BUCK vs. TFLO
BUCK (Simplify Treasury Option Income ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both Government Bonds funds. BUCK is actively managed, while TFLO is passively managed. Over the past 3 years, BUCK returned 5.27%/yr vs 4.74%/yr for TFLO. At a 0.00 correlation, their price movements are largely independent. BUCK charges 0.35%/yr vs 0.15%/yr for TFLO.
Performance
BUCK vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, BUCK achieves a 1.99% return, which is significantly higher than TFLO's 1.59% return.
BUCK
- 1D
- 0.09%
- 1M
- 0.43%
- YTD
- 1.99%
- 6M
- 1.92%
- 1Y
- 7.46%
- 3Y*
- 5.27%
- 5Y*
- —
- 10Y*
- —
TFLO
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.59%
- 6M
- 1.92%
- 1Y
- 3.97%
- 3Y*
- 4.74%
- 5Y*
- 3.63%
- 10Y*
- 2.36%
BUCK vs. TFLO - 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% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.59% | 4.22% | 5.34% | 5.12% | 0.73% |
Correlation
The correlation between BUCK and TFLO 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 (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022 | 0.00 |
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Return for Risk
BUCK vs. TFLO — Risk / Return Rank
BUCK
TFLO
BUCK vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Treasury Option Income ETF (BUCK) and iShares Treasury Floating Rate Bond ETF (TFLO). 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 | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.67 | ||
| Sortino ratioReturn per unit of downside risk | -47.26 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 13.94 | -12.43 |
| Calmar ratioReturn relative to maximum drawdown | 5.73 | 201.22 | -195.50 |
| Martin ratioReturn relative to average drawdown | 30.33 | 823.26 | -792.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BUCK | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 14.09 | -11.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 10.30 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 5.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.48 | 0.99 | +0.49 |
Drawdowns
BUCK vs. TFLO - Drawdown Comparison
The maximum BUCK drawdown since its inception was -5.43%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for BUCK and TFLO.
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Drawdown Indicators
| BUCK | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.43% | -5.01% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.31% | -0.02% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.43% | -0.04% | -5.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.16% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -0.10% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.00% | +0.25% |
Volatility
BUCK vs. TFLO - Volatility Comparison
Simplify Treasury Option Income ETF (BUCK) has a higher volatility of 0.70% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that BUCK's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUCK | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.07% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 0.20% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 0.28% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 0.35% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 0.46% | +3.02% |
BUCK vs. TFLO - Expense Ratio Comparison
BUCK has a 0.35% expense ratio, which is higher than TFLO's 0.15% expense ratio.
Dividends
BUCK vs. TFLO - Dividend Comparison
BUCK's dividend yield for the trailing twelve months is around 7.41%, more than TFLO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUCK Simplify Treasury Option Income ETF | 7.41% | 7.59% | 8.84% | 4.84% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 3.90% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Frequently Asked Questions
BUCK and TFLO 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.
BUCK has higher volatility (0.70%) compared to TFLO (0.07%). In terms of maximum drawdown, BUCK dropped -5.43% vs TFLO's -5.01%.
On 3-year performance, BUCK leads with 5.27% vs 4.74% for TFLO. On fees, TFLO is cheaper at 0.15% per year. On volatility, TFLO has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BUCK has performed better with a 5.27% return vs 4.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TFLO is cheaper with a 0.15% expense ratio, compared with 0.35% for BUCK.
BUCK has the higher dividend yield at 7.41%, compared with 3.90% for TFLO.
They also come from different issuers: Simplify and iShares. Their fees differ too: 0.35% for BUCK and 0.15% for TFLO.
TFLO currently has the higher Sharpe Ratio (14.09 vs 2.42), 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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