SHY vs. TUA
Compare and contrast key facts about iShares 1-3 Year Treasury Bond ETF (SHY) and Simplify Short Term Treasury Futures Strategy ETF (TUA).
SHY and TUA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002. TUA is an actively managed fund by Simplify. It was launched on Nov 14, 2022.
Performance
SHY vs. TUA - Performance Comparison
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SHY vs. TUA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 0.26% | 4.95% | 3.92% | 4.16% | 0.33% |
TUA Simplify Short Term Treasury Futures Strategy ETF | -3.40% | 7.27% | -3.59% | -2.04% | -0.81% |
Returns By Period
In the year-to-date period, SHY achieves a 0.26% return, which is significantly higher than TUA's -3.40% return.
SHY
- 1D
- -0.00%
- 1M
- -0.29%
- YTD
- 0.26%
- 6M
- 1.22%
- 1Y
- 3.57%
- 3Y*
- 3.88%
- 5Y*
- 1.70%
- 10Y*
- 1.65%
TUA
- 1D
- -0.19%
- 1M
- -3.25%
- YTD
- -3.40%
- 6M
- -3.08%
- 1Y
- -0.70%
- 3Y*
- -1.88%
- 5Y*
- —
- 10Y*
- —
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SHY vs. TUA - Expense Ratio Comparison
SHY has a 0.15% expense ratio, which is lower than TUA's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SHY vs. TUA — Risk / Return Rank
SHY
TUA
SHY vs. TUA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year Treasury Bond ETF (SHY) and Simplify Short Term Treasury Futures Strategy ETF (TUA). 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.
| SHY | TUA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.48 | -0.09 | +2.57 |
Sortino ratioReturn per unit of downside risk | 4.07 | -0.08 | +4.15 |
Omega ratioGain probability vs. loss probability | 1.52 | 0.99 | +0.53 |
Calmar ratioReturn relative to maximum drawdown | 4.06 | -0.10 | +4.16 |
Martin ratioReturn relative to average drawdown | 15.56 | -0.29 | +15.84 |
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
| SHY | TUA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | -0.09 | +2.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | -0.08 | +1.37 |
Correlation
The correlation between SHY and TUA is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SHY vs. TUA - Dividend Comparison
SHY's dividend yield for the trailing twelve months is around 3.72%, which matches TUA's 3.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 3.72% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.75% | 3.84% | 5.19% | 4.83% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SHY vs. TUA - Drawdown Comparison
The maximum SHY drawdown since its inception was -5.71%, smaller than the maximum TUA drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for SHY and TUA.
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Drawdown Indicators
| SHY | TUA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.71% | -15.85% | +10.14% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -6.04% | +5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -5.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.71% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -8.17% | +7.70% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -8.35% | +7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 2.12% | -1.89% |
Volatility
SHY vs. TUA - Volatility Comparison
The current volatility for iShares 1-3 Year Treasury Bond ETF (SHY) is 0.58%, while Simplify Short Term Treasury Futures Strategy ETF (TUA) has a volatility of 3.08%. This indicates that SHY experiences smaller price fluctuations and is considered to be less risky than TUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHY | TUA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 3.08% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 0.89% | 4.61% | -3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 7.65% | -6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.97% | 10.93% | -8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 10.93% | -9.37% |