BUCK vs. GGOV
BUCK (Simplify Treasury Option Income ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - BUCK is a Government Bonds fund actively managed by Simplify, while GGOV is a Global Bonds fund actively managed by iShares. Both are actively managed. Over the past year, BUCK returned 5.54% vs -0.42% for GGOV. Their 0.12 correlation means their historical movements had little consistent relationship. BUCK charges 0.35%/yr vs 0.39%/yr for GGOV.
Performance
BUCK vs. GGOV - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BUCK having a 2.60% return and GGOV slightly higher at 2.61%.
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%
GGOV
- 1D
- 0.12%
- 1M
- -0.10%
- 6M
- 3.17%
- YTD
- 2.61%
- 1Y
- -0.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.71M | $3.67M | $3.97M | |
| $49.16M | $62.50M | $78.51M |
BUCK vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BUCK Simplify Treasury Option Income ETF | 2.60% | 4.31% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.61% | -2.80% |
Correlation
The correlation between BUCK and GGOV is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.12 |
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Return for Risk
BUCK vs. GGOV — Risk / Return Rank
BUCK
GGOV
BUCK vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Treasury Option Income ETF (BUCK) and iShares Global Government Bond USD Hedged Active ETF (GGOV). 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 | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.99 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 6.65 | -0.09 | +6.74 |
| Martin ratioReturn relative to average drawdown | 31.30 | -0.19 | +31.50 |
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Drawdowns
BUCK vs. GGOV - Drawdown Comparison
The maximum BUCK drawdown since its inception was -5.43%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for BUCK and GGOV.
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Drawdown Indicators
| BUCK | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.43% | -4.69% | -0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -4.69% | +3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -5.43% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.20% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -1.54% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 2.15% | -1.97% |
Volatility
BUCK vs. GGOV - Volatility Comparison
The current volatility for Simplify Treasury Option Income ETF (BUCK) is 0.42%, while iShares Global Government Bond USD Hedged Active ETF (GGOV) has a volatility of 0.78%. This indicates that BUCK experiences smaller price fluctuations and is considered to be less risky than GGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUCK | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 0.78% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.25% | 3.57% | -2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.47% | 5.22% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.42% | 5.08% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.42% | 5.08% | -1.66% |
BUCK vs. GGOV - Expense Ratio Comparison
BUCK has a 0.35% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
BUCK vs. GGOV - Dividend Comparison
BUCK's dividend yield for the trailing twelve months is around 7.19%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BUCK Simplify Treasury Option Income ETF | 7.19% | 7.59% | 8.84% | 4.84% | 0.59% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BUCK and GGOV have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGOV has higher volatility (0.78%) compared to BUCK (0.42%). In terms of maximum drawdown, BUCK dropped -5.43% vs GGOV's -4.69%.
On 1-year performance, BUCK leads with 5.54% vs -0.42% for GGOV. On fees, BUCK is cheaper at 0.35% per year. On volatility, BUCK has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BUCK has performed better with a 5.54% return vs -0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BUCK is cheaper with a 0.35% expense ratio, compared with 0.39% for GGOV.
BUCK has the higher dividend yield at 7.19%, compared with 0.00% for GGOV.
BUCK is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.35% for BUCK and 0.39% for GGOV.
BUCK currently has the higher Sharpe Ratio (2.26 vs -0.08), 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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