TUA vs. VTIP
TUA (Simplify Short Term Treasury Futures Strategy ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - TUA is a Intermediate Core Bond fund actively managed by Simplify, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. TUA is actively managed, while VTIP is passively managed. Over the past 3 years, TUA returned -0.88%/yr vs 5.26%/yr for VTIP. A 0.77 correlation means they provide meaningful diversification when combined. TUA charges 0.16%/yr vs 0.03%/yr for VTIP.
Performance
TUA vs. VTIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TUA achieves a -5.38% return, which is significantly lower than VTIP's 2.05% return.
TUA
- 1D
- -0.39%
- 1M
- -0.91%
- YTD
- -5.38%
- 6M
- -5.28%
- 1Y
- -1.78%
- 3Y*
- -0.88%
- 5Y*
- —
- 10Y*
- —
VTIP
- 1D
- 0.00%
- 1M
- 0.04%
- YTD
- 2.05%
- 6M
- 2.03%
- 1Y
- 4.70%
- 3Y*
- 5.26%
- 5Y*
- 3.37%
- 10Y*
- 3.14%
TUA vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | -5.38% | 7.27% | -3.59% | -2.04% | -0.81% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 2.05% | 6.07% | 4.74% | 4.62% | 0.12% |
Correlation
The correlation between TUA and VTIP is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2022 | 0.77 |
The correlation between TUA and VTIP shifts across timeframes, from 0.65 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TUA vs. VTIP — Risk / Return Rank
TUA
VTIP
TUA vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.41 | ||
| Sortino ratioReturn per unit of downside risk | -5.69 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.67 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 6.75 | -7.02 |
| Martin ratioReturn relative to average drawdown | -0.71 | 26.06 | -26.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TUA | VTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 3.15 | -3.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.89 | -1.03 |
Drawdowns
TUA vs. VTIP - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for TUA and VTIP.
Loading charts...
Drawdown Indicators
| TUA | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -6.27% | -9.58% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -0.70% | -5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -9.14% | -0.98% | -8.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -10.05% | -0.02% | -10.03% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -1.04% | -7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 0.18% | +2.35% |
Volatility
TUA vs. VTIP - Volatility Comparison
Simplify Short Term Treasury Futures Strategy ETF (TUA) has a higher volatility of 1.95% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.43%. This indicates that TUA's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TUA | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 0.43% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.84% | 1.02% | +3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 1.50% | +5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 2.77% | +7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.76% | 2.74% | +8.02% |
TUA vs. VTIP - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is higher than VTIP's 0.03% 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. VTIP - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 3.56%, which matches VTIP's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.56% | 3.84% | 5.19% | 4.83% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.58% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
TUA and VTIP have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUA has higher volatility (1.95%) compared to VTIP (0.43%). In terms of maximum drawdown, TUA dropped -15.85% vs VTIP's -6.27%.
On 3-year performance, VTIP leads with 5.26% vs -0.88% for TUA. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VTIP has performed better with a 5.26% return vs -0.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.16% for TUA.
VTIP has the higher dividend yield at 3.58%, compared with 3.56% for TUA.
TUA is categorized as Intermediate Core Bond, while VTIP is Inflation-Protected Bonds. They also come from different issuers: Simplify and Vanguard. Their fees differ too: 0.16% for TUA and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (3.15 vs -0.26), 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.
Find the right allocation for TUA and VTIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer