GOVI vs. BUCK

Last updated Jun 5, 2026

GOVI (Invesco Equal Weight 0-30 Year Treasury ETF) and BUCK (Simplify Treasury Option Income ETF) are both Government Bonds funds. GOVI is passively managed, while BUCK is actively managed. Over the past 3 years, GOVI returned 0.97%/yr vs 5.27%/yr for BUCK. At a 0.15 correlation, their price movements are largely independent. GOVI charges 0.15%/yr vs 0.35%/yr for BUCK.

Performance

GOVI vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) 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, GOVI achieves a -0.34% return, which is significantly lower than BUCK's 1.99% return.

GOVI

• 1D: 0.20%
• 1M: 0.24%
• YTD: -0.34%
• 6M: -0.80%
• 1Y: 3.44%
• 3Y*: 0.97%
• 5Y*: -2.73%
• 10Y*: -0.05%

BUCK

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

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

GOVI vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GOVI Invesco Equal Weight 0-30 Year Treasury ETF	-0.34%	5.84%	-2.95%	3.31%	2.59%
BUCK Simplify Treasury Option Income ETF	1.99%	4.13%	7.25%	4.63%	0.39%

Correlation

The correlation between GOVI and BUCK is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.15

The correlation between GOVI and BUCK shifts across timeframes, from 0.15 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

GOVI vs. BUCK - Sectors Allocation Comparison

Sectors	GOVI	BUCK
Financial Services	0.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GOVI vs. BUCK — Risk / Return Rank

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

GOVI

GOVI Risk / Return Rank: 17
GOVI Sharpe Ratio Rank: 18
GOVI Sortino Ratio Rank: 17
GOVI Omega Ratio Rank: 16
GOVI Calmar Ratio Rank: 17
GOVI Martin Ratio Rank: 18

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

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.

GOVI vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) 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.

	GOVI	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	0.53	2.42	-1.88
Sortino ratio: Return per unit of downside risk	0.81	3.60	-2.79
Omega ratio: Gain probability vs. loss probability	1.09	1.51	-0.42
Calmar ratio: Return relative to maximum drawdown	0.63	5.73	-5.09
Martin ratio: Return relative to average drawdown	1.76	30.33	-28.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOVI vs. BUCK - Sharpe Ratio Comparison

The current GOVI Sharpe Ratio is 0.53, which is lower than the BUCK Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of GOVI 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.

Sharpe Ratios by Period

	GOVI	BUCK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	2.42	-1.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	1.48	-1.16

Drawdowns

GOVI vs. BUCK - Drawdown Comparison

The maximum GOVI drawdown since its inception was -32.70%, which is greater than BUCK's maximum drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for GOVI and BUCK.

Drawdown Indicators

	GOVI	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-32.70%	-5.43%	-27.27%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	-1.31%	-4.14%
Max Drawdown (3Y) Largest decline over 3 years	-11.58%	-5.43%	-6.15%
Max Drawdown (5Y) Largest decline over 5 years	-28.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.70%	—	—
Current Drawdown Current decline from peak	-22.22%	0.00%	-22.22%
Average Drawdown Average peak-to-trough decline	-9.65%	-0.49%	-9.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	0.25%	+1.70%

Volatility

GOVI vs. BUCK - Volatility Comparison

Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) has a higher volatility of 2.03% compared to Simplify Treasury Option Income ETF (BUCK) at 0.70%. This indicates that GOVI'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

	GOVI	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.03%	0.70%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	4.54%	1.52%	+3.02%
Volatility (1Y) Calculated over the trailing 1-year period	6.58%	3.14%	+3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.86%	3.48%	+6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.10%	3.48%	+5.62%

GOVI vs. BUCK - Expense Ratio Comparison

GOVI has a 0.15% expense ratio, which is lower than BUCK's 0.35% expense ratio.

Dividends

GOVI vs. BUCK - Dividend Comparison

GOVI's dividend yield for the trailing twelve months is around 3.82%, less than BUCK's 7.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUCK Simplify Treasury Option Income ETF	7.41%	7.59%	8.84%	4.84%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GOVI Invesco Equal Weight 0-30 Year Treasury ETF	3.82%	3.75%	3.56%	2.87%	1.97%	1.15%	1.00%	1.96%	2.14%	2.02%	2.00%	2.14%

Frequently Asked Questions

Can I hold both GOVI and BUCK in my portfolio?

GOVI and BUCK have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOVI or BUCK?

GOVI has higher volatility (2.03%) compared to BUCK (0.70%). In terms of maximum drawdown, GOVI dropped -32.70% vs BUCK's -5.43%.

Which ETF is better, GOVI or BUCK?

On 3-year performance, BUCK leads with 5.27% vs 0.97% for GOVI. On fees, GOVI is cheaper at 0.15% per year. On volatility, BUCK has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOVI or BUCK?

Over the 3-year period, BUCK has performed better with a 5.27% return vs 0.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOVI or BUCK?

GOVI is cheaper with a 0.15% expense ratio, compared with 0.35% for BUCK.

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

BUCK has the higher dividend yield at 7.41%, compared with 3.82% for GOVI.

What is the main difference between GOVI and BUCK?

They also come from different issuers: Invesco and Simplify. Their fees differ too: 0.15% for GOVI and 0.35% for BUCK.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.42 vs 0.53), 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.