IEF vs. TYA
IEF (iShares 7-10 Year Treasury Bond ETF) and TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) are both Government Bonds funds. IEF is passively managed, while TYA is actively managed. Over the past 3 years, IEF returned 2.47%/yr vs -2.45%/yr for TYA. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
IEF vs. TYA - Performance Comparison
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Returns By Period
In the year-to-date period, IEF achieves a -0.66% return, which is significantly higher than TYA's -5.08% return.
IEF
- 1D
- -0.25%
- 1M
- -0.08%
- YTD
- -0.66%
- 6M
- -1.17%
- 1Y
- 4.06%
- 3Y*
- 2.47%
- 5Y*
- -1.14%
- 10Y*
- 0.63%
TYA
- 1D
- -0.63%
- 1M
- -0.93%
- YTD
- -5.08%
- 6M
- -6.88%
- 1Y
- 2.03%
- 3Y*
- -2.45%
- 5Y*
- —
- 10Y*
- —
IEF vs. TYA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -0.66% | 8.03% | -0.63% | 3.64% | -15.15% | 0.34% |
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | -5.08% | 14.38% | -9.63% | -2.23% | -37.62% | -0.68% |
Correlation
The correlation between IEF and TYA is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.99 |
The correlation between IEF and TYA has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
IEF vs. TYA — Risk / Return Rank
IEF
TYA
IEF vs. TYA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 7-10 Year Treasury Bond ETF (IEF) and Simplify Intermediate Term Treasury Futures Strategy ETF (TYA). 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.
| IEF | TYA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.04 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.17 | +0.83 |
| Martin ratioReturn relative to average drawdown | 2.98 | 0.49 | +2.49 |
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
| IEF | TYA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.16 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | -0.51 | +1.01 |
Drawdowns
IEF vs. TYA - Drawdown Comparison
The maximum IEF drawdown since its inception was -23.93%, smaller than the maximum TYA drawdown of -51.15%. Use the drawdown chart below to compare losses from any high point for IEF and TYA.
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Drawdown Indicators
| IEF | TYA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -51.15% | +27.22% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -11.80% | +7.73% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -22.51% | +14.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -11.35% | -41.49% | +30.14% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -35.85% | +30.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 4.17% | -2.80% |
Volatility
IEF vs. TYA - Volatility Comparison
The current volatility for iShares 7-10 Year Treasury Bond ETF (IEF) is 1.54%, while Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a volatility of 4.11%. This indicates that IEF experiences smaller price fluctuations and is considered to be less risky than TYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEF | TYA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 4.11% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 8.81% | -5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 12.91% | -8.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 20.57% | -12.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 20.57% | -13.95% |
IEF vs. TYA - Expense Ratio Comparison
Both IEF and TYA have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IEF vs. TYA - Dividend Comparison
IEF's dividend yield for the trailing twelve months is around 3.90%, which matches TYA's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.90% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 3.87% | 3.85% | 4.84% | 4.28% | 2.23% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, IEF and TYA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TYA has higher volatility (4.11%) compared to IEF (1.54%). In terms of maximum drawdown, IEF dropped -23.93% vs TYA's -51.15%.
On 3-year performance, IEF leads with 2.47% vs -2.45% for TYA. Both ETFs have the same 0.15% expense ratio. On volatility, IEF has been the lower-risk option at 1.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IEF has performed better with a 2.47% return vs -2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEF and TYA have the same expense ratio: 0.15% per year.
IEF has the higher dividend yield at 3.90%, compared with 3.87% for TYA.
They also come from different issuers: iShares and Simplify.
IEF currently has the higher Sharpe Ratio (0.85 vs 0.16), 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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