BUCK vs. XHLF

Last updated Jun 5, 2026

BUCK (Simplify Treasury Option Income ETF) and XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) are both Government Bonds funds. BUCK is actively managed, while XHLF is passively managed. Over the past 3 years, BUCK returned 5.27%/yr vs 4.61%/yr for XHLF. At a 0.04 correlation, their price movements are largely independent. BUCK charges 0.35%/yr vs 0.03%/yr for XHLF.

Performance

BUCK vs. XHLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Treasury Option Income ETF (BUCK) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF). 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 XHLF's 1.39% return.

BUCK

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

XHLF

• 1D: 0.00%
• 1M: 0.25%
• YTD: 1.39%
• 6M: 1.69%
• 1Y: 3.92%
• 3Y*: 4.61%
• 5Y*: —
• 10Y*: —

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

BUCK vs. XHLF - 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%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	1.39%	4.21%	5.04%	4.90%	0.69%

Correlation

The correlation between BUCK and XHLF is 0.00, 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	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.04

Return for Risk

BUCK vs. XHLF — 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

XHLF

XHLF Risk / Return Rank: 100
XHLF Sharpe Ratio Rank: 100
XHLF Sortino Ratio Rank: 100
XHLF Omega Ratio Rank: 100
XHLF Calmar Ratio Rank: 100
XHLF Martin Ratio Rank: 100

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. XHLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Treasury Option Income ETF (BUCK) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF). 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	XHLF	Difference
Sharpe ratio: Return per unit of total volatility	2.42	12.43	-10.01
Sortino ratio: Return per unit of downside risk	3.60	45.85	-42.25
Omega ratio: Gain probability vs. loss probability	1.51	11.75	-10.24
Calmar ratio: Return relative to maximum drawdown	5.73	98.81	-93.08
Martin ratio: Return relative to average drawdown	30.33	670.31	-639.98
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. XHLF - Sharpe Ratio Comparison

The current BUCK Sharpe Ratio is 2.42, which is lower than the XHLF Sharpe Ratio of 12.43. The chart below compares the historical Sharpe Ratios of BUCK and XHLF, 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	XHLF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	12.43	-10.01
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	10.74	-9.26

Drawdowns

BUCK vs. XHLF - Drawdown Comparison

The maximum BUCK drawdown since its inception was -5.43%, which is greater than XHLF's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for BUCK and XHLF.

Drawdown Indicators

	BUCK	XHLF	Difference
Max Drawdown Largest peak-to-trough decline	-5.43%	-0.11%	-5.32%
Max Drawdown (1Y) Largest decline over 1 year	-1.31%	-0.04%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	-5.43%	-0.06%	-5.37%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.49%	-0.00%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.01%	+0.24%

Volatility

BUCK vs. XHLF - Volatility Comparison

Simplify Treasury Option Income ETF (BUCK) has a higher volatility of 0.70% compared to BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) at 0.08%. This indicates that BUCK's price experiences larger fluctuations and is considered to be riskier than XHLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUCK	XHLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	0.08%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	1.52%	0.22%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	3.14%	0.32%	+2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.48%	0.42%	+3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.48%	0.42%	+3.06%

BUCK vs. XHLF - Expense Ratio Comparison

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

Dividends

BUCK vs. XHLF - Dividend Comparison

BUCK's dividend yield for the trailing twelve months is around 7.41%, more than XHLF's 3.85% yield.

Position	TTM	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	7.41%	7.59%	8.84%	4.84%	0.59%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	3.85%	3.98%	4.96%	4.50%	0.86%

Frequently Asked Questions

Can I hold both BUCK and XHLF in my portfolio?

BUCK and XHLF have a correlation of 0.00, 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 XHLF?

BUCK has higher volatility (0.70%) compared to XHLF (0.08%). In terms of maximum drawdown, BUCK dropped -5.43% vs XHLF's -0.11%.

Which ETF is better, BUCK or XHLF?

On 3-year performance, BUCK leads with 5.27% vs 4.61% for XHLF. On fees, XHLF is cheaper at 0.03% per year. On volatility, XHLF has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUCK or XHLF?

Over the 3-year period, BUCK has performed better with a 5.27% return vs 4.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUCK or XHLF?

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

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

BUCK has the higher dividend yield at 7.41%, compared with 3.85% for XHLF.

What is the main difference between BUCK and XHLF?

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

Which has better risk-adjusted returns?

XHLF currently has the higher Sharpe Ratio (12.43 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.