CAS vs. IBTG
CAS (Simplify China A Shares PLUS Income ETF) and IBTG (iShares iBonds Dec 2026 Term Treasury ETF) are both exchange-traded funds - CAS is a China Equities fund actively managed by Simplify, while IBTG is a Government Bonds fund tracking the ICE 2026 Maturity US Treasury Index. CAS is actively managed, while IBTG is passively managed. At a correlation of -0.39, they often move in opposite directions. CAS charges 0.88%/yr vs 0.07%/yr for IBTG.
Performance
CAS vs. IBTG - Performance Comparison
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Returns By Period
CAS
- 1D
- -0.94%
- 1M
- 2.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTG
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 1.73%
- YTD
- 1.82%
- 1Y
- 3.99%
- 3Y*
- 4.51%
- 5Y*
- 0.83%
- 10Y*
- —
CAS vs. IBTG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CAS Simplify China A Shares PLUS Income ETF | -1.43% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 0.43% |
Correlation
The correlation between CAS and IBTG is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | -0.39 |
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Return for Risk
CAS vs. IBTG — Risk / Return Rank
CAS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBTG
CAS vs. IBTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) and iShares iBonds Dec 2026 Term Treasury ETF (IBTG). 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.
| CAS | IBTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 4.50 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 61.30 | — |
| Martin ratioReturn relative to average drawdown | — | 271.17 | — |
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Drawdowns
CAS vs. IBTG - Drawdown Comparison
The maximum CAS drawdown since its inception was -7.26%, smaller than the maximum IBTG drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for CAS and IBTG.
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Drawdown Indicators
| CAS | IBTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.26% | -13.62% | +6.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.07% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.31% | — |
Current DrawdownCurrent decline from peak | -4.94% | 0.00% | -4.94% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -4.82% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.01% | — |
Volatility
CAS vs. IBTG - Volatility Comparison
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Volatility by Period
| CAS | IBTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.04% | 0.50% | +29.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.04% | 3.24% | +26.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.04% | 3.42% | +26.62% |
CAS vs. IBTG - Expense Ratio Comparison
CAS has a 0.88% expense ratio, which is higher than IBTG's 0.07% expense ratio.
Dividends
CAS vs. IBTG - Dividend Comparison
CAS's dividend yield for the trailing twelve months is around 0.36%, less than IBTG's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CAS Simplify China A Shares PLUS Income ETF | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.92% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% |
Frequently Asked Questions
CAS and IBTG have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTG is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTG is cheaper with a 0.07% expense ratio, compared with 0.88% for CAS.
IBTG has the higher dividend yield at 3.92%, compared with 0.36% for CAS.
CAS is categorized as China Equities, while IBTG is Government Bonds. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.88% for CAS and 0.07% for IBTG.
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