FEAT vs. BUCK

Last updated Jun 24, 2026

FEAT (YieldMax Dorsey Wright Featured 5 Income ETF) and BUCK (Simplify Treasury Option Income ETF) are both exchange-traded funds - FEAT is a Derivative Income fund tracking the Nasdaq Dorsey Wright Tactical Option Income Strategy Index, while BUCK is a Government Bonds fund actively managed by Simplify. FEAT is passively managed, while BUCK is actively managed. Over the past year, FEAT returned -10.13% vs 6.93% for BUCK. At a 0.00 correlation, their price movements are largely independent. FEAT charges 1.28%/yr vs 0.35%/yr for BUCK.

Performance

FEAT vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) and Simplify Treasury Option Income ETF (BUCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEAT achieves a -6.78% return, which is significantly lower than BUCK's 2.12% return.

FEAT

• 1D: 0.00%
• 1M: -1.87%
• YTD: -6.78%
• 6M: -8.34%
• 1Y: -10.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUCK

• 1D: 0.04%
• 1M: 0.21%
• YTD: 2.12%
• 6M: 1.99%
• 1Y: 6.93%
• 3Y*: 5.24%
• 5Y*: —
• 10Y*: —

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

FEAT vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	-6.78%	-4.21%	-9.44%
BUCK Simplify Treasury Option Income ETF	2.12%	4.13%	0.41%

Correlation

The correlation between FEAT and BUCK is -0.07, 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	-0.07
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.00

Return for Risk

FEAT vs. BUCK — Risk / Return Rank

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

FEAT

FEAT Risk / Return Rank: 6
FEAT Sharpe Ratio Rank: 6
FEAT Sortino Ratio Rank: 6
FEAT Omega Ratio Rank: 6
FEAT Calmar Ratio Rank: 6
FEAT Martin Ratio Rank: 6

BUCK

BUCK Risk / Return Rank: 86
BUCK Sharpe Ratio Rank: 77
BUCK Sortino Ratio Rank: 82
BUCK Omega Ratio Rank: 86
BUCK Calmar Ratio Rank: 90
BUCK Martin Ratio Rank: 95

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.

FEAT vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) and Simplify Treasury Option Income ETF (BUCK). 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.

	FEAT	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	2.34	-2.69
Sortino ratio: Return per unit of downside risk	-0.30	3.44	-3.73
Omega ratio: Gain probability vs. loss probability	0.96	1.50	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.32	5.32	-5.64
Martin ratio: Return relative to average drawdown	-0.62	28.71	-29.33

FEAT vs. BUCK - Sharpe Ratio Comparison

The current FEAT Sharpe Ratio is -0.35, which is lower than the BUCK Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FEAT and BUCK, 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

FEAT vs. BUCK - Drawdown Comparison

The maximum FEAT drawdown since its inception was -31.68%, which is greater than BUCK's maximum drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for FEAT and BUCK.

Drawdown Indicators

	FEAT	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-31.68%	-5.43%	-26.25%
Max Drawdown (1Y) Largest decline over 1 year	-31.68%	-1.31%	-30.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.43%	—
Current Drawdown Current decline from peak	-20.04%	-0.04%	-20.00%
Average Drawdown Average peak-to-trough decline	-13.61%	-0.49%	-13.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.37%	0.24%	+16.13%

Volatility

FEAT vs. BUCK - Volatility Comparison

YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) has a higher volatility of 8.04% compared to Simplify Treasury Option Income ETF (BUCK) at 0.28%. This indicates that FEAT's price experiences larger fluctuations and is considered to be riskier than BUCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEAT	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.04%	0.28%	+7.76%
Volatility (6M) Calculated over the trailing 6-month period	20.42%	1.37%	+19.05%
Volatility (1Y) Calculated over the trailing 1-year period	28.78%	2.98%	+25.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.37%	3.46%	+26.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.37%	3.46%	+26.91%

FEAT vs. BUCK - Expense Ratio Comparison

FEAT has a 1.28% expense ratio, which is higher than BUCK's 0.35% expense ratio.

Dividends

FEAT vs. BUCK - Dividend Comparison

FEAT's dividend yield for the trailing twelve months is around 85.92%, more than BUCK's 7.40% yield.

Position	TTM	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	7.40%	7.59%	8.84%	4.84%	0.59%
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	85.92%	76.35%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEAT and BUCK in my portfolio?

FEAT and BUCK have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEAT or BUCK?

FEAT has higher volatility (8.04%) compared to BUCK (0.28%). In terms of maximum drawdown, FEAT dropped -31.68% vs BUCK's -5.43%.

Which ETF is better, FEAT or BUCK?

On 1-year performance, BUCK leads with 6.93% vs -10.13% for FEAT. On fees, BUCK is cheaper at 0.35% per year. On volatility, BUCK has been the lower-risk option at 0.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEAT or BUCK?

Over the 1-year period, BUCK has performed better with a 6.93% return vs -10.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEAT or BUCK?

BUCK is cheaper with a 0.35% expense ratio, compared with 1.28% for FEAT.

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

FEAT has the higher dividend yield at 85.92%, compared with 7.40% for BUCK.

What is the main difference between FEAT and BUCK?

FEAT is categorized as Derivative Income, while BUCK is Government Bonds. They also come from different issuers: YieldMax and Simplify. Their fees differ too: 1.28% for FEAT and 0.35% for BUCK.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.34 vs -0.35), 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.