TSLP vs. BUCK

Last updated Aug 4, 2026

TSLP (Kurv Yield Premium Strategy Tesla (TSLA) ETF) and BUCK (Simplify Treasury Option Income ETF) are both exchange-traded funds - TSLP is a Derivative Income fund actively managed by Kurv, while BUCK is a Government Bonds fund actively managed by Simplify. Both are actively managed. Over the past year, TSLP returned -7.57% vs 5.54% for BUCK. Their 0.06 correlation means their historical movements had little consistent relationship. TSLP charges 0.99%/yr vs 0.35%/yr for BUCK.

Performance

TSLP vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Tesla (TSLA) ETF (TSLP) 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, TSLP achieves a -33.74% return, which is significantly lower than BUCK's 2.60% return.

TSLP

• 1D: 2.15%
• 1M: -20.78%
• 6M: -29.23%
• YTD: -33.74%
• 1Y: -7.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.40%

BUCK

• 1D: 0.17%
• 1M: 0.34%
• 6M: 1.97%
• YTD: 2.60%
• 1Y: 5.54%
• 3Y*: 5.24%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUCK Simplify Treasury Option Income ETF	$3.71M	$3.67M	$3.97M
TSLP Kurv Yield Premium Strategy Tesla (TSLA) ETF	$224.56K	$262.54K	$283.37K

TSLP vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLP Kurv Yield Premium Strategy Tesla (TSLA) ETF	-33.74%	9.77%	41.53%	18.37%
BUCK Simplify Treasury Option Income ETF	2.60%	4.13%	7.25%	0.34%

Correlation

The correlation between TSLP and BUCK is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.06

Return for Risk

TSLP vs. BUCK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSLP

TSLP Risk / Return Rank: 9
TSLP Sharpe Ratio Rank: 9
TSLP Sortino Ratio Rank: 10
TSLP Omega Ratio Rank: 10
TSLP Calmar Ratio Rank: 9
TSLP Martin Ratio Rank: 8

BUCK

BUCK Risk / Return Rank: 93
BUCK Sharpe Ratio Rank: 90
BUCK Sortino Ratio Rank: 90
BUCK Omega Ratio Rank: 92
BUCK Calmar Ratio Rank: 96
BUCK Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSLP vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Tesla (TSLA) ETF (TSLP) 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.

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.

	TSLP	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	2.26	-2.42
Sortino ratio: Return per unit of downside risk	0.08	3.23	-3.15
Omega ratio: Gain probability vs. loss probability	1.01	1.47	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.18	6.65	-6.83
Martin ratio: Return relative to average drawdown	-0.46	31.30	-31.76

TSLP vs. BUCK - Sharpe Ratio Comparison

The current TSLP Sharpe Ratio is -0.17, which is lower than the BUCK Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of TSLP 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.

Drawdowns

TSLP vs. BUCK - Drawdown Comparison

The maximum TSLP drawdown since its inception was -46.00%, which is greater than BUCK's maximum drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for TSLP and BUCK.

Drawdown Indicators

	TSLP	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-46.00%	-5.43%	-40.57%
Max Drawdown (1Y) Largest decline over 1 year	-42.53%	-0.84%	-41.69%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.43%	—
Current Drawdown Current decline from peak	-38.79%	0.00%	-38.79%
Average Drawdown Average peak-to-trough decline	-16.29%	-0.47%	-15.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.67%	0.18%	+16.49%

Volatility

TSLP vs. BUCK - Volatility Comparison

Kurv Yield Premium Strategy Tesla (TSLA) ETF (TSLP) has a higher volatility of 21.72% compared to Simplify Treasury Option Income ETF (BUCK) at 0.42%. This indicates that TSLP'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

	TSLP	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.72%	0.42%	+21.30%
Volatility (6M) Calculated over the trailing 6-month period	37.69%	1.25%	+36.44%
Volatility (1Y) Calculated over the trailing 1-year period	45.54%	2.47%	+43.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.01%	3.42%	+46.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.01%	3.42%	+46.59%

TSLP vs. BUCK - Expense Ratio Comparison

TSLP has a 0.99% expense ratio, which is higher than BUCK's 0.35% expense ratio.

Dividends

TSLP vs. BUCK - Dividend Comparison

TSLP's dividend yield for the trailing twelve months is around 37.94%, more than BUCK's 7.19% yield.

Position	TTM	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	7.19%	7.59%	8.84%	4.84%	0.59%
TSLP Kurv Yield Premium Strategy Tesla (TSLA) ETF	37.94%	31.05%	21.82%	4.39%	0.00%

Frequently Asked Questions

Can I hold both TSLP and BUCK in my portfolio?

TSLP and BUCK have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLP or BUCK?

TSLP has higher volatility (21.72%) compared to BUCK (0.42%). In terms of maximum drawdown, TSLP dropped -46.00% vs BUCK's -5.43%.

Which ETF is better, TSLP or BUCK?

On 1-year performance, BUCK leads with 5.54% vs -7.57% for TSLP. On fees, BUCK is cheaper at 0.35% per year. On volatility, BUCK has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLP or BUCK?

Over the 1-year period, BUCK has performed better with a 5.54% return vs -7.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLP or BUCK?

BUCK is cheaper with a 0.35% expense ratio, compared with 0.99% for TSLP.

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

TSLP has the higher dividend yield at 37.94%, compared with 7.19% for BUCK.

What is the main difference between TSLP and BUCK?

TSLP is categorized as Derivative Income, while BUCK is Government Bonds. They also come from different issuers: Kurv and Simplify. Their fees differ too: 0.99% for TSLP and 0.35% for BUCK.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.26 vs -0.17), 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.