TUA vs. IBTO
Compare and contrast key facts about Simplify Short Term Treasury Futures Strategy ETF (TUA) and iShares iBonds Dec 2033 Term Treasury ETF (IBTO).
TUA and IBTO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TUA is an actively managed fund by Simplify. It was launched on Nov 14, 2022. IBTO is a passively managed fund by iShares that tracks the performance of the ICE 2033 Maturity US Treasury Index. It was launched on Jun 27, 2023.
Performance
TUA vs. IBTO - Performance Comparison
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TUA vs. IBTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | -3.21% | 7.27% | -3.59% | 4.29% |
IBTO iShares iBonds Dec 2033 Term Treasury ETF | -0.02% | 8.23% | -0.87% | 1.71% |
Returns By Period
In the year-to-date period, TUA achieves a -3.21% return, which is significantly lower than IBTO's -0.02% return.
TUA
- 1D
- 0.24%
- 1M
- -4.04%
- YTD
- -3.21%
- 6M
- -2.23%
- 1Y
- -0.42%
- 3Y*
- -1.82%
- 5Y*
- —
- 10Y*
- —
IBTO
- 1D
- 0.27%
- 1M
- -2.09%
- YTD
- -0.02%
- 6M
- 0.95%
- 1Y
- 4.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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TUA vs. IBTO - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is higher than IBTO's 0.07% 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%.
Return for Risk
TUA vs. IBTO — Risk / Return Rank
TUA
IBTO
TUA vs. IBTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and iShares iBonds Dec 2033 Term Treasury ETF (IBTO). 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 | IBTO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.05 | 0.80 | -0.85 |
Sortino ratioReturn per unit of downside risk | -0.02 | 1.19 | -1.21 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.14 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.46 | -1.49 |
Martin ratioReturn relative to average drawdown | -0.07 | 3.82 | -3.88 |
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 | IBTO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 0.80 | -0.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.48 | -0.56 |
Correlation
The correlation between TUA and IBTO is 0.80, 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
TUA vs. IBTO - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 3.74%, less than IBTO's 4.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.74% | 3.84% | 5.19% | 4.83% | 0.15% |
IBTO iShares iBonds Dec 2033 Term Treasury ETF | 4.10% | 4.05% | 4.23% | 1.66% | 0.00% |
Drawdowns
TUA vs. IBTO - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, which is greater than IBTO's maximum drawdown of -8.36%. Use the drawdown chart below to compare losses from any high point for TUA and IBTO.
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Drawdown Indicators
| TUA | IBTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -8.36% | -7.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.04% | -3.08% | -2.96% |
Current DrawdownCurrent decline from peak | -8.00% | -2.09% | -5.91% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -2.37% | -5.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.18% | +0.92% |
Volatility
TUA vs. IBTO - Volatility Comparison
Simplify Short Term Treasury Futures Strategy ETF (TUA) has a higher volatility of 3.08% compared to iShares iBonds Dec 2033 Term Treasury ETF (IBTO) at 1.75%. This indicates that TUA's price experiences larger fluctuations and is considered to be riskier than IBTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUA | IBTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 1.75% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 3.01% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.65% | 5.19% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.94% | 6.74% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.94% | 6.74% | +4.20% |