ODTE vs. BUCK

Last updated Jun 4, 2026

ODTE (VegaShares SPX NDX RTY Premium Income ETF) and BUCK (Simplify Treasury Option Income ETF) are both exchange-traded funds - ODTE is a Derivative Income fund actively managed by VegaShares, while BUCK is a Government Bonds fund actively managed by Simplify. Both are actively managed. At a 0.02 correlation, their price movements are largely independent. ODTE charges 0.76%/yr vs 0.35%/yr for BUCK.

Performance

ODTE vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VegaShares SPX NDX RTY Premium Income ETF (ODTE) and Simplify Treasury Option Income ETF (BUCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ODTE

• 1D: -0.61%
• 1M: 3.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUCK

• 1D: 0.02%
• 1M: 0.38%
• YTD: 1.90%
• 6M: 2.09%
• 1Y: 7.95%
• 3Y*: 5.27%
• 5Y*: —
• 10Y*: —

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

ODTE vs. BUCK - Yearly Performance Comparison

	2026 (YTD)
ODTE VegaShares SPX NDX RTY Premium Income ETF	12.79%
BUCK Simplify Treasury Option Income ETF	0.84%

Correlation

The correlation between ODTE and BUCK is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 6, 2026	0.02

Return for Risk

ODTE vs. BUCK — Risk / Return Rank

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

BUCK

BUCK Risk / Return Rank: 87
BUCK Sharpe Ratio Rank: 77
BUCK Sortino Ratio Rank: 84
BUCK Omega Ratio Rank: 86
BUCK Calmar Ratio Rank: 92
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.

ODTE vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ODTE	BUCK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.12	1.47	+7.65

Drawdowns

ODTE vs. BUCK - Drawdown Comparison

The maximum ODTE drawdown since its inception was -2.73%, smaller than the maximum BUCK drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for ODTE and BUCK.

Drawdown Indicators

	ODTE	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-2.73%	-5.43%	+2.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.43%	—
Current Drawdown Current decline from peak	-0.61%	-0.04%	-0.57%
Average Drawdown Average peak-to-trough decline	-0.39%	-0.49%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.25%	—

Volatility

Volatility by Period

	ODTE	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.75%	3.14%	+8.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.75%	3.49%	+8.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.75%	3.49%	+8.26%

ODTE vs. BUCK - Expense Ratio Comparison

ODTE has a 0.76% expense ratio, which is higher than BUCK's 0.35% expense ratio.

Dividends

ODTE vs. BUCK - Dividend Comparison

ODTE's dividend yield for the trailing twelve months is around 1.85%, less than BUCK's 7.42% yield.

Position	TTM	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	7.42%	7.59%	8.84%	4.84%	0.59%
ODTE VegaShares SPX NDX RTY Premium Income ETF	1.85%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ODTE and BUCK in my portfolio?

ODTE and BUCK have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ODTE or BUCK?

On fees, BUCK is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ODTE or BUCK?

BUCK is cheaper with a 0.35% expense ratio, compared with 0.76% for ODTE.

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

BUCK has the higher dividend yield at 7.42%, compared with 1.85% for ODTE.

What is the main difference between ODTE and BUCK?

ODTE is categorized as Derivative Income, while BUCK is Government Bonds. They also come from different issuers: VegaShares and Simplify. Their fees differ too: 0.76% for ODTE and 0.35% for BUCK.