TUA vs. BBAG

Last updated Jun 4, 2026

TUA (Simplify Short Term Treasury Futures Strategy ETF) and BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) are both Intermediate Core Bond funds. TUA is actively managed, while BBAG is passively managed. Over the past 3 years, TUA returned -0.88%/yr vs 3.86%/yr for BBAG. A 0.78 correlation means they provide meaningful diversification when combined. TUA charges 0.16%/yr vs 0.03%/yr for BBAG.

Performance

TUA vs. BBAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Short Term Treasury Futures Strategy ETF (TUA) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TUA achieves a -5.38% return, which is significantly lower than BBAG's 0.17% return.

TUA

• 1D: -0.39%
• 1M: -0.91%
• YTD: -5.38%
• 6M: -5.28%
• 1Y: -1.78%
• 3Y*: -0.88%
• 5Y*: —
• 10Y*: —

BBAG

• 1D: -0.23%
• 1M: 0.21%
• YTD: 0.17%
• 6M: 0.02%
• 1Y: 5.12%
• 3Y*: 3.86%
• 5Y*: -0.01%
• 10Y*: —

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

TUA vs. BBAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TUA Simplify Short Term Treasury Futures Strategy ETF	-5.38%	7.27%	-3.59%	-2.04%	-0.81%
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	0.17%	7.27%	1.26%	5.41%	0.65%

Correlation

The correlation between TUA and BBAG is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Nov 16, 2022	0.78

The correlation between TUA and BBAG has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

TUA vs. BBAG - Sectors Allocation Comparison

Sectors	TUA	BBAG
Financial Services	13.6%	6.5%
Basic Materials	-	0.5%
Communication Services	-	46.6%
Consumer Cyclical	-	1.6%
Consumer Defensive	-	1.0%
Energy	-	1.2%
Healthcare	-	2.6%
Industrials	-	1.6%
Real Estate	-	6.8%
Technology	-	12.0%
Utilities	-	2.3%

Return for Risk

TUA vs. BBAG — Risk / Return Rank

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

TUA

TUA Risk / Return Rank: 6
TUA Sharpe Ratio Rank: 6
TUA Sortino Ratio Rank: 5
TUA Omega Ratio Rank: 5
TUA Calmar Ratio Rank: 6
TUA Martin Ratio Rank: 5

BBAG

BBAG Risk / Return Rank: 37
BBAG Sharpe Ratio Rank: 37
BBAG Sortino Ratio Rank: 38
BBAG Omega Ratio Rank: 35
BBAG Calmar Ratio Rank: 38
BBAG Martin Ratio Rank: 36

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.

TUA vs. BBAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). 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.

	TUA	BBAG	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	1.31	-1.57
Sortino ratio: Return per unit of downside risk	-0.33	1.96	-2.30
Omega ratio: Gain probability vs. loss probability	0.96	1.23	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.27	1.85	-2.12
Martin ratio: Return relative to average drawdown	-0.71	5.54	-6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TUA vs. BBAG - Sharpe Ratio Comparison

The current TUA Sharpe Ratio is -0.26, which is lower than the BBAG Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of TUA and BBAG, 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

	TUA	BBAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	1.31	-1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.32	-0.45

Drawdowns

TUA vs. BBAG - Drawdown Comparison

The maximum TUA drawdown since its inception was -15.85%, smaller than the maximum BBAG drawdown of -18.73%. Use the drawdown chart below to compare losses from any high point for TUA and BBAG.

Drawdown Indicators

	TUA	BBAG	Difference
Max Drawdown Largest peak-to-trough decline	-15.85%	-18.73%	+2.88%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-2.78%	-3.90%
Max Drawdown (3Y) Largest decline over 3 years	-9.14%	-6.18%	-2.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.06%	—
Current Drawdown Current decline from peak	-10.05%	-2.84%	-7.21%
Average Drawdown Average peak-to-trough decline	-8.37%	-6.22%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	0.93%	+1.60%

Volatility

TUA vs. BBAG - Volatility Comparison

Simplify Short Term Treasury Futures Strategy ETF (TUA) has a higher volatility of 1.95% compared to JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) at 1.24%. This indicates that TUA's price experiences larger fluctuations and is considered to be riskier than BBAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TUA	BBAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	1.24%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	4.84%	2.82%	+2.02%
Volatility (1Y) Calculated over the trailing 1-year period	6.85%	3.92%	+2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.76%	5.93%	+4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.76%	5.80%	+4.96%

TUA vs. BBAG - Expense Ratio Comparison

TUA has a 0.16% expense ratio, which is higher than BBAG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TUA vs. BBAG - Dividend Comparison

TUA's dividend yield for the trailing twelve months is around 3.56%, less than BBAG's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.37%	4.29%	4.25%	3.60%	2.23%	1.44%	2.26%	2.92%	0.16%
TUA Simplify Short Term Treasury Futures Strategy ETF	3.56%	3.84%	5.19%	4.83%	0.15%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TUA and BBAG in my portfolio?

TUA and BBAG have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TUA or BBAG?

TUA has higher volatility (1.95%) compared to BBAG (1.24%). In terms of maximum drawdown, TUA dropped -15.85% vs BBAG's -18.73%.

Which ETF is better, TUA or BBAG?

On 3-year performance, BBAG leads with 3.86% vs -0.88% for TUA. On fees, BBAG is cheaper at 0.03% per year. On volatility, BBAG has been the lower-risk option at 1.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TUA or BBAG?

Over the 3-year period, BBAG has performed better with a 3.86% return vs -0.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TUA or BBAG?

BBAG is cheaper with a 0.03% expense ratio, compared with 0.16% for TUA.

Which ETF pays a higher dividend yield, TUA or BBAG?

BBAG has the higher dividend yield at 4.37%, compared with 3.56% for TUA.

What is the main difference between TUA and BBAG?

They also come from different issuers: Simplify and JPMorgan. Their fees differ too: 0.16% for TUA and 0.03% for BBAG.

Which has better risk-adjusted returns?

BBAG currently has the higher Sharpe Ratio (1.31 vs -0.26), 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.