TUA vs. UNIY
TUA (Simplify Short Term Treasury Futures Strategy ETF) and UNIY (WisdomTree Voya Yield Enchanced USD Universal Bond Fund) are both Intermediate Core Bond funds. TUA is actively managed, while UNIY is passively managed. Over the past 3 years, TUA returned -0.77%/yr vs 4.59%/yr for UNIY. A 0.75 correlation means they provide meaningful diversification when combined. TUA charges 0.16%/yr vs 0.15%/yr for UNIY.
Performance
TUA vs. UNIY - Performance Comparison
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Returns By Period
In the year-to-date period, TUA achieves a -4.96% return, which is significantly lower than UNIY's 0.55% return.
TUA
- 1D
- 0.44%
- 1M
- -0.67%
- YTD
- -4.96%
- 6M
- -4.51%
- 1Y
- -2.21%
- 3Y*
- -0.77%
- 5Y*
- —
- 10Y*
- —
UNIY
- 1D
- 0.14%
- 1M
- 0.32%
- YTD
- 0.55%
- 6M
- 0.61%
- 1Y
- 5.12%
- 3Y*
- 4.59%
- 5Y*
- —
- 10Y*
- —
TUA vs. UNIY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | -4.96% | 7.27% | -3.59% | -1.61% |
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 0.55% | 7.37% | 1.86% | 3.90% |
Correlation
The correlation between TUA and UNIY is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023 | 0.75 |
The correlation between TUA and UNIY has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
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Return for Risk
TUA vs. UNIY — Risk / Return Rank
TUA
UNIY
TUA vs. UNIY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY). 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 | UNIY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.25 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 2.03 | -2.36 |
| Martin ratioReturn relative to average drawdown | -0.87 | 6.31 | -7.18 |
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 | UNIY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 1.40 | -1.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.85 | -0.97 |
Drawdowns
TUA vs. UNIY - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, which is greater than UNIY's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for TUA and UNIY.
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Drawdown Indicators
| TUA | UNIY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -6.27% | -9.58% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -2.53% | -4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -9.14% | -5.40% | -3.74% |
Current DrawdownCurrent decline from peak | -9.65% | -1.04% | -8.61% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -1.38% | -6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 0.81% | +1.75% |
Volatility
TUA vs. UNIY - Volatility Comparison
Simplify Short Term Treasury Futures Strategy ETF (TUA) has a higher volatility of 2.00% compared to WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) at 1.25%. This indicates that TUA's price experiences larger fluctuations and is considered to be riskier than UNIY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUA | UNIY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 1.25% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | 2.71% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.86% | 3.70% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 4.85% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.76% | 4.85% | +5.91% |
TUA vs. UNIY - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is higher than UNIY'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%.
Dividends
TUA vs. UNIY - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 3.54%, less than UNIY's 4.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.54% | 3.84% | 5.19% | 4.83% | 0.15% |
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 4.85% | 4.95% | 4.86% | 3.99% | 0.00% |
Frequently Asked Questions
TUA and UNIY have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUA has higher volatility (2.00%) compared to UNIY (1.25%). In terms of maximum drawdown, TUA dropped -15.85% vs UNIY's -6.27%.
On 3-year performance, UNIY leads with 4.59% vs -0.77% for TUA. On fees, UNIY is cheaper at 0.15% per year. On volatility, UNIY has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UNIY has performed better with a 4.59% return vs -0.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UNIY is cheaper with a 0.15% expense ratio, compared with 0.16% for TUA.
UNIY has the higher dividend yield at 4.85%, compared with 3.54% for TUA.
They also come from different issuers: Simplify and WisdomTree. Their fees differ too: 0.16% for TUA and 0.15% for UNIY.
UNIY currently has the higher Sharpe Ratio (1.40 vs -0.33), 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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