BUCK vs. IBIT
BUCK (Simplify Treasury Option Income ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BUCK is a Government Bonds fund actively managed by Simplify, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. BUCK is actively managed, while IBIT is passively managed. Over the past year, BUCK returned 7.65% vs -39.67% for IBIT. At a 0.05 correlation, their price movements are largely independent. BUCK charges 0.35%/yr vs 0.25%/yr for IBIT.
Performance
BUCK vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BUCK achieves a 2.07% return, which is significantly higher than IBIT's -27.41% return.
BUCK
- 1D
- 0.04%
- 1M
- 0.55%
- YTD
- 2.07%
- 6M
- 2.46%
- 1Y
- 7.65%
- 3Y*
- 5.27%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BUCK vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BUCK Simplify Treasury Option Income ETF | 2.07% | 4.13% | 7.10% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between BUCK and IBIT 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 (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.05 |
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Return for Risk
BUCK vs. IBIT — Risk / Return Rank
BUCK
IBIT
BUCK vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Treasury Option Income ETF (BUCK) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.32 | ||
| Sortino ratioReturn per unit of downside risk | +4.86 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 0.85 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 5.60 | -0.78 | +6.38 |
| Martin ratioReturn relative to average drawdown | 30.21 | -1.37 | +31.59 |
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Drawdowns
BUCK vs. IBIT - Drawdown Comparison
The maximum BUCK drawdown since its inception was -5.43%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for BUCK and IBIT.
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Drawdown Indicators
| BUCK | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.43% | -52.11% | +46.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.31% | -52.11% | +50.80% |
Max Drawdown (3Y)Largest decline over 3 years | -5.43% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -49.45% | +49.45% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -16.53% | +16.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 29.64% | -29.40% |
Volatility
BUCK vs. IBIT - Volatility Comparison
The current volatility for Simplify Treasury Option Income ETF (BUCK) is 0.58%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that BUCK experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUCK | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 12.07% | -11.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 34.45% | -33.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 44.10% | -41.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.47% | 50.26% | -46.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 50.26% | -46.79% |
BUCK vs. IBIT - Expense Ratio Comparison
BUCK has a 0.35% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
BUCK vs. IBIT - Dividend Comparison
BUCK's dividend yield for the trailing twelve months is around 7.40%, while IBIT 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% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BUCK and IBIT 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.
IBIT has higher volatility (12.07%) compared to BUCK (0.58%). In terms of maximum drawdown, BUCK dropped -5.43% vs IBIT's -52.11%.
On 1-year performance, BUCK leads with 7.65% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, BUCK has been the lower-risk option at 0.58%. 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 7.65% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.35% for BUCK.
BUCK has the higher dividend yield at 7.40%, compared with 0.00% for IBIT.
BUCK is categorized as Government Bonds, while IBIT is Cryptocurrency. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.35% for BUCK and 0.25% for IBIT.
BUCK currently has the higher Sharpe Ratio (2.40 vs -0.92), 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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