TUA vs. TYA
Compare and contrast key facts about Simplify Short Term Treasury Futures Strategy ETF (TUA) and Simplify Intermediate Term Treasury Futures Strategy ETF (TYA).
TUA and TYA 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. TYA is an actively managed fund by Simplify. It was launched on Sep 27, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TUA or TYA.
Key characteristics
| TUA | TYA | |
|---|---|---|
| YTD Return | -3.65% | -6.62% |
| 1Y Return | 3.45% | 7.04% |
| Sharpe Ratio | 0.33 | 0.40 |
| Sortino Ratio | 0.56 | 0.70 |
| Omega Ratio | 1.07 | 1.08 |
| Calmar Ratio | 0.21 | 0.15 |
| Martin Ratio | 0.70 | 1.02 |
| Ulcer Index | 4.78% | 7.16% |
| Daily Std Dev | 10.20% | 18.08% |
| Max Drawdown | -15.85% | -51.15% |
| Current Drawdown | -11.44% | -44.32% |
Correlation
The correlation between TUA and TYA is 0.87, 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. TYA - Performance Comparison
In the year-to-date period, TUA achieves a -3.65% return, which is significantly higher than TYA's -6.62% 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. TYA - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is lower than TYA's 0.17% expense ratio. Despite the difference, 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. TYA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and Simplify Intermediate Term Treasury Futures Strategy ETF (TYA). 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. TYA - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 5.22%, more than TYA's 4.91% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | 5.22% | 4.83% | 0.15% | 0.00% |
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 4.91% | 4.29% | 2.24% | 0.11% |
Drawdowns
TUA vs. TYA - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, smaller than the maximum TYA drawdown of -51.15%. Use the drawdown chart below to compare losses from any high point for TUA and TYA. For additional features, visit the drawdowns tool.
Volatility
TUA vs. TYA - Volatility Comparison
The current volatility for Simplify Short Term Treasury Futures Strategy ETF (TUA) is 1.93%, while Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a volatility of 5.12%. This indicates that TUA experiences smaller price fluctuations and is considered to be less risky than TYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.