BUCK vs. VGLT

Last updated Aug 5, 2026

BUCK (Simplify Treasury Option Income ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both Government Bonds funds. BUCK is actively managed, while VGLT is passively managed. Over the past 3 years, BUCK returned 5.23%/yr vs 0.21%/yr for VGLT. Their 0.15 correlation means their historical movements had little consistent relationship. BUCK charges 0.35%/yr vs 0.03%/yr for VGLT.

Performance

BUCK vs. VGLT - Performance Comparison

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

Returns By Period

In the year-to-date period, BUCK achieves a 2.55% return, which is significantly higher than VGLT's -2.15% return.

BUCK

• 1D: -0.04%
• 1M: 0.30%
• 6M: 1.63%
• YTD: 2.55%
• 1Y: 5.36%
• 3Y*: 5.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.08%

VGLT

• 1D: 0.78%
• 1M: -2.40%
• 6M: -1.94%
• YTD: -2.15%
• 1Y: -0.79%
• 3Y*: 0.21%
• 5Y*: -6.97%
• 10Y*: -1.64%
• ALL TIME*: 2.33%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUCK Simplify Treasury Option Income ETF	$4.11M	$3.83M	$4.04M
VGLT Vanguard Long-Term Treasury ETF	$99.45M	$99.43M	$109.17M

BUCK vs. VGLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	2.55%	4.13%	7.25%	4.63%	0.59%
VGLT Vanguard Long-Term Treasury ETF	-2.15%	5.35%	-6.28%	3.27%	2.99%

Correlation

The correlation between BUCK and VGLT is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (3Y) Balances recent behavior with more history.	0.20
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.15

Return for Risk

BUCK vs. VGLT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BUCK

BUCK Risk / Return Rank: 91
BUCK Sharpe Ratio Rank: 85
BUCK Sortino Ratio Rank: 86
BUCK Omega Ratio Rank: 90
BUCK Calmar Ratio Rank: 96
BUCK Martin Ratio Rank: 97

VGLT

VGLT Risk / Return Rank: 8
VGLT Sharpe Ratio Rank: 9
VGLT Sortino Ratio Rank: 8
VGLT Omega Ratio Rank: 8
VGLT Calmar Ratio Rank: 9
VGLT Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BUCK vs. VGLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Treasury Option Income ETF (BUCK) and Vanguard Long-Term Treasury ETF (VGLT). 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	VGLT	Difference
Sharpe ratio: Return per unit of total volatility	2.18	-0.09	+2.28
Sortino ratio: Return per unit of downside risk	3.13	-0.07	+3.20
Omega ratio: Gain probability vs. loss probability	1.45	0.99	+0.46
Calmar ratio: Return relative to maximum drawdown	6.43	-0.11	+6.55
Martin ratio: Return relative to average drawdown	30.29	-0.24	+30.54

BUCK vs. VGLT - Sharpe Ratio Comparison

The current BUCK Sharpe Ratio is 2.18, which is higher than the VGLT Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of BUCK and VGLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUCK vs. VGLT - Drawdown Comparison

The maximum BUCK drawdown since its inception was -5.43%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for BUCK and VGLT.

Drawdown Indicators

	BUCK	VGLT	Difference
Max Drawdown Largest peak-to-trough decline	-5.43%	-46.18%	+40.75%
Max Drawdown (1Y) Largest decline over 1 year	-0.84%	-7.03%	+6.19%
Max Drawdown (3Y) Largest decline over 3 years	-5.43%	-13.38%	+7.95%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.18%	—
Current Drawdown Current decline from peak	-0.04%	-37.93%	+37.89%
Average Drawdown Average peak-to-trough decline	-0.47%	-15.28%	+14.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	3.24%	-3.06%

Volatility

BUCK vs. VGLT - Volatility Comparison

The current volatility for Simplify Treasury Option Income ETF (BUCK) is 0.42%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 2.48%. This indicates that BUCK experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUCK	VGLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.42%	2.48%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	1.25%	6.36%	-5.11%
Volatility (1Y) Calculated over the trailing 1-year period	2.47%	8.41%	-5.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.42%	14.46%	-11.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.42%	13.74%	-10.32%

BUCK vs. VGLT - Expense Ratio Comparison

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

Dividends

BUCK vs. VGLT - Dividend Comparison

BUCK's dividend yield for the trailing twelve months is around 7.19%, more than VGLT's 4.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUCK Simplify Treasury Option Income ETF	7.19%	7.59%	8.84%	4.84%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGLT Vanguard Long-Term Treasury ETF	4.74%	4.44%	4.33%	3.33%	2.84%	1.82%	2.15%	2.46%	2.71%	2.55%	2.69%	3.21%

Frequently Asked Questions

Can I hold both BUCK and VGLT in my portfolio?

BUCK and VGLT have a correlation of 0.17, 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 VGLT?

VGLT has higher volatility (2.48%) compared to BUCK (0.42%). In terms of maximum drawdown, BUCK dropped -5.43% vs VGLT's -46.18%.

Which ETF is better, BUCK or VGLT?

On 3-year performance, BUCK leads with 5.23% vs 0.21% for VGLT. On fees, VGLT is cheaper at 0.03% 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.

Which ETF has performed better, BUCK or VGLT?

Over the 3-year period, BUCK has performed better with a 5.23% return vs 0.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUCK or VGLT?

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

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

BUCK has the higher dividend yield at 7.19%, compared with 4.74% for VGLT.

What is the main difference between BUCK and VGLT?

They also come from different issuers: Simplify and Vanguard. Their fees differ too: 0.35% for BUCK and 0.03% for VGLT.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.18 vs -0.09), 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.