risky than AWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUCK | AWF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 1.77% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.25% | 7.47% | -6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.47% | 8.48% | -6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.42% | 12.09% | -8.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.42% | 15.18% | -11.76% |
BUCK vs. AWF - Expense Ratio Comparison
BUCK has a 0.35% expense ratio, which is lower than AWF's 1.00% expense ratio.
Dividends
BUCK vs. AWF - Dividend Comparison
BUCK's dividend yield for the trailing twelve months is around 7.19%, less than AWF's 7.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWF AllianceBernstein Global High Income Closed Fund | 7.75% | 7.81% | 7.47% | 7.33% | 10.30% | 6.48% | 6.68% | 6.62% | 7.97% | 6.03% | 7.73% | 10.28% |
BUCK Simplify Treasury Option Income ETF | 7.19% | 7.59% | 8.84% | 4.84% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BUCK and AWF have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWF has higher volatility (1.77%) compared to BUCK (0.42%). In terms of maximum drawdown, BUCK dropped -5.43% vs AWF's -55.54%.
BUCK currently has the higher Sharpe Ratio (2.26 vs -0.23), 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.
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