FSEC vs. TUA
Compare and contrast key facts about Fidelity Investment Grade Securitized ETF (FSEC) and Simplify Short Term Treasury Futures Strategy ETF (TUA).
FSEC and TUA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSEC is an actively managed fund by Fidelity. It was launched on Mar 2, 2021. TUA is an actively managed fund by Simplify. It was launched on Nov 14, 2022.
Performance
FSEC vs. TUA - Performance Comparison
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FSEC vs. TUA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FSEC Fidelity Investment Grade Securitized ETF | 0.26% | 8.33% | 2.40% | 5.22% | 0.78% |
TUA Simplify Short Term Treasury Futures Strategy ETF | -3.21% | 7.27% | -3.59% | -2.04% | -0.81% |
Returns By Period
In the year-to-date period, FSEC achieves a 0.26% return, which is significantly higher than TUA's -3.21% return.
FSEC
- 1D
- -0.11%
- 1M
- -1.79%
- YTD
- 0.26%
- 6M
- 1.94%
- 1Y
- 5.28%
- 3Y*
- 4.54%
- 5Y*
- 0.45%
- 10Y*
- —
TUA
- 1D
- 0.24%
- 1M
- -4.04%
- YTD
- -3.21%
- 6M
- -2.23%
- 1Y
- -0.42%
- 3Y*
- -1.82%
- 5Y*
- —
- 10Y*
- —
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FSEC vs. TUA - Expense Ratio Comparison
FSEC has a 0.36% expense ratio, which is higher than TUA's 0.16% expense ratio.
Return for Risk
FSEC vs. TUA — Risk / Return Rank
FSEC
TUA
FSEC vs. TUA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Securitized ETF (FSEC) and Simplify Short Term Treasury Futures Strategy ETF (TUA). 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.
| FSEC | TUA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | -0.05 | +0.88 |
Sortino ratioReturn per unit of downside risk | 1.20 | -0.02 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.00 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | -0.02 | +1.34 |
Martin ratioReturn relative to average drawdown | 3.57 | -0.07 | +3.64 |
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
| FSEC | TUA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | -0.05 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.08 | +0.13 |
Correlation
The correlation between FSEC and TUA is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FSEC vs. TUA - Dividend Comparison
FSEC's dividend yield for the trailing twelve months is around 4.43%, more than TUA's 3.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSEC Fidelity Investment Grade Securitized ETF | 4.43% | 4.22% | 3.22% | 3.41% | 2.21% | 0.96% |
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.74% | 3.84% | 5.19% | 4.83% | 0.15% | 0.00% |
Drawdowns
FSEC vs. TUA - Drawdown Comparison
The maximum FSEC drawdown since its inception was -17.97%, which is greater than TUA's maximum drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for FSEC and TUA.
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Drawdown Indicators
| FSEC | TUA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.97% | -15.85% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -6.04% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -17.97% | — | — |
Current DrawdownCurrent decline from peak | -1.79% | -8.00% | +6.21% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -8.35% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 2.10% | -0.60% |
Volatility
FSEC vs. TUA - Volatility Comparison
The current volatility for Fidelity Investment Grade Securitized ETF (FSEC) is 1.92%, while Simplify Short Term Treasury Futures Strategy ETF (TUA) has a volatility of 3.08%. This indicates that FSEC experiences smaller price fluctuations and is considered to be less risky than TUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEC | TUA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 3.08% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 4.61% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 7.65% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.72% | 10.94% | -4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 10.94% | -4.26% |