TUA vs. USFI
TUA (Simplify Short Term Treasury Futures Strategy ETF) and USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) are both exchange-traded funds - TUA is a Intermediate Core Bond fund actively managed by Simplify, while USFI is a Actively Managed fund actively managed by BrandywineGLOBAL. Both are actively managed. Over the past 3 years, TUA returned 0.30%/yr vs 4.06%/yr for USFI. Their 0.71 correlation means they have sometimes moved together and sometimes differently. TUA charges 0.16%/yr vs 0.39%/yr for USFI.
Performance
TUA vs. USFI - Performance Comparison
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Returns By Period
In the year-to-date period, TUA achieves a -6.16% return, which is significantly lower than USFI's 0.70% return.
TUA
- 1D
- 0.22%
- 1M
- -0.88%
- 6M
- -5.37%
- YTD
- -6.16%
- 1Y
- -5.03%
- 3Y*
- 0.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.57%
USFI
- 1D
- 0.14%
- 1M
- -0.69%
- 6M
- 0.68%
- YTD
- 0.70%
- 1Y
- 3.00%
- 3Y*
- 4.06%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.78M | $10.08M | $8.27M | |
| $223.65 | $248.36 | $6.79K |
TUA vs. USFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | -6.16% | 7.27% | -3.59% | 4.43% |
USFI BrandywineGLOBAL - U.S. Fixed Income ETF | 0.70% | 6.96% | 1.11% | 2.95% |
Correlation
The correlation between TUA and USFI is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023 | 0.71 |
The correlation between TUA and USFI has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
TUA vs. USFI — Risk / Return Rank
TUA
USFI
TUA vs. USFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and BrandywineGLOBAL - U.S. Fixed Income ETF (USFI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TUA | USFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.18 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.72 | -3.36 |
| Martin ratioReturn relative to average drawdown | -1.37 | 6.29 | -7.66 |
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Drawdowns
TUA vs. USFI - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, which is greater than USFI's maximum drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for TUA and USFI.
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Drawdown Indicators
| TUA | USFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -8.47% | -7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -1.11% | -6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -9.14% | -7.69% | -1.45% |
Current DrawdownCurrent decline from peak | -10.79% | -0.86% | -9.93% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -2.06% | -6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 0.48% | +3.19% |
Volatility
TUA vs. USFI - Volatility Comparison
Simplify Short Term Treasury Futures Strategy ETF (TUA) has a higher volatility of 1.86% compared to BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) at 0.73%. This indicates that TUA's price experiences larger fluctuations and is considered to be riskier than USFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUA | USFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 0.73% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 5.57% | 1.66% | +3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.59% | 3.08% | +3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.65% | 6.84% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.65% | 6.84% | +3.81% |
TUA vs. USFI - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is lower than USFI's 0.39% expense ratio.
Dividends
TUA vs. USFI - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 3.11%, less than USFI's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.11% | 3.84% | 5.19% | 4.83% | 0.15% |
USFI BrandywineGLOBAL - U.S. Fixed Income ETF | 4.51% | 4.42% | 4.60% | 1.83% | 0.00% |
Frequently Asked Questions
TUA and USFI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUA has higher volatility (1.86%) compared to USFI (0.73%). In terms of maximum drawdown, TUA dropped -15.85% vs USFI's -8.47%.
On 3-year performance, USFI leads with 4.06% vs 0.30% for TUA. On fees, TUA is cheaper at 0.16% per year. On volatility, USFI has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USFI has performed better with a 4.06% return vs 0.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TUA is cheaper with a 0.16% expense ratio, compared with 0.39% for USFI.
USFI has the higher dividend yield at 4.51%, compared with 3.11% for TUA.
TUA is categorized as Intermediate Core Bond, while USFI is Actively Managed. They also come from different issuers: Simplify and BrandywineGLOBAL. Their fees differ too: 0.16% for TUA and 0.39% for USFI.
USFI currently has the higher Sharpe Ratio (0.98 vs -0.77), 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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