SBAR vs. BUCK

Last updated Jun 3, 2026

SBAR (Simplify Barrier Income ETF) and BUCK (Simplify Treasury Option Income ETF) are both exchange-traded funds - SBAR is a Derivative Income fund actively managed by Simplify, while BUCK is a Government Bonds fund actively managed by Simplify. Both are actively managed. Over the past year, SBAR returned 13.04% vs 7.91% for BUCK. At a 0.11 correlation, their price movements are largely independent. SBAR charges 0.75%/yr vs 0.35%/yr for BUCK.

Performance

SBAR vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Barrier Income ETF (SBAR) 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, SBAR achieves a 3.01% return, which is significantly higher than BUCK's 1.88% return.

SBAR

• 1D: 0.35%
• 1M: 1.78%
• YTD: 3.01%
• 6M: 4.67%
• 1Y: 13.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUCK

• 1D: 0.06%
• 1M: 0.34%
• YTD: 1.88%
• 6M: 2.33%
• 1Y: 7.91%
• 3Y*: 5.26%
• 5Y*: —
• 10Y*: —

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

SBAR vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025
SBAR Simplify Barrier Income ETF	3.01%	13.80%
BUCK Simplify Treasury Option Income ETF	1.88%	6.78%

Correlation

The correlation between SBAR and BUCK is 0.09, 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 (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025	0.11

SBAR vs. BUCK - Sectors Allocation Comparison

Sectors	SBAR	BUCK
Financial Services	82.0%	100.0%
Technology	33.1%	-
Communication Services	10.7%	-
Consumer Cyclical	10.1%	-
Healthcare	9.8%	-
Industrials	8.7%	-
Consumer Defensive	5.4%	-
Energy	3.5%	-
Utilities	2.5%	-
Real Estate	2.0%	-
Basic Materials	1.9%	-

Return for Risk

SBAR vs. BUCK — Risk / Return Rank

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

SBAR

SBAR Risk / Return Rank: 47
SBAR Sharpe Ratio Rank: 41
SBAR Sortino Ratio Rank: 42
SBAR Omega Ratio Rank: 40
SBAR Calmar Ratio Rank: 55
SBAR Martin Ratio Rank: 58

BUCK

BUCK Risk / Return Rank: 86
BUCK Sharpe Ratio Rank: 77
BUCK Sortino Ratio Rank: 84
BUCK Omega Ratio Rank: 87
BUCK Calmar Ratio Rank: 89
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.

SBAR vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Barrier Income ETF (SBAR) 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.

	SBAR	BUCK	Difference
Sharpe ratio Return per unit of total volatility	1.46	2.53	-1.06
Sortino ratio Return per unit of downside risk	2.14	3.81	-1.66
Omega ratio Gain probability vs. loss probability	1.26	1.54	-0.28
Calmar ratio Return relative to maximum drawdown	2.77	5.49	-2.72
Martin ratio Return relative to average drawdown	10.33	29.09	-18.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBAR vs. BUCK - Sharpe Ratio Comparison

The current SBAR Sharpe Ratio is 1.46, which is lower than the BUCK Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of SBAR 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

	SBAR	BUCK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.53	-1.06
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	1.47	+0.08

Drawdowns

SBAR vs. BUCK - Drawdown Comparison

The maximum SBAR drawdown since its inception was -5.32%, roughly equal to the maximum BUCK drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for SBAR and BUCK.

Drawdown Indicators

	SBAR	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-5.43%	+0.11%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	-1.31%	-4.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.43%	—
Current Drawdown Current decline from peak	0.00%	-0.06%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.93%	-0.49%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	0.25%	+1.18%

Volatility

SBAR vs. BUCK - Volatility Comparison

Simplify Barrier Income ETF (SBAR) has a higher volatility of 2.30% compared to Simplify Treasury Option Income ETF (BUCK) at 0.70%. This indicates that SBAR'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

	SBAR	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	0.70%	+1.60%
Volatility (6M) Calculated over the trailing 6-month period	5.68%	1.53%	+4.15%
Volatility (1Y) Calculated over the trailing 1-year period	9.08%	3.22%	+5.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.81%	3.49%	+6.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.81%	3.49%	+6.32%

SBAR vs. BUCK - Expense Ratio Comparison

SBAR has a 0.75% expense ratio, which is higher than BUCK's 0.35% expense ratio.

Dividends

SBAR vs. BUCK - Dividend Comparison

SBAR's dividend yield for the trailing twelve months is around 12.64%, more 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%
SBAR Simplify Barrier Income ETF	12.64%	8.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SBAR and BUCK in my portfolio?

SBAR and BUCK have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBAR or BUCK?

SBAR has higher volatility (2.30%) compared to BUCK (0.70%). In terms of maximum drawdown, SBAR dropped -5.32% vs BUCK's -5.43%.

Which ETF is better, SBAR or BUCK?

On 1-year performance, SBAR leads with 13.04% vs 7.91% for BUCK. On fees, BUCK is cheaper at 0.35% 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, SBAR or BUCK?

Over the 1-year period, SBAR has performed better with a 13.04% return vs 7.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SBAR or BUCK?

BUCK is cheaper with a 0.35% expense ratio, compared with 0.75% for SBAR.

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

SBAR has the higher dividend yield at 12.64%, compared with 7.42% for BUCK.

What is the main difference between SBAR and BUCK?

SBAR is categorized as Derivative Income, while BUCK is Government Bonds. Their fees differ too: 0.75% for SBAR and 0.35% for BUCK.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.53 vs 1.46), 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.