BUCK vs. GGOV

Last updated Jun 24, 2026

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 managed by iShares. At a 0.10 correlation, their price movements are largely independent. BUCK charges 0.35%/yr vs 0.39%/yr for GGOV.

Performance

BUCK vs. GGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Treasury Option Income ETF (BUCK) and iShares Global Government Bond USD Hedged Active ETF (GGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUCK achieves a 2.12% return, which is significantly lower than GGOV's 2.75% return.

BUCK

• 1D: 0.04%
• 1M: 0.21%
• YTD: 2.12%
• 6M: 1.99%
• 1Y: 6.93%
• 3Y*: 5.24%
• 5Y*: —
• 10Y*: —

GGOV

• 1D: 0.02%
• 1M: 0.60%
• YTD: 2.75%
• 6M: 2.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BUCK vs. GGOV - Yearly Performance Comparison

	2026 (YTD)	2025
BUCK Simplify Treasury Option Income ETF	2.12%	4.31%
GGOV iShares Global Government Bond USD Hedged Active ETF	2.75%	-2.80%

Correlation

The correlation between BUCK and GGOV is 0.10, 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 (All Time) Calculated using the full available price history since Jun 26, 2025	0.10

Return for Risk

BUCK vs. GGOV — Risk / Return Rank

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

BUCK

BUCK Risk / Return Rank: 86
BUCK Sharpe Ratio Rank: 77
BUCK Sortino Ratio Rank: 82
BUCK Omega Ratio Rank: 86
BUCK Calmar Ratio Rank: 90
BUCK Martin Ratio Rank: 95

GGOV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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 ratio: Return per unit of total volatility	2.34	—	—
Sortino ratio: Return per unit of downside risk	3.44	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	5.32	—	—
Martin ratio: Return relative to average drawdown	28.71	—	—

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.

Drawdown Indicators

	BUCK	GGOV	Difference
Max Drawdown Largest peak-to-trough decline	-5.43%	-4.69%	-0.74%
Max Drawdown (1Y) Largest decline over 1 year	-1.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.43%	—	—
Current Drawdown Current decline from peak	-0.04%	-1.06%	+1.02%
Average Drawdown Average peak-to-trough decline	-0.49%	-1.57%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.24%	—	—

Volatility

Volatility by Period

	BUCK	GGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.98%	5.28%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.46%	5.28%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.46%	5.28%	-1.82%

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 7.40%, while GGOV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	7.40%	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

Can I hold both BUCK and GGOV in my portfolio?

BUCK and GGOV have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BUCK or GGOV?

On fees, BUCK is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BUCK or GGOV?

BUCK is cheaper with a 0.35% expense ratio, compared with 0.39% for GGOV.

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

BUCK has the higher dividend yield at 7.40%, compared with 0.00% for GGOV.

What is the main difference between BUCK and 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.