IBGA vs. TUA
IBGA (iShares iBonds Dec 2044 Term Treasury ETF) and TUA (Simplify Short Term Treasury Futures Strategy ETF) are both Intermediate Core Bond funds. IBGA is passively managed, while TUA is actively managed. Over the past year, IBGA returned -1.15% vs -5.24% for TUA. Their 0.68 correlation means they have sometimes moved together and sometimes differently. IBGA charges 0.07%/yr vs 0.16%/yr for TUA.
Performance
IBGA vs. TUA - Performance Comparison
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Returns By Period
In the year-to-date period, IBGA achieves a -2.95% return, which is significantly higher than TUA's -6.37% return.
IBGA
- 1D
- -0.67%
- 1M
- -3.25%
- 6M
- -3.11%
- YTD
- -2.95%
- 1Y
- -1.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.33%
TUA
- 1D
- -0.32%
- 1M
- -1.10%
- 6M
- -5.88%
- YTD
- -6.37%
- 1Y
- -5.24%
- 3Y*
- 0.67%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $314.51K | $271.73K | $362.95K | |
| $11.89M | $10.24M | $8.33M |
IBGA vs. TUA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | -2.95% | 6.09% | -2.18% |
TUA Simplify Short Term Treasury Futures Strategy ETF | -6.37% | 7.27% | 3.02% |
Correlation
The correlation between IBGA and TUA is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024 | 0.68 |
The correlation between IBGA and TUA has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
IBGA vs. TUA — Risk / Return Rank
IBGA
TUA
IBGA vs. TUA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2044 Term Treasury ETF (IBGA) 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.
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.
| IBGA | TUA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.94 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.37 | +0.39 |
| Martin ratioReturn relative to average drawdown | 0.05 | -0.81 | +0.86 |
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Drawdowns
IBGA vs. TUA - Drawdown Comparison
The maximum IBGA drawdown since its inception was -11.69%, smaller than the maximum TUA drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for IBGA and TUA.
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Drawdown Indicators
| IBGA | TUA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -15.85% | +4.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -7.96% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.14% | — |
Current DrawdownCurrent decline from peak | -7.14% | -10.99% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -8.45% | +3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 3.64% | -0.74% |
Volatility
IBGA vs. TUA - Volatility Comparison
iShares iBonds Dec 2044 Term Treasury ETF (IBGA) has a higher volatility of 2.09% compared to Simplify Short Term Treasury Futures Strategy ETF (TUA) at 1.91%. This indicates that IBGA's price experiences larger fluctuations and is considered to be riskier 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
| IBGA | TUA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 1.91% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | 5.57% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 7.01% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.74% | 10.65% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.74% | 10.65% | -0.91% |
IBGA vs. TUA - Expense Ratio Comparison
IBGA has a 0.07% expense ratio, which is lower than TUA's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBGA vs. TUA - Dividend Comparison
IBGA's dividend yield for the trailing twelve months is around 4.80%, more than TUA's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | 4.39% | 4.49% | 2.03% | 0.00% | 0.00% |
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.12% | 3.84% | 5.19% | 4.83% | 0.15% |
Frequently Asked Questions
IBGA and TUA have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBGA has higher volatility (2.09%) compared to TUA (1.91%). In terms of maximum drawdown, IBGA dropped -11.69% vs TUA's -15.85%.
On 1-year performance, IBGA leads with -1.15% vs -5.24% for TUA. On fees, IBGA is cheaper at 0.07% per year. On volatility, TUA has been the lower-risk option at 1.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBGA has performed better with a -1.15% return vs -5.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGA is cheaper with a 0.07% expense ratio, compared with 0.16% for TUA.
IBGA has the higher dividend yield at 4.39%, compared with 3.12% for TUA.
They also come from different issuers: iShares and Simplify. Their fees differ too: 0.07% for IBGA and 0.16% for TUA.
IBGA currently has the higher Sharpe Ratio (0.02 vs -0.42), 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.
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