TUA vs. BND
TUA (Simplify Short Term Treasury Futures Strategy ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - TUA is a Intermediate Core Bond fund actively managed by Simplify, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. TUA is actively managed, while BND is passively managed. Over the past 3 years, TUA returned -0.88%/yr vs 3.96%/yr for BND. Their correlation of 0.80 suggests significant overlap in exposure. TUA charges 0.16%/yr vs 0.03%/yr for BND.
Performance
TUA vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, TUA achieves a -5.38% return, which is significantly lower than BND's 0.27% return.
TUA
- 1D
- -0.39%
- 1M
- -0.91%
- YTD
- -5.38%
- 6M
- -5.28%
- 1Y
- -1.78%
- 3Y*
- -0.88%
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- -0.19%
- 1M
- 0.27%
- YTD
- 0.27%
- 6M
- 0.12%
- 1Y
- 5.11%
- 3Y*
- 3.96%
- 5Y*
- 0.09%
- 10Y*
- 1.58%
TUA vs. BND - 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% |
BND Vanguard Total Bond Market ETF | 0.27% | 7.08% | 1.38% | 5.65% | 0.58% |
Correlation
The correlation between TUA and BND is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2022 | 0.80 |
The correlation between TUA and BND has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
TUA vs. BND — Risk / Return Rank
TUA
BND
TUA vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and Vanguard Total Bond Market ETF (BND). 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 | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.24 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.92 | -2.18 |
| Martin ratioReturn relative to average drawdown | -0.71 | 5.80 | -6.51 |
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
| TUA | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 1.36 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.59 | -0.72 |
Drawdowns
TUA vs. BND - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for TUA and BND.
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Drawdown Indicators
| TUA | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -18.58% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -2.68% | -4.00% |
Max Drawdown (3Y)Largest decline over 3 years | -9.14% | -5.92% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -10.05% | -2.37% | -7.68% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -3.06% | -5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 0.88% | +1.65% |
Volatility
TUA vs. BND - Volatility Comparison
Simplify Short Term Treasury Futures Strategy ETF (TUA) has a higher volatility of 1.95% compared to Vanguard Total Bond Market ETF (BND) at 1.23%. This indicates that TUA's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUA | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 1.23% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.84% | 2.66% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 3.78% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 6.02% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.76% | 5.53% | +5.23% |
TUA vs. BND - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is higher than BND'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. BND - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 3.56%, less than BND's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.97% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUA and BND have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUA has higher volatility (1.95%) compared to BND (1.23%). In terms of maximum drawdown, TUA dropped -15.85% vs BND's -18.58%.
On 3-year performance, BND leads with 3.96% vs -0.88% for TUA. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BND has performed better with a 3.96% return vs -0.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.16% for TUA.
BND has the higher dividend yield at 3.97%, compared with 3.56% for TUA.
TUA is categorized as Intermediate Core Bond, while BND is Total Bond Market. They also come from different issuers: Simplify and Vanguard. Their fees differ too: 0.16% for TUA and 0.03% for BND.
BND currently has the higher Sharpe Ratio (1.36 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.
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