IBTQ vs. BUCK

Last updated Jun 5, 2026

IBTQ (iShares iBonds Dec 2035 Term Treasury ETF) and BUCK (Simplify Treasury Option Income ETF) are both Government Bonds funds. IBTQ is passively managed, while BUCK is actively managed. Over the past year, IBTQ returned 3.71% vs 7.46% for BUCK. At a 0.37 correlation, their price movements are largely independent. IBTQ charges 0.07%/yr vs 0.35%/yr for BUCK.

Performance

IBTQ vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2035 Term Treasury ETF (IBTQ) 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, IBTQ achieves a -0.52% return, which is significantly lower than BUCK's 1.99% return.

IBTQ

• 1D: 0.16%
• 1M: -0.07%
• YTD: -0.52%
• 6M: -0.70%
• 1Y: 3.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

IBTQ vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025
IBTQ iShares iBonds Dec 2035 Term Treasury ETF	-0.52%	5.09%
BUCK Simplify Treasury Option Income ETF	1.99%	1.98%

Correlation

The correlation between IBTQ and BUCK is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.37

The correlation between IBTQ and BUCK shifts across timeframes, from 0.25 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IBTQ vs. BUCK — Risk / Return Rank

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

IBTQ

IBTQ Risk / Return Rank: 21
IBTQ Sharpe Ratio Rank: 22
IBTQ Sortino Ratio Rank: 22
IBTQ Omega Ratio Rank: 20
IBTQ Calmar Ratio Rank: 21
IBTQ Martin Ratio Rank: 22

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.

IBTQ vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2035 Term Treasury ETF (IBTQ) 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.

	IBTQ	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	0.75	2.42	-1.66
Sortino ratio: Return per unit of downside risk	1.13	3.60	-2.47
Omega ratio: Gain probability vs. loss probability	1.13	1.51	-0.38
Calmar ratio: Return relative to maximum drawdown	0.87	5.73	-4.85
Martin ratio: Return relative to average drawdown	2.60	30.33	-27.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBTQ vs. BUCK - Sharpe Ratio Comparison

The current IBTQ Sharpe Ratio is 0.75, which is lower than the BUCK Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of IBTQ 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

	IBTQ	BUCK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	2.42	-1.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	1.48	-0.80

Drawdowns

IBTQ vs. BUCK - Drawdown Comparison

The maximum IBTQ drawdown since its inception was -4.27%, smaller than the maximum BUCK drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for IBTQ and BUCK.

Drawdown Indicators

	IBTQ	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-4.27%	-5.43%	+1.16%
Max Drawdown (1Y) Largest decline over 1 year	-4.27%	-1.31%	-2.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.43%	—
Current Drawdown Current decline from peak	-2.76%	0.00%	-2.76%
Average Drawdown Average peak-to-trough decline	-1.41%	-0.49%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	0.25%	+1.19%

Volatility

IBTQ vs. BUCK - Volatility Comparison

iShares iBonds Dec 2035 Term Treasury ETF (IBTQ) has a higher volatility of 1.60% compared to Simplify Treasury Option Income ETF (BUCK) at 0.70%. This indicates that IBTQ'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

	IBTQ	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.60%	0.70%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	3.47%	1.52%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	5.02%	3.14%	+1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.61%	3.48%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.61%	3.48%	+2.13%

IBTQ vs. BUCK - Expense Ratio Comparison

IBTQ has a 0.07% expense ratio, which is lower than BUCK's 0.35% expense ratio.

Dividends

IBTQ vs. BUCK - Dividend Comparison

IBTQ's dividend yield for the trailing twelve months is around 3.72%, less than BUCK's 7.41% yield.

Position	TTM	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	7.41%	7.59%	8.84%	4.84%	0.59%
IBTQ iShares iBonds Dec 2035 Term Treasury ETF	3.72%	2.80%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBTQ and BUCK in my portfolio?

IBTQ and BUCK have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBTQ or BUCK?

IBTQ has higher volatility (1.60%) compared to BUCK (0.70%). In terms of maximum drawdown, IBTQ dropped -4.27% vs BUCK's -5.43%.

Which ETF is better, IBTQ or BUCK?

On 1-year performance, BUCK leads with 7.46% vs 3.71% for IBTQ. On fees, IBTQ is cheaper at 0.07% 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, IBTQ or BUCK?

Over the 1-year period, BUCK has performed better with a 7.46% return vs 3.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBTQ or BUCK?

IBTQ is cheaper with a 0.07% expense ratio, compared with 0.35% for BUCK.

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

BUCK has the higher dividend yield at 7.41%, compared with 3.72% for IBTQ.

What is the main difference between IBTQ and BUCK?

They also come from different issuers: iShares and Simplify. Their fees differ too: 0.07% for IBTQ and 0.35% for BUCK.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.42 vs 0.75), 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.