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 2.91%/yr vs -1.00%/yr for TYA. Their 0.99 correlation means they have historically moved very closely together. 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 -1.24% return, which is significantly higher than TYA's -7.44% return.
IEF
- 1D
- 0.20%
- 1M
- -1.04%
- 6M
- -0.82%
- YTD
- -1.24%
- 1Y
- 0.82%
- 3Y*
- 2.91%
- 5Y*
- -1.85%
- 10Y*
- 0.46%
- ALL TIME*
- 3.35%
TYA
- 1D
- 0.46%
- 1M
- -3.02%
- 6M
- -6.00%
- YTD
- -7.44%
- 1Y
- -6.08%
- 3Y*
- -1.00%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $439.71M | $475.54M | $612.94M | |
| $293.95K | $302.74K | $683.37K |
IEF vs. TYA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -1.24% | 8.03% | -0.63% | 3.64% | -15.15% | -0.04% |
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | -7.44% | 14.38% | -9.63% | -2.23% | -37.62% | -0.80% |
Correlation
The correlation between IEF and TYA is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 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.
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.
| IEF | TYA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.93 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | -0.50 | +0.70 |
| Martin ratioReturn relative to average drawdown | 0.47 | -1.07 | +1.54 |
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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% | -12.24% | +8.17% |
Max Drawdown (3Y)Largest decline over 3 years | -6.89% | -19.13% | +12.24% |
Max Drawdown (5Y)Largest decline over 5 years | -21.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -11.87% | -42.95% | +31.08% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -36.02% | +30.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 5.68% | -3.91% |
Volatility
IEF vs. TYA - Volatility Comparison
The current volatility for iShares 7-10 Year Treasury Bond ETF (IEF) is 1.20%, while Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a volatility of 3.30%. 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 | 1.20% | 3.30% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 9.64% | -5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.54% | 11.99% | -7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 20.35% | -12.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.61% | 20.35% | -13.74% |
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 3.97%, more than TYA's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.97% | 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 | 3.74% | 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 (3.30%) compared to IEF (1.20%). In terms of maximum drawdown, IEF dropped -23.93% vs TYA's -51.15%.
On 3-year performance, IEF leads with 2.91% vs -1.00% for TYA. Both ETFs have the same 0.15% expense ratio. On volatility, IEF has been the lower-risk option at 1.20%. 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 2.91% return vs -1.00%. 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 3.97%, compared with 3.74% for TYA.
They also come from different issuers: iShares and Simplify.
IEF currently has the higher Sharpe Ratio (0.18 vs -0.51), 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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