BUCK vs. SCHQ

Last updated Jun 5, 2026

BUCK (Simplify Treasury Option Income ETF) and SCHQ (Schwab Long-Term U.S. Treasury ETF) are both Government Bonds funds. BUCK is actively managed, while SCHQ is passively managed. Over the past 3 years, BUCK returned 5.27%/yr vs -0.60%/yr for SCHQ. At a 0.15 correlation, their price movements are largely independent. BUCK charges 0.35%/yr vs 0.03%/yr for SCHQ.

Performance

BUCK vs. SCHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Treasury Option Income ETF (BUCK) and Schwab Long-Term U.S. Treasury ETF (SCHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUCK achieves a 1.99% return, which is significantly higher than SCHQ's -0.17% return.

BUCK

• 1D: 0.09%
• 1M: 0.43%
• YTD: 1.99%
• 6M: 1.92%
• 1Y: 7.46%
• 3Y*: 5.27%
• 5Y*: —
• 10Y*: —

SCHQ

• 1D: 0.26%
• 1M: 0.45%
• YTD: -0.17%
• 6M: -0.99%
• 1Y: 3.87%
• 3Y*: -0.60%
• 5Y*: -5.24%
• 10Y*: —

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

BUCK vs. SCHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	1.99%	4.13%	7.25%	4.63%	0.39%
SCHQ Schwab Long-Term U.S. Treasury ETF	-0.17%	5.50%	-6.44%	3.43%	3.82%

Correlation

The correlation between BUCK and SCHQ is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.15

The correlation between BUCK and SCHQ shifts across timeframes, from 0.15 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

BUCK vs. SCHQ - Sectors Allocation Comparison

Sectors	BUCK	SCHQ
Financial Services	100.0%	1.0%
Basic Materials	-	-
Communication Services	-	3.3%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	4.9%
Utilities	-	-

Return for Risk

BUCK vs. SCHQ — Risk / Return Rank

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

BUCK

BUCK Risk / Return Rank: 85
BUCK Sharpe Ratio Rank: 76
BUCK Sortino Ratio Rank: 81
BUCK Omega Ratio Rank: 85
BUCK Calmar Ratio Rank: 91
BUCK Martin Ratio Rank: 95

SCHQ

SCHQ Risk / Return Rank: 16
SCHQ Sharpe Ratio Rank: 16
SCHQ Sortino Ratio Rank: 15
SCHQ Omega Ratio Rank: 15
SCHQ Calmar Ratio Rank: 16
SCHQ Martin Ratio Rank: 16

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. SCHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Treasury Option Income ETF (BUCK) and Schwab Long-Term U.S. Treasury ETF (SCHQ). 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.

	BUCK	SCHQ	Difference
Sharpe ratio: Return per unit of total volatility	2.42	0.44	+1.97
Sortino ratio: Return per unit of downside risk	3.60	0.69	+2.91
Omega ratio: Gain probability vs. loss probability	1.51	1.08	+0.43
Calmar ratio: Return relative to maximum drawdown	5.73	0.55	+5.17
Martin ratio: Return relative to average drawdown	30.33	1.43	+28.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUCK vs. SCHQ - Sharpe Ratio Comparison

The current BUCK Sharpe Ratio is 2.42, which is higher than the SCHQ Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of BUCK and SCHQ, 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

	BUCK	SCHQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	0.44	+1.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	-0.25	+1.72

Drawdowns

BUCK vs. SCHQ - Drawdown Comparison

The maximum BUCK drawdown since its inception was -5.43%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for BUCK and SCHQ.

Drawdown Indicators

	BUCK	SCHQ	Difference
Max Drawdown Largest peak-to-trough decline	-5.43%	-46.13%	+40.70%
Max Drawdown (1Y) Largest decline over 1 year	-1.31%	-7.01%	+5.70%
Max Drawdown (3Y) Largest decline over 3 years	-5.43%	-17.65%	+12.22%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.93%	—
Current Drawdown Current decline from peak	0.00%	-36.65%	+36.65%
Average Drawdown Average peak-to-trough decline	-0.49%	-26.37%	+25.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	2.71%	-2.46%

Volatility

BUCK vs. SCHQ - Volatility Comparison

The current volatility for Simplify Treasury Option Income ETF (BUCK) is 0.70%, while Schwab Long-Term U.S. Treasury ETF (SCHQ) has a volatility of 2.55%. This indicates that BUCK experiences smaller price fluctuations and is considered to be less risky than SCHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUCK	SCHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	2.55%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	1.52%	5.95%	-4.43%
Volatility (1Y) Calculated over the trailing 1-year period	3.14%	8.93%	-5.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.48%	14.53%	-11.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.48%	15.33%	-11.85%

BUCK vs. SCHQ - Expense Ratio Comparison

BUCK has a 0.35% expense ratio, which is higher than SCHQ's 0.03% expense ratio.

Dividends

BUCK vs. SCHQ - Dividend Comparison

BUCK's dividend yield for the trailing twelve months is around 7.41%, more than SCHQ's 4.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BUCK Simplify Treasury Option Income ETF	7.41%	7.59%	8.84%	4.84%	0.59%	0.00%	0.00%	0.00%
SCHQ Schwab Long-Term U.S. Treasury ETF	4.78%	4.54%	4.58%	3.79%	2.88%	1.69%	1.51%	0.44%

Frequently Asked Questions

Can I hold both BUCK and SCHQ in my portfolio?

BUCK and SCHQ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUCK or SCHQ?

SCHQ has higher volatility (2.55%) compared to BUCK (0.70%). In terms of maximum drawdown, BUCK dropped -5.43% vs SCHQ's -46.13%.

Which ETF is better, BUCK or SCHQ?

On 3-year performance, BUCK leads with 5.27% vs -0.60% for SCHQ. On fees, SCHQ is cheaper at 0.03% per year. On volatility, BUCK has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUCK or SCHQ?

Over the 3-year period, BUCK has performed better with a 5.27% return vs -0.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUCK or SCHQ?

SCHQ is cheaper with a 0.03% expense ratio, compared with 0.35% for BUCK.

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

BUCK has the higher dividend yield at 7.41%, compared with 4.78% for SCHQ.

What is the main difference between BUCK and SCHQ?

They also come from different issuers: Simplify and Charles Schwab. Their fees differ too: 0.35% for BUCK and 0.03% for SCHQ.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.42 vs 0.44), 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.