TUA vs. IEF
Compare and contrast key facts about Simplify Short Term Treasury Futures Strategy ETF (TUA) and iShares 7-10 Year Treasury Bond ETF (IEF).
TUA and IEF 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. IEF is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TUA or IEF.
Key characteristics
| TUA | IEF | |
|---|---|---|
| YTD Return | -3.51% | -0.36% |
| 1Y Return | 1.23% | 4.41% |
| Sharpe Ratio | 0.33 | 0.83 |
| Sortino Ratio | 0.56 | 1.24 |
| Omega Ratio | 1.07 | 1.14 |
| Calmar Ratio | 0.21 | 0.28 |
| Martin Ratio | 0.70 | 2.41 |
| Ulcer Index | 4.83% | 2.48% |
| Daily Std Dev | 10.21% | 7.22% |
| Max Drawdown | -15.85% | -23.93% |
| Current Drawdown | -11.31% | -17.17% |
Correlation
The correlation between TUA and IEF is 0.83, 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.
Performance
TUA vs. IEF - Performance Comparison
In the year-to-date period, TUA achieves a -3.51% return, which is significantly lower than IEF's -0.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TUA vs. IEF - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is higher than IEF's 0.15% 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%.
Risk-Adjusted Performance
TUA vs. IEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.
Dividends
TUA vs. IEF - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 5.21%, more than IEF's 3.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | 5.21% | 4.83% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.51% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% | 2.05% | 1.77% |
Drawdowns
TUA vs. IEF - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, smaller than the maximum IEF drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for TUA and IEF. For additional features, visit the drawdowns tool.
Volatility
TUA vs. IEF - Volatility Comparison
Simplify Short Term Treasury Futures Strategy ETF (TUA) and iShares 7-10 Year Treasury Bond ETF (IEF) have volatilities of 2.05% and 1.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.